Cyclone Completes First Phase of Commercialization Program With The Ohio State University's Center for Automotive Research
September 24 2013 - 9:10AM
Marketwired
Cyclone Power Technologies Inc. (OTCQB:
CYPW), developer of the all-fuel
clean-tech
Cyclone Engine, announced today that it has completed the first
phase of its development and testing program with
The Ohio State University's prestigious
Center for Automotive Research (OSU CAR).
Cyclone recruited OSU CAR to assist in the commercialization of
its external combustion engine technology, specifically the
company's Waste Heat Engine (WHE) model.
Since the commencement of the program in June, the partners have
completed dynamic analysis of the engine and developed solutions
for: improved durability of bearings and valve systems, reduced
engine noise and vibration, and enhanced assembly and quality
control standards. In addition, Cyclone and OSU CAR have commenced
work on the next generation WHE. This improved design engine, which
will be built and tested this coming month, has approximately 60%
fewer parts. The partners calculate that this will decrease
manufacturing costs and increase operational durability without any
loss in performance.
Dr. James H. Durand, Director of Testing, Engineering &
Software Development Services at OSU CAR, stated: "We are very
pleased with the progress we've made to date with the WHE, and feel
confident that together with Cyclone's team we can achieve our
project goals in the short term. We are quite impressed with the
inventive talent at Cyclone, and believe that our added experience
in product development can provide the needed mix to get these
engines to market."
"This is a strong team working on the commercialization of our
WHE, with a great deal of experience in multiple areas of
engineering and product development. I see real progress being made
towards the goal of getting our engine ready for prototype
manufacturing this year. This milestone will mark a fundamental
step forward for Cyclone and its shareholders," stated Harry
Schoell, Chairman and CTO of Cyclone.
OSU CAR is a Columbus-based interdisciplinary research center
within The Ohio State University's College of Engineering. Among
other expertise, OSU CAR focuses on advanced engine development,
alternative fuels for reduced fuel consumption and emissions,
electric and hybrid drivetrains, and advanced battery technology.
OSU CAR performs research and analysis for some of the largest
automotive OEMs and government agencies in the world.
About Cyclone Power Technologies
Cyclone Power Technologies is the
developer of the award-winning Cyclone Engine -- an all-fuel,
clean-tech engine with the power and
versatility to run everything from waste energy electric generators
and solar thermal systems to cars, trucks and locomotives. Invented
by company founder and Chairman Harry Schoell, the patented Cyclone
Engine is an eco-friendly external combustion
engine, ingeniously designed to achieve high thermal efficiencies
through a compact heat-regenerative process, and to run on
virtually any fuel -- including bio-diesels,
syngas or solar --
while emitting fewer greenhouse gases and irritating pollutants
into the air. The Cyclone Engine was recognized by Popular Science
Magazine as the Invention of the Year for
2008, and was presented with two Society of Automotive Engineers'
AEI Tech Awards. Additionally, Cyclone was
named Environmental Business of the Year by
the Broward County (Florida) Environmental Protection Department.
For more information, visit www.cyclonepower.com.
Follow Cyclone on Facebook:
http://www.facebook.com/CyclonePowerTechnologies
About OSU CAR The Ohio State Center for
Automotive Research (OSU CAR) is the preeminent research center in
sustainable and safe mobility in the United States and an
interdisciplinary research center in the College of Engineering.
OSU CAR research focuses on: advanced electric propulsion and
energy storage systems; advanced engines and alternative fuels for
reduced fuel consumption and emissions; intelligent transportation
and vehicular communication systems; autonomous vehicles; noise,
vibrations, and dynamics; vehicle chassis systems; and vehicle and
occupant safety. http://car.osu.edu/
Safe Harbor Statement Certain statements
in this news release may contain forward-looking information within
the meaning of Rule 175 under the Securities Act of 1933 and Rule
3b-6 under the Securities Exchange Act of 1934, and are subject to
the safe harbor created by those rules. All statements, other than
statements of fact, included in this release, including, without
limitation, statements regarding potential future plans and
objectives of the company, are forward-looking statements that
involve risks and uncertainties. There can be no assurance that
such statements will prove to be accurate and actual results and
future events could differ materially from those anticipated in
such statements. The company cautions that these forward-looking
statements are further qualified by other factors. The company
undertakes no obligation to publicly update or revise any
statements in this release, whether as a result of new information,
future events or otherwise.
Company Contact Christopher Nelson Tel: 954-943-8721
chris@cyclonepower.com OSU Contact Holly Henley
Communications & Marketing Tel: 614-292-4217
henley.53@osu.edu