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Cyclone Power Technologies Adds Product Development Expert, Karl Petersen, to Its Board of Technical Advisors

Dépèche transmise le 14 mars 2012 par Business Wire

Cyclone Power Technologies Adds Product Development Expert, Karl Petersen, to Its Board of Technical Advisors

POMPANO BEACH, Fla.--(BUSINESS WIRE)--Cyclone Power Technologies (OTCQB: CYPW), developer of the all-fuel, clean-tech Cyclone Engine, announced today that it has appointed product development expert Karl Petersen to the Company’s Technical Board of Advisors. Mr. Petersen has over 45 years of experience in product development, engineering, manufacturing, and quality systems. He will work directly with Cyclone’s engineering team to assist in the commercialization of its external combustion engine technology.

Mr. Petersen currently runs Petersen Product Development in Boise, ID, which has provided mechanical, chemical and manufacturing process development for clients that include Caterpillar and John Deere. Previously, Mr. Petersen spent over 25 years in various engineering and management positions at Preco (purchased by Vansco Electronics in 2005), which provided critical product development for Caterpillar and AGCO. He also served several Lockheed divisions as a Senior Mechanical Engineer. Having worked on steam systems since the 1960’s, Mr. Petersen has built numerous engines throughout his career and has vast knowledge of their mechanical and thermodynamic operations.

Harry Schoell, CEO of Cyclone and inventor of the Cyclone engine, commented: “We’re very pleased to have Karl join our team of distinguished technical advisors. I have the utmost respect for Karl’s experience in steam power, as well as his deep knowledge of product development and production technology. We believe he will add significant value to the development of our engines, and help expedite our path to commercialization.”

Other members of Cyclone Technical Board of Advisors include:

• James D. Crank, a retired engineer with Lockheed and one of the foremost experts on automotive steam engine systems. He has served as a consultant on steam car restoration to the Jay Leno Collection and the State of California steam bus development program.
• Robert Edwards is a retired senior engineer from Lockheed Martin Energy Systems, in Oak Ridge, TN, where he worked on numerous projects over a 30 year period including the Apollo Moon Project and other space programs. His area of expertise is in energy conversion systems, including thermoelectric, steam, internal combustion and external combustion engines.
• George Nutz is technology consultant with almost 50 years of experience working with external combustion and steam engines. Mr. Nutz was a research engineer at MIT Instrumentation Laboratory, part of the Department of Aeronautics and Astronautics, who represented MIT-IL at the Department of Transportation Clean Air / External Combustion hearings.

About Cyclone Power Technologies

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 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, syngas or solar -- while minimizing the release of 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 named Environmental Business of the Year by the Broward County Environmental Protection Department. For more information, visit www.cyclonepower.com.

Follow Cyclone on Facebook: http://www.facebook.com/CyclonePowerTechnologies

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.