Ohio Company to Manufacture Cyclone Engines for Waste Heat Recovery
Cyclone
Precision-CNC Named as Preferred ManufacturerFor Cyclone Power’s Licensee, Waste Heat Resources
Precision CNC, Inc., a leading Ohio-based manufacturer of parts for the automotive, defense, aerospace and automation industries, has signed a Preferred Manufacturer Agreement with Waste Heat Resources, Inc., a licensee of Cyclone Power Technologies, Inc. in the field of waste heat recovery power solutions.
Under the terms of the agreement, which Cyclone has approved, Precision-CNC will manufacture and assemble all of Waste Heat Resources’ requirements for Cyclone Engines to be used with its proprietary heat recovery, electric power generation system — the WHR Energy ForgeTM. Precision-CNC will also contribute $1 million in financing to Waste Heat Resources with respect to the production of these engines.
Nathan Hawkins, Owner of Precision-CNC had this to say,
We understand the potential of WHR’s technology — powered by the Cyclone Engines — and are happy to invest in it, knowing full well that once the industry gets wind of the Energy Forge, we will have more work than we can handle.
Waste Heat Resources’ COO, Carl Mueller commented;
PCNC’s reputation for quality craftsmanship speaks for itself; we are proud to have them as partner investors,” stated . These are the kind of guys you want on your team.
Waste Heat Resources’ Energy Forge is capable of harnessing the wasted heat generated from commercial furnaces, ovens and other industrial processes to produce electricity, which can either be used on site or delivered back to the utility grid. With letters of intent signed for the installation of over $2.5 million in Energy Forge systems, Cyclone’s licensee expects to commence beta testing these power generation solutions soon.
Harry Schoell, CEO of Cyclone added;
We have been working with Precision-CNC for over six months on the development of parts for our prototype engines. We have full confidence in their ability to deliver Waste Heat Resources’ requirements of our engines, and look forward to working with the two of them on these projects.
CORPORATE PROFILE
Cyclone Power Technologies is the developer of the award-winning Cyclone Engine – an eco-friendly external combustion engine with the power and versatility to run everything from portable electric generators and garden equipment to cars, trucks and locomotives. Invented by company founder and CEO Harry Schoell, the patented Cyclone Engine is a modern day steam 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. Currently in its late stages of development, 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. For more information, visit www.cyclonepower.com.
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Posted by Gordon Smith
on Jul 15 2009. Filed under Alternative Energy.
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