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Bent Glass Design Purchases Engine System From Cyclone Power Technologies

Post Time:Nov 18,2008Classify:Company NewsView:408

POMPANO BEACH, FL, Nov 17, 2008 (MARKET WIRE via COMTEX) -- Cyclone Power Technologies Inc. (PINKSHEETS: CYPW) announced today that it has signed a purchase agreement with Bent Glass Design of Hatboro, PA for a Waste Heat Engine (WHE) cogeneration system. This is Cyclone's first sale and commercial installation of its award-winning WHE.

The initial WHE system covered under this agreement will convert over 500,000 BTUs of exhaust heat from the customer's glass manufacturing furnaces into electric power. Cyclone estimates that this system will offset nearly 100% of Bent Glass's electricity requirements for lighting at its 65,000 sq ft. facility. Because much of these savings are created during peak hours, the system is expected to be cash positive in year one and provide a full payback to Bent Glass within four years.

"We are excited to work with Cyclone on this important and innovative project," said Bent Glass founder and President Steve Lerner. "In addition to providing substantial savings to our bottom line, we believe the WHE will help us conserve non-renewable energy resources and reduce greenhouse gas emissions -- two critical goals for our nation and global environment."

This process of maximizing the usefulness of the energy we consume is known as cogeneration or combined heat and power (CHP). Successful CHP applications have been utilized in the United States since the 1970's, mainly in large industrial settings where the economies of scale make it commercially feasible. But according to Harry Schoell, CEO of Cyclone, "The compact, powerful WHE can open the door for smaller industrial and commercial customers to participate in the benefits of cogeneration."

"We look forward to completing this project for Bent Glass Design and demonstrating the enormous commercial viability of the WHE," added Mr. Schoell. This will be the premiere installation of the WHE in the manufacturing sector, but other applications for Cyclone's patent-pending steam engine include restaurants, commercial trucking and even distributed solar electric.

Source: Cyclone Power Technologies, Inc.Author: shangyi

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