Florida-based Cyclone Power Technologies has entered into a license agreement with Revgine, a technology development company based outside Rochester, New York.
Under the terms of the agreement, Revgine has been granted the right to develop, manufacture and sell engines using Cyclone’s patented technology for use in lawn and garden equipment, such as lawn mowers, weed eaters, leaf blowers, snow blowers and chain saws.
For the worldwide rights, Revgine has paid Cyclone an initial six-figure license fee and will pay Cyclone ongoing royalties from future engine sales.
‘This license marks an important milestone for Cyclone, in terms of both our financial and technological growth,’ stated CEO Harry Schoell, the developer of the company’s Clean Air engine. ‘We see Revgine as not only our licensee, but also our development partner. We believe that with their resources and expertise, we can bring our technology to market and hit our financial projections with greater certainty.’
The Clean Air engine itself uses an external combustion chamber to heat a separate working fluid, de-ionized water, which expands to create mechanical energy by moving pistons or a turbine. Since the combustion is external to the mechanism, the Cyclone engine can run on any fuel, either liquid or gaseous.
‘By eliminating oil pumps, radiators, catalytic converters, and other processes, we’ve simplified the combustion process, yielding cleaner power that is more affordable to produce and maintain,’ said Wilson McQueen, Cyclone’s vice president of sales and marketing.
The engines initially contemplated under the Revgine license will be propane-powered.
Babcock marks next stage in submarine dismantling project
Surely on a national security project all contractors ought to be UK owned? This is similar to the life enhancement of our nuclear stations which has...