Aura Systems Joins Forces With Cyclone Power Technologies to Develop Renewable Power Generation
21 Agosto 2012 - 10:05AM
Marketwired
Aura Systems, Inc
. (OTCBB: AUSI) and Cyclone
Power Technologies, Inc. (OTCQB: CYPW) announced today that the two
companies have formed a technology development alliance to combine
the all-fuel
Cyclone Engine with the
AuraGen induction motor and control unit. The
partners anticipate that the integrated renewable power generation
system will be able to provide a turn-key distributed solution for
customers looking to produce grid-tied or stand-alone electricity
from
renewable and
waste resources.
Cyclone's advanced steam engines are capable of converting
recovered exhaust heat from industrial furnaces, biomass gasifiers
and other waste sources into mechanical power. The AuraGen
technology fits extremely well with Cyclone's engines, especially
in applications where fluctuations in heat create variations in
engine RPM. AuraGen units produce consistent rated power, at a wide
range of engine speeds, as well as generating AC and DC power
simultaneously in a variety of voltages.
Christopher Nelson, President of Cyclone, said, "Securing the
partners needed to provide turn-key renewable power generator
systems to our customers, both current and prospective, is an
important part of our growth strategy. Aura has the generator
technology, engineering team, production capabilities and resources
to provide the electrical solution from start to finish. We are
very pleased to be working with Aura and look forward to a long and
successful working relationship."
Melvin Gagerman, Chairman and CEO of Aura, said, "We recognize
the uniqueness of Cyclone's engine technology and the talents of
its engineering team. This is an attractive partnership for Aura
that we think provides an excellent market extension for our
AuraGen product line."
For more information on Aura Systems Inc. visit
www.aurasystems.com 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. 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.
Cyclone Contact Christopher Nelson President Tel: 954-943-8721
Chris@Cyclonepower.com Cyclone Investor Relations American Capital
Ventures Howard Gostfrand President Tel: 305-918-7000
info@amcapventures.com Aura Contact Melvin Gagerman Chairman and
CEO Aura Systems, Inc. 310-643-5300 x171
mgagerman@aurasystems.com or Cipora Lavut 404 539-2161
clavut@aurasystems.com
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