Cyclone Power Technologies announced that Advent Power Systems has made its final base payment to Cyclone under its Technology License Agreement. The timely delivery of this license fee secures for Advent the continuing rights to pursue power and motive applications for the Cyclone Engine with the U.S., European and Israeli military establishments, as well as large biomass applications. As Cyclone’s first licensee, Advent has been active over the... Read more..
Octillion Corp., a next-generation alternative and renewable energy technology developer, today announced plans to further Octillion’s development of first-generation devices capable of generating electricity by harvesting energy from vehicles in motion. The Company has entered into an agreement with Veryst Engineering LLC, a respected Boston-based engineering firm with expertise in energy capture technologies. Working with the Office of Naval Research,... Read more..
Ocean Power Technologies, Inc. announce that it has been awarded a new $3 million contract for participation in the second phase of the US Navy’s Deep Water Active Detection Systems (“DWADS”) program, which is designed to utilize sophisticated data gathering and communications systems. This advanced technology program has prospective applications using multiple PowerBuoys® for homeland security including powering sensor networks over wide areas... Read more..
Ocean Power Technologies, Inc. announces that it has installed and commissioned one of its autonomous PowerBuoy® systems off the coast of New Jersey under contract from the US Navy in connection with a unique program for ocean data gathering. The Navy’s Deep Water Active Detection System (“DWADS”) program is designed to utilize sophisticated data gathering and communications systems. This advanced technology program has prospective applications,... Read more..
Arsenal Capital Partners, a leading New York-based private equity firm that invests in middle-market specialty industrial, healthcare, and financial services companies, today announced that it has signed a definitive agreement to acquire Ferro Corporation’s Fine Chemicals business, a leading manufacturer of electrolytes used in the manufacture of lithium ion batteries, as well as high performance intermediates for other key end products, for... Read more..
Ocean Power Technologies, Inc. announces that it has received a US$2.0 million award from the US Department of Energy (DoE), in support of OPT’s wave power project in Reedsport, Oregon. The DoE grant will be used to help fund the fabrication, assembly and factory testing of the first PowerBuoy® to be installed at the Reedsport site. This system will be a 150 kilowatt-rated PB150 PowerBuoy, major portions of which will be fabricated and integrated... Read more..
Cyclone Power Technologies hosted Rep. Ron Klein (D-FL) Friday in a meeting requested by the Congressman to view the Cyclone Engine and discuss ways to support the company’s award-winning technology on Capitol Hill. This visit to Cyclone’s research facility represented the second meeting between Rep. Klein and the Cyclone team. The first occurred at the Congressman’s recent press conference to announce his five-point plan to reduce... Read more..
Clean Power Technologies Inc., developer of a unique heat recovery and hybrid power system to reduce vehicle emissions, is pleased to announce that it has appointed George McLaine as a consultant to the Company. Mr. McLaine has over 40 years of experience in the transportation business. He started his career as a truck driver in his family’s business, moving in 1974 to Canada Safeway Ltd. where he spent the next 33 years. At Safeway he served... Read more..