Cyclone Power Technologies, Inc. (OTC Pink: CYPW) is engaged within the research, development, and commercialization of the 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.” Shares of the next-gen engine manufacturer are climbing 66.67%, through early trading on Thursday, January 25, 2018. Over the past month, Cyclone Power Technologies, Inc. has seen average daily volume of 27.19 million shares. However, volume of 65.93 million shares or dollar volume of $26,372, has already exchanged hands through early trading.
Shares of Cyclone Power Technologies, Inc. are rallying today, after the company announced that it has signed a letter of intent (LOI) to form a strategic partnership with Genesis Design – Build, LLC. The joint venture will form new subsidiary of Cyclone Power Technologies, Inc. called Cyclone Thermal Storage Genesis, LLC. Each party will have a 50% ownership in the subsidiary. The new subsidiary will focus on building and storing Thermal Storage Unites (TSU0 for global distribution. Here is the full press release detailing of the joint venture and plans to boost TSU exports:
POMPANO BEACH, FL., Jan. 25, 2018 (GLOBE NEWSWIRE) — Cyclone Power Technologies, Inc. (OTCPK: CYPW) Cyclone Power Technologies is identifying their place in the emerging electric utility Microgrid and have teamed with Genesis Design – Build LLC. a Ft. Lauderdale, Florida Company, to form Cyclone Thermal Storage Genesis LLC, which will be a subsidiary of Cyclone Power Technologies. Cyclone will own 50% of the subsidiary and retain all the rights to all the patents relevant to thermal storage. The new subsidiary will have use of the patents and design and build the Thermal Storage Unit (TSU) for worldwide distribution using there proprietary technology. Their proprietary technology will be used for the construction of the new Cyclone TSU. It will store the heated Thermal Transfer Medium produced by Cyclone’s solar trough array.
The development of their new 1 Megawatt Microgrid product for the global Microgrid market and Cyclone’s role in it, is more identified in this detailed 22 minute YouTube presentation –
We will be working on establishing the customer base with all of Cyclone and Genesis technologies to become a major force in the worldwide Microgrid market. “We have had many meetings and conversations with solar engineers, solar manufacturers, and customers for remote locations, and have identified a real need for a Safe, 3 year payback, and 5 day storage capacity for the 1 Megawatt class and under Microgrid” stated Frankie Fruge, President of Cyclone. This is a great opportunity for Cyclone to get our engines and products into production. .
Cyclone has released the Mark 1 and Mark 3 engines to their contract manufacturers. Upon completion, the engines will be sent to TAW Power Systems, Inc. in Tampa Florida to be retrofitted with generators and then sent into Cyclone’s distribution channels.
Cyclone is now preparing for the next project which is being led by their new thermal storage technology and the recent need identified for a safer, more cost effective and more efficient alternative to solar photovoltaic panel based Microgrid systems that typically have storage limitations of only hours instead of days.
Genesis Design – Build LLC, with the Owner-President Joseph Dobos, has developed a new material for the construction of the Thermal Storage Unit for Cyclone’s new proprietary Thermal Storage Medium. This new product will revolutionize the Storage of Solar heat and other heat sources that can now be stored for use to run the Cyclone Engine to produce Electricity for days and nights after the sun or other heat sources are not available.
Cyclone is taking applications for additional distributors in Europe, South America, Africa, and Canada. Please email your inquiry to email@example.com for the qualifying process.
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.
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 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, was included in a 2011 report by Popular Mechanics as an important waste energy technology for the future, and was twice presented with the Society of Automotive Engineers’ AEI Tech Award. Additionally, Cyclone was named Environmental Business of the Year by the Broward County Environmental Protection Department. For more information, visit www.cyclonepower.com
About Genesis Design-Build LLC:
Genesis Design-Build’s President Joseph Dobos, has over 35 years of building, designs, and innovate materials. As stated by his philosophy of “every space is different and every structure has its unique reason for existing” brings all of Joe’s projects to a well-defined ending. Through his creative project planning and goal objectives Joe has developed preparatory building material technics that have innovated the safety and structurally sound buildings. In conjunction with this technic he has not lost the aesthetics that are also desirable.