Cyclone Power Technologies Inc., developer of the all-fuel clean-tech Cyclone Engine, announced that Falck Schmidt Defense Systems (FSDS) of Denmark has signed an exclusive Engineering Development Agreement with Cyclone Power Technologies. This agreement provides for the development over the next 6 months, of a militarized 10 Kw auxiliary power unit (APU) for worldwide military applications. FSDS will be the exclusive worldwide distributor for both military and aerospace power applications.
The exclusive Engineering Development Agreement calls for an initial engineering fee of $225,000. Other license fees will be agreed upon within the next 90 days. Work has commenced with FSDS mechanical and electrical engineers arriving at Cyclone on June 21, 2016. The statement of design work and critical path calls for the building of two systems to be built at Cyclone’s offices. These will then be taken to FSDS for militarized testing. FSDS engineers will assist Cyclone in the necessary changes to the basic Cyclone 10 Kw system to make it applicable to military standards. The exclusive Engineering Development Agreement allows FSDS the rights to build and sell the Cyclone powered systems exclusive to all military and aerospace worldwide as our representative and pay cyclone a license or royalty fee.
Frankie Fruge, President of Cyclone Power, stated, “This is the result of our delivery of the S-2 to the US Army TARDEC two years ago and has now after, year-long negotiations, found its way back to the military through the worldwide organization FSDS. Cyclone is excited to work with an international organization with extensive expertise in the military arena. It is projected that there will be manufacturing resulting from the license agreement, development of new products in conjunction with FSDS’s R&D center, and income from license fees and royalties. Cyclone is on track with this alliance and continues to focus on completing projects, bringing revenue to our top line and profits to the bottom line.”
Jan Falck Schmidt, Chief Executive Officer of FSDS, stated, “The Cyclone engine power system is a real asset to the added power loads our militaries are encountering due to the extended use of electronics. We are expanding our operation to provide a wider range of much needed military standard products. The all fuel, small size, and low emissions make the Cyclone powered systems the green answer for all militaries.”
Falck Schmidt Defense Systems (FSDS) is recognized as a key supplier and prime contractor within the Danish industry complex. The company completed the full manufacturing and delivery test of the first 22 PIRANHA III for MOWAG to the Danish Army. Furthermore completed the design and manufacturing of 50 special designed M113, called M113A2 Mk I DK and in this project FSDS integrated an Oto Melara turret with the 25 mm Oerlikon-Contraves machine-cannon including the thermal sight produced by Zeiss and all belonging systems.
Filed Under: Aerospace + defense
