Cyclone Power recently announced that it signed an option for a second license agreement with Advent Power Systems. Under the terms, Advent will have the exclusive right to pursue commercial applications for Cyclone’s high-performance Green Revolution Engine with the U.S. Postal Department.
Advent paid Cyclone a deposit upon signing the option and has agreed to pay an initial $1,000,000 royalty and a continuing per-unit royalty once the option is exercised.
The President & CEO of Cyclone stated, “Our Green Revolution Engine(tm) is ideal for Post Office vehicles, as the fuel actually shuts off when the vehicle is stopped and does not need to idle, making this engine a highly-efficient, earth-friendly technology for the 1000s of postal delivery trucks on America’s streets.”
Let us hear your thoughts below: