POMPANO BEACH, Fla.--(BUSINESS WIRE)--Cyclone Power Technologies (Pink Sheets:CYPW) received the “Algaepreneur 2009 Award” at the National Algae Association Conference, held last week in Houston, TX.
The Algaepreneur Award honors companies and individuals who make important contributions to the development and commercialization of algae-based fuels. It is usually bestowed on algae fuel producers and marketers; however, Cyclone is the first honoree of the award outside these fields. The National Algae Association (NAA) is the leading trade organization for algae researchers, producers and financiers.
Cyclone received the NAA award for its heat regenerative, Rankine cycle engine, an efficient and earth-friendly modern steam engine capable of running on virtually any fuel, including today’s most promising biofuels. In tests performed by the company earlier this year, the Cyclone engine’s fuel atomizers and combustion chamber successfully burned several different variations and grades of the same strain of algae fuel without engine modification and, equally important, without expensive processing of the fuel. It is this adaptability in utilizing algae fuels, as well as other renewable and traditional fossil fuels, to power generators, automobiles and virtually any other engine application in the near future which marks a major milestone for the industry.
Recently, major corporations such as Chevron and ExxonMobil have made large investments in algae fuel production, and Continental Airlines has demonstrated algae as a usable fuel for jet planes. Algae can be processed to produce a carbon neutral oil-based fuel which can be grown almost anywhere without competing with worldwide food supplies.
Cyclone was also featured on Channel 39 News (Houston) during the conference, a video of which can be viewed on the company’s website at: http://www.cyclonepower.com/video.html.
CORPORATE PROFILE
Cyclone Power Technologies is the developer of the award-winning Cyclone Engine – 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 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.
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