Beacon Equity Research Client: Cyclone Power Technologies (CYPW.PK) Recently Announced New License Option
Cyclone Power recently announced that it signed an option for a second license agreement with Advent Power Systems. Under the terms, Advent will have the exclusive right to pursue commercial applications for Cyclone’s high-performance Green Revolution Engine with the U.S. Postal Department. Advent paid Cyclone a deposit upon signing the option and has agreed to pay an initial $1,000,000 royalty and a continuing per-unit royalty once the option is exercised. The President & CEO of Cyclone stated, “Our Green Revolution Engine(tm) is ideal for Post Office vehicles, as the fuel actually shuts off when the vehicle is stopped and does…