March 18, 2010 (FinancialWire) — Cyclone Power Technologies Inc. (OTC: CYPW) said it has signed a letter of intent with Alabama-based Unified Fuels LLC regarding the co-development and systems integration of Cyclone’s heat-regenerative external combustion engines.

Under the LOI, Cyclone and Unified will perform certain business and technological feasibility studies related to using Cyclone’s Mark V and waste heat engines with Unified’s waste-to-fuel systems.

According to Cyclone, Unified’s process uses a form of destructive distillation in which manipulation of the carbon chains in the biomass occurs with the end resultant being a liquid fuel. The final products of this process are diesel fuel, gasoline, methane and heat.

The latter two energy forms, which would otherwise be wasted, can be used in the Cyclone Engines to power Unified’s total system and, possibly, create additional revenue streams for the facility owner, according to Cyclone.

Florida-based Cyclone is the developer of the Cyclone Engine, an external combustion engine meant to run portable electric generators, garden equipment, cars, trucks and locomotives, among other things.

The Cyclone is a modern steam engine, designed to achieve high thermal efficiencies through a compact heat-regenerative process, and to run on a range of fuels, including bio-diesels, syngas or solar.

FinancialWire(tm) is committed to serving the financial community through true journalism and providing relevant resources to investors. Standards-based, independent equity research on numerous public companies is available through the Investrend Research Syndicate (http://www.investrend.com/reports) written by FIRST Research Consortium (http://www.investrend.com/FIRST) member-providers. Free annual reports and company filings for companies mentioned in the news are available through the Investrend Information Syndicate (at http://investrend.ar.wilink.com/?level=279). FinancialWire(tm), in cooperation with the Investrend Broadcast Syndicate, also provides complete, daily conference call and webcast schedules as a service to shareholders and investors via the FirstAlert(tm) Network’s “FirstAlert(tm) Daily” (http://www.financialwire.net/news-alerts/).

FinancialWire(tm) is a fully independent, proprietary news wire service. FinancialWire(tm) is not a press release service, and receives no compensation for its news, opinions or distributions. Further disclosure is at the FinancialWire(tm) website (http://www.financialwire.net/disclosures.php). Contact FinancialWire(tm) directly via inquiries@financialwire.net.

Legal Disclaimer:

EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.