POMPANO BEACH, Fla., July 23, 2007 (PRIME NEWSWIRE) -- Cyclone Power Technologies Inc. (Pink Sheets:CYPW) announced today that it has completed its Patent Cooperation Treaty (PCT) filing for worldwide patent protection on 11 major components of its Green Revolution Engine(tm).
Cyclone's Green Revolution Engine(tm) is currently protected under U.S. Patent # 7,080,512, with patents pending for the engine internationally. Earlier this year, the company filed U.S. patent applications for the 11 major components that are now covered by the international PCT filing. This brings a total of 48 patents pending in the U.S. and internationally on the engine and its components.
Harry Schoell, Cyclone's President and CEO, stated, "We are committed to promoting the long term interests of the company and its shareholders by protecting our intellectual property worldwide. Green energy technology is what the world needs and we feel that we have the right product in the right place at the right time."
Developed by Mr. Schoell, an inventor with over 63 patents issued or pending in the U.S. and internationally to his name, the Cyclone Green Revolution Engine(tm) is a turbine-based engine that regenerates (or recycles) its heat, which allows it to run cleaner, cooler and more efficiently than traditional internal combustion engines. Moreover, it is a high-performance engine capable of running on any liquid or gaseous fuel, including ethanol and propane, and is lubricated with de-ionized water instead of motor oil.
While comprised of all new components, the Green Revolution Engine(tm) has a simple, inexpensive design. By eliminating many subsystems like oil pumps, radiators, catalytic converters and fuel injectors, the Green Revolution Engine(tm) costs less to manufacture, operate and maintain than a traditional internal combustion engine; however, it is highly scalable and sufficiently powerful for applications ranging from lawn equipment and small home generators to cars, trucks, buses, locomotives and ships.
The international patent applications were filed on the following components: a centrifugal condenser, splitter valves, steam exhaust port & pre-heater coils, engine shrouding w/air-air exchanger, valve controlled throttle mechanism, engine reversing & timing control mechanism, clearance volume valves, crankshaft spider bearing & connecting rod journals, crankshaft journal & steam generator, multi-tube coils and steam generator firebox.
Corporate Profile
Cyclone holds the U.S. patent, international patent applications, and exclusive commercial rights to the Cyclone Green Revolution Engine(tm), an environmentally-friendly and highly-efficient external combustion, heat-regenerative engine. Developed by Cyclone's President and CEO, Harry Schoell, the Cyclone Green Revolution Engine(tm) regenerates (or recycles) its heat, which allows it to run cleaner, cooler and more efficiently than traditional internal combustion engines. It is capable of running on any liquid or gaseous fuel, including ethanol and propane, and is lubricated with de-ionized water instead of motor oil. By eliminating many subsystems like oil pumps, radiators, catalytic converters and fuel injectors, the Cyclone Green Revolution Engine(tm) costs less to manufacture, operate and maintain; however, it is highly scalable and sufficiently powerful for applications ranging from lawn equipment and small home generators, large stand alone generators, to cars, trucks, buses, RV's, boats and ships, as well as earth moving equipment and locomotives.
Safe Harbor Statement
This release contains certain "forward-looking" statements, as well as historical information, involving risks and uncertainties, which are covered by the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Although we believe that the expectations reflected in these forward-looking statements are reasonable, we can give no assurance that the expectations reflected in these forward-looking statements will prove to be correct. Forward-looking statements include those that use forward-looking terminology, such as the words "anticipate," "believe," "estimate," "expect," "intend," "may," "project," "plan," "will," "shall," "should," and similar expressions, including when used in the negative. Although we believe that the expectations reflected in these forward-looking statements are reasonable and achievable, these statements involve risks and uncertainties and no assurance can be given that actual results will be consistent with these forward-looking statements. Such statements are based on management's current expectations and are subject to certain factors, risks and uncertainties that may cause actual results, events and performance to differ materially from those referred to or implied by such statements. Additionally, the company's actual or future results may differ materially from those anticipated depending on a variety of factors, including continued acquisition and maintenance of favorable license arrangements, success of market research identifying new product opportunities, successful introduction of new products and continued product innovation, sales and earnings growth, and general economic conditions. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. All forward-looking statements attributable to us are expressly qualified in their entirety by these and other factors. Cyclone Power Technologies does not intend to update any of the forward-looking statements after the date of this release to conform these statements to actual results, reflect events or circumstances or to changes in its expectations, except as may be required by law.