POMPANO BEACH, FL — (Marketwired) — 11/03/14 — Cyclone Power Technologies (PINKSHEETS: CYPW), developer of the all-fuel, clean-tech Cyclone Engine, announced today that it has signed a $135,000 purchase order for the development and components of a Hydrocarbon extractor system with Republic Energy LLC. of Foley, Alabama.
This system is used to extract fuels from bio-mass. Cyclone Power has developed a technology that heats the extraction tubes evenly by use of Cyclone–s atomizers to a temperature sufficient to release the hydrocarbons from the bio-mass. Republic Energy has also agreed to provide funding to become a joint patent holder with Cyclone Power Technologies on a gas/oil heating system which will be integrated with mud oil recovery and the complimentary biomass energy extraction system.
“This is a terrific working partnership for Cyclone allowing us to increase our patent portfolio and further develop our technology. Republic Energy is a well funded company with plans of licensing our atomizers and burners and going into mass production.” stated Frankie Fruge, President of Cyclone. “This is just the first part of a working relationship with Republic Energy with plans of integrating our Mark 3 engines into the system.”
“This project is really exciting as it shows that our patented components for our engines can also be used and sold for many other applications in the fuel recovery industry,” added Harry Schoell, CTO of Cyclone.
Republic Energy President, Gary Champagne, commented, “We are looking forward to a long and mutually beneficial relationship with Cyclone Power Technologies. Our long time plans are finally coming to fruition and we are looking forward to the next steps in manufacturing and production.”
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 a 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 the Society of Automotive Engineers– AEI Tech Award in 2006 and 2008. Additionally, Cyclone was recently named Environmental Business of the Year by the Broward County Environmental Protection Department. For more information, visit .
: @Cyclonepower
Republic Energy, operating out of a 60,000 sq ft facility in Foley, AL, is an energy recycling and remediation company. A few of Republic–s application focus on recovering fuels from sewage, dried mud and algae.
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.
Frankie Fruge
President
Rob Wilson
Investor Relations
Tel: 954-943-8721
Gary Champagne