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Article: Cyclone Power Technologies Signs Letter of Intent To Expand Engine Development in China.
- Article from:
- China Weekly News
- Article date:
- November 17, 2009
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Cyclone Power Technologies Inc. (Pink Sheets: CYPW) has signed a Letter of Intent with Great Wall Alternative Power Systems Ltd. to advance the development and production of Cyclone's award-winning heat-regenerative external combustion engine in China.
Under the terms of the Letter of Intent, Great Wall Alternative Power Systems (GWAPS) will invest capital, assets and know-how necessary for a development program aimed at making certain of the Cyclone engine systems ready for production, sales and marketing in China within the next 12 to 24 months. These investments will include: legal and financial structuring, intellectual property protection, recruitment and ...