OTCPicks Featured Company: Cyclone Power Technologies, Inc. (CYPW.PK) Awarded for Environmental Achievement
Cyclone Power Technologies, Inc. (OTC: CYPW) was recently named the Environmental Business of the Year by the Environmental Protection Department of Broward County, Florida. The award presentation came during the county’s Emerald Awards, which recognizes various achievements of local businesses that take actions to protect and preserve the environment. More than 12 other Emerald Award winners were considered for the distinguished award.
The company researched statistics concerning the reduction of gasoline and projected that, if 10% of lawn mowers in the state of Florida converted to a Cyclone Engine, consumers could save over 12 million gallons of gasoline annually, and reduce ground spillage of gas and motor oil by an estimated 100,000 gallons. This would result in a reduction of 127, 200 pounds of hydrocarbons, 1,200 pounds of nitrogen oxides, and 3,360 pounds of irritating particles in the atmosphere. There would also be the possibility of reducing over 1 million pounds of carbon dioxide emissions by replacing regular fuels with carbon-neutral biofuels.
The projected arrival of the company’s first commercially available engine is 2009. with walk-behind lawn mower applications potentially entering the marketplace late next year. Development and testing has already commenced for engines used in portable generators, riding mowers, off-road equipment, automobiles, trucks, buses, locomotives and ships.
Harry Schoell, CEO of Cyclone Power Technologies, said, “We are working hard to bring the Cyclone engine to the public, as we know its impact on creating a healthier environment will be enormous. We are so pleased that our technology has been recognized and elevated by our local environmental protection department.”
The Cyclone Engine – developed by President and CEO, Harry Schoell – regenerates its heat, allowing it to run cleaner, cooler and more efficiently than traditional internal combustion engines. It is fully capable of running on any liquid or gaseous fuel, including ethanol, bio-diesel and propane. The company’s stock rose 71.43% on Monday.
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