Cyclone Power Technologies Unveils its Scalable Waste Heat Power Generator in $200 Million GE Challenge
POMPANO BEACH, Fla.--([ BUSINESS WIRE ])--[ Cyclone Power Technologies ] (Pink Sheets: CYPW) has unveiled its scalable waste heat power generator, called WHE/GenerationTM, in connection with the $200 million [ GE Ecomagination Challenge ]. Cyclonea™s renewable power system is currently ranked 25th of over 2,280 entries vying for funding and partnering opportunities in this worldwide search for unique green energy technologies.
"Such renewable, emissions-free power production is a proven method of increasing factory efficiencies and reducing dependence on fossil fuels. However, for the vast number of heat producing (and wasting) industrial plants, such goals are unattainable without Cyclonea™s highly scalable systems."
Cyclonea™s WHE/Generation system a" which stands for awaste heat electricity generationa a" is comprised of its [ Waste Heat Engine ], proprietary heat exchangers and electric generator. The patent-pending unit, which converts waste heat from furnaces, flares, kilns and ovens to mechanical power and electricity, is scalable from 10kW to 500kW or larger. The benefits of using a Cyclone engine over turbine-based waste heat recovery systems are largely economics.
aIt is currently impractical to achieve acceptable paybacks on small-scale waste heat recovery systems where the goal is to produce electricity to power a facility or feed back into the utility grid,a stated Christopher Nelson, Managing Director of Cyclonea™s WHE/Generation division. aSuch renewable, emissions-free power production is a proven method of increasing factory efficiencies and reducing dependence on fossil fuels. However, for the vast number of heat producing (and wasting) industrial plants, such goals are unattainable without Cyclonea™s highly scalable systems.a
Several Cyclone WHE/Generation beta units are available for installation in appropriate test sites, such as the test Cyclone is currently conducting with its customer, [ Bent Glass Design ]. Based on U.S. Department of Energy statistics, Cyclone estimates that there are well over 5,000 of such facilities nationwide that could benefit from a WHE/Generation system.
To learn more about Cyclonea™s scalable Waste Heat Engine, see a video of it in operation, and to vote on the WHE/Generation, please visit GEa™s website at: [ GE-ecomagination/Cyclone-WHE ], or paste the following link into your web browser:
The GE Ecomagination Challenge is being conducted with Emerald Technology Ventures, Foundation Capital, KPCB and Rockport Capital.
CORPORATE PROFILE
Cyclone Power Technologies is the developer of the award-winning [ Cyclone Engine ]a" an eco-friendly external combustion engine with the power and versatility to run everything from portable electric generators and garden equipment to cars, trucks and locomotives. Invented by company founder and [ CEO Harry Schoell ], the patented Cyclone Engine is a modern day steam 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. Currently in its late stages of development, 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 Engineersa™ 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 ].
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.