Cyclone Power taps former White House Climate Change Task Force member as advisor
The strategy of Cyclone Power (Pink Sheets: CYPW), is to have Mr. Ballentine CEO and Founder of Green Strategies, assist Cyclone's strategic long-term growth. This is a win-win for Cyclone Power as Ballentine has advised Fortune 100 companies such as CitiGroup, Wal-Mart, Coca-Cola and General Electric for over a decade on matters related to energy and environmental sustainability.
According to the news release, Ballentine served under President Bill Clinton as Chairman of the White House Climate Change Task Force and as Deputy Assistant to the President for Environmental Initiatives. He currently serves on the Advisory Board of the American Council for Renewable Energy (where he was a founding Board member), the Advisory Council of the Department of Energy's National Renewable Energy Laboratory, and has been a Senior Fellow at the Progressive Policy Institute in Washington D.C., and a lecturer on law at the Harvard Law School.
"I understand the hurdles companies face in bringing new energy technologies to market, especially technology as truly ground breaking as the Cyclone engine," Mr. Ballentine stated. "Seeing the advancements the Cyclone team has made to date with limited resources is inspiring, but not surprising. The Cyclone technology, I believe, is well positioned to meet growing market demand for alternative fuel and high efficiency engine solutions. I will work to get Cyclone's technology in front of the people who need to see it."
"We are extremely pleased to have Roger invest his time in Cyclone. He brings an enormous breadth of experience and strong contacts in many areas that are key to our success," stated Christopher Nelson, President of Cyclone. "We are honored to be working with him, and truly believe that he can help push our company and technological development to the next level."
Per his agreement, Mr. Ballentine will assist Cyclone in pursuing business opportunities, including sales and partnerships with major industrial players, governmental organizations, and defense contractors.
This is not the first advisor that Cyclone has brought onboard or aligned. This past year showed Cyclone having the support of Rep. Allen West. Even Raytheon (NYSE: RTN) gave its support with the words, "game changer"in reference to their engine for th emiliatry auxiliary power units. Cyclone Power Technologies (Pink Sheets: CYPW), and its licensee, Advent Power Systems, Inc. also announced they had been awarded a contract from the U.S. Army / TACOM (Tank Automotive Command) valued at $1.4 million.
So it's easy to see why a connection Ballentine's credentials would contribute to these step-by-step achievements. He will also monitor relevant policy and industry activities in Washington D.C. for the company, and help Cyclone develop strategic, long-range corporate planning initiatives.
About Cyclone Power
For the record, 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 CEO 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, 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.
The stock has been in a trading range since April, 2011 between 20 cents and 48 cents, closing Thursday at 28 cents. It is classified as a penny stock, but has already made great gains in openness and reporting its earnings to the SEC.
On a side-bar note, the speedster with the modified Cyclone engine is expected to make that run for the land speed record in October at Bonneville. It was delayed to concentrate on new production opportunities, a wise move which shows the priorities of management are in the right place.
[Full Dislosure: Frank owns shares in this company as part of his long-term IRA investments]
About the Reporter: After 39 years in the auto industry as a design engineer, Frank Sherosky now trades stocks, futures and writes articles, books and ebooks like, "Perfecting Corporate Character," "Awaken Your Speculator Mind", and "Millennial World Order" via authorfrank.com. He may be contacted here by email: [email protected] or via his Twitter i.d. @Authorfranks
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