POMPANO BEACH, FL, Nov 07, 2014 (Marketwired via COMTEX) — Cyclone Power Technologies (PINKSHEETS: CYPW), developer of the all-fuel, clean-tech Cyclone Engine, announced today that HyPex Inc. is manufacturing a pre-production of 10 Mark I engines to test performance and quality control before going into engine production on a larger scale.
These Mark I engines have a max 5HP rating. They will be installed by our customers and potential licensees in their systems such as:
-- Solar powered systems -- Marine generators -- Household generators fueled by natural gas, diesel & gasoline -- Household systems integrating combined heat and power -- Power from waste heat specifically in automotive and trucks -- Golf cart engines fueled by natural gas, diesel & gasoline
“This will allow our engines to be fully integrated and tested in our licensees’ systems,” stated Frankie Fruge, President of Cyclone. “This is a very exciting step to see how our products can impact the future direction of engine technology. It is also the first phase of getting our engines out of development and into the marketplace.”
“This allows us the opportunity to see our engines actually working in various applications and to serve as an example to the worldwide end-users of our engines,” added Harry Schoell, CTO of Cyclone.
“We are looking forward to the pre-production run of this engine and establishing our quality control and production systems,” commented James Hasson, President of HyPex Inc.
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 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 www.cyclonepower.com.
Follow Cyclone on Facebook: http://www.facebook.com/CyclonePowerTechnologies And Twitter @Cyclonepower
About HyPex, Inc. HyPex Inc. specializes from Wire EDM and CNC machining to CMM quality assurance (Coordinate Measuring Machine), our ISO 9001 Certified facility is here to serve your exacting requirements. From parts and tooling to entire production lines, we produce solutions competitively, whether delivering OEM quality or developing a prototype, HyPex Inc. is your single source facility.
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.
Cyclone Power Company Contact Frankie Fruge President Rob Wilson Investor Relations Tel: 954-943-8721 Email Contact Email Contact HyPex, Inc. James Hasson President Tel: 215-322-0545 http://www.hypex.com