Aura Systems Joins Forces with Cyclone Power Technologies to Develop Renewable Power Generation
08/21/2012| 09:35am US/Eastern
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
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
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
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.
Aura Systems, Inc.
Melvin Gagerman, Chairman and CEO
© Business Wire 2012