Former White House Climate Change Chairman Joins Cyclone Power Technologies Team
POMPANO BEACH, Fla.--(BUSINESS WIRE)-- Cyclone Power Technologies (Pink Sheets: CYPW), developer of the all-fuel, clean-tech Cyclone Engine, announced today that it has signed an advisory agreement with former Chairman of the White House Climate Change Task Force, Roger Ballentine, and his company Green Strategies Inc., to assist Cyclone’s strategic long-term growth.
Mr. Ballentine is CEO and Founder of Green Strategies, where for over a decade he has advised Fortune 100 companies such as CitiGroup, Wal-Mart, Coca-Cola and General Electric on matters related to energy and environmental sustainability. Previously, he served under President Bill Clinton as Chairman of the White House Climate Change Task Force and as Deputy Assistant to the President for Environmental Initiatives. He currently serves on the Advisory Board of the American Council for Renewable Energy (where he was a founding Board member), the Advisory Council of the Department of Energy’s National Renewable Energy Laboratory, and has been a Senior Fellow at the Progressive Policy Institute in Washington D.C., and a lecturer on law at the Harvard Law School.
“I understand the hurdles companies face in bringing new energy technologies to market, especially technology as truly ground breaking as the Cyclone engine,” Mr. Ballentine stated. “Seeing the advancements the Cyclone team has made to date with limited resources is inspiring, but not surprising. The Cyclone technology, I believe, is well positioned to meet growing market demand for alternative fuel and high efficiency engine solutions. I will work to get Cyclone’s technology in front of the people who need to see it.”
“We are extremely pleased to have Roger invest his time in Cyclone. He brings an enormous breadth of experience and strong contacts in many areas that are key to our success,” stated Christopher Nelson, President of Cyclone. “We are honored to be working with him, and truly believe that he can help push our company and technological development to the next level.”
Per his agreement, Mr. Ballentine will assist Cyclone in pursuing business opportunities, including sales and partnerships with major industrial players, governmental organizations, and defense contractors. He will also monitor relevant policy and industry activities in Washington D.C. for the company, and help Cyclone develop strategic, long-range corporate planning initiatives.
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About Cyclone Power Technologies
Cyclone Power Technologies is the developer of the award-winning Cyclone Engine – an all-fuel, clean-tech engine with the power and versatility to run everything from waste energy electric generators and solar thermal systems to cars, trucks and locomotives. Invented by company founder and CEO Harry Schoell, the patented Cyclone Engine is a eco-friendly external combustion 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. 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.
Safe Harbor Statement
Certain statements in this news release may contain forward-looking information within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934, and are subject to the safe harbor created by those rules. All statements, other than statements of fact, included in this release, including, without limitation, statements regarding potential future plans and objectives of the company, are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. The company cautions that these forward-looking statements are further qualified by other factors. The company undertakes no obligation to publicly update or revise any statements in this release, whether as a result of new information, future events or otherwise.