SOURCE: Cyclone Power Technologies, Inc.
POMPANO BEACH, FL--(Marketwire - Jun 26, 2012) - Cyclone Power Technologies (OTCQB: CYPW), developer of the all-fuel, clean-tech Cyclone Engine, announced today that it has signed a Teaming Agreement with CleanCarbon Pty. Ltd., a clean technology commercialization and management company based in Australia.
Cyclone has partnered with CleanCarbon to pursue renewable energy development projects in Australia, including government and private contracts for the commercialization of Cyclone technology for the agricultural and municipal waste industries. Being closely affiliated with the leading agriculture industry group SANTFA, which is dedicated to demonstrating and integrating new technologies for sustainable modern farming, CleanCarbon has vast contacts and profound experience in the $155 billion Australian farm industry.
Of primary focus for Cyclone's partnership with CleanCarbon will be opportunities related to bio-fuel usage and waste-to-energy systems. The parties envision that Cyclone products could assist over 135,000 farms in Australia generate revenue from that nation's Federal Clean Energy Futures Program. Cyclone technology can help farmers reduce on-farm costs, waste and greenhouse emissions by producing and using their own fuels to power farm equipment and distributed electrical generators. With respect to sustainable, on-site power generation from waste products, the partners will also be working with Enginuity Energy, with whom Cyclone entered into a Teaming Agreement in March 2012. Enginuity Energy's patented, scalable Ecoremedy® gasifier technology converts both high and low quality biomass (including animal bio-waste) into thermal energy that can be used to power Cyclone Engines.
Christopher Nelson, President of Cyclone, commented: "We're very pleased to team with CleanCarbon, and see great opportunities through this partnership to create value from our two engine patents in Australia. Over the last few months we have made considerable progress developing our small-scale waste-to-energy solutions and establishing the groundwork for expansion into the prospering Australasian territory, culminating in this important agreement. We strongly believe that we have the right team, technology and focus to build a profitable business in the agricultural industry that can then be expanded to farms worldwide."
Greg Butler, SANTFA R&D Manager and Executive Director of CleanCarbon, commented: "Our existing customer base manages 4 million acres of production land, and there is enormous demand for value-add clean energy technology. I have literally traveled the world evaluating clean power systems that support sustainable farming methods, and the Cyclone Engine is a standout application that actually delivers the benefits that farmers are seeking. We are very confident in our ability to bring Cyclone Engines to market in Australia, and look forward to a long and successful working relationship with Cyclone."
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 CEO 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 minimizing the release of 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 Environmental Protection Department. For more information, visit www.cyclonepower.com.
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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.