Cyclone Power makes licensee inroads in China with prototype engine builds
Cyclone Power Technologies (OTCQB: CYPW) 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.
According to the news release, the engines built by Great Wall are based on Cyclone's WHE-25 design and are meant for use with biomass-to-power generator systems. Applications will include distributed combined heat and power (CHP) systems, and power sources for bio-char producing environmental remediation equipment. Initial compressed air testing of Great Wall's engines has been successful, and steam testing will commence shortly. These units will ultimately be manufactured and sold only in China.
Great Wall's Managing Director Robert Devine, commented: "We see a multi-billion dollar market for distributed power in China's rural areas. With the Cyclone Engine, we can deliver viable, low cost biomass-based power solutions integrated with a bio-char process that can help remediate water and soil pollution. Operating within China can sometimes be challenging, and that has admittedly pushed back our production schedule. We are pleased to be back on track and fully committed to seeing this project through to completion."
Cyclone's President, Christopher Nelson, also commented: "We are glad to see real progress with our partners in China in getting these engines closer to market and look forward to their next phases of development. China presents a major market opportunity for our multi-fuel capable, eco-friendly engine technology, and we are excited to be capitalizing on it."
Led by a group of veteran China operators and investors, Great Wall is focused on developing Cyclone's technologies for the Chinese market. Great Wall's Chairman Zhan Shan, a PRC national, founded several new energy ventures including China's first private municipal gas company, and was China's first technology developer of large-format lithium-ion batteries. Managing Director Robert Devine has over a decade of experience investing in the China's consumer goods, technology, media and real estate sectors.
It is surprising to many that the steam engine is still alive. Actually, it never died. What do you think runs those turbines at nuclear and coal power plants? Yes, it is steam.