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Monday, June 4, 2012
Engine Delivery to Raytheon Company - Cyclone Power Technologies Completes
SOURCE: Cyclone Power Technologies, Inc.
June 04, 2012 09:20 ET
Cyclone Power Technologies Completes Engine Delivery to Raytheon Company
POMPANO BEACH, FL--(Marketwire - Jun 4, 2012) - Cyclone Power Technologies Inc. (OTCQB: CYPW) (PINKSHEETS: CYPW), developer of the all-fuel, clean-tech Cyclone Engine, announced today that it has fulfilled its contract with Raytheon Integrated Defense Systems (IDS), a business of Raytheon Company. The Company has delivered to Raytheon IDS two Cyclone MR-36 Engines which have been received and accepted by the customer.
Harry Schoell, CEO of Cyclone, commented: "We're happy to have completed this important contract for our customer, Raytheon IDS, within the budget and timeframe allotted. This is a major milestone we have achieved for Cyclone and its shareholders. We thank the strong team at Raytheon for the support they provided along the way, and hope to continue our work with them in the near future."
About Cyclone Power TechnologiesCyclone 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, syngasor 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 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.
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.