Cyclone Power Technologies, Inc. Bundle
Who Really Owned Cyclone Power Technologies?
Understanding a company's ownership structure is crucial for assessing its potential and strategic direction. The story of Cyclone Power Technologies, Inc., a pioneer in clean-tech, offers a fascinating case study in how ownership can shape a company's destiny. This article unravels the ownership journey of Cyclone Power Technologies, exploring its evolution from its inception to its eventual cessation of operations.
Founded in 2004, Cyclone Power Technologies aimed to revolutionize power generation with its innovative engine technology. This deep dive into Cyclone Power Technologies, Inc. SWOT Analysis will examine the key players, from the founder to major shareholders, who influenced the company's path. We'll explore the company profile, its business structure, and the investor information that defined its trajectory, offering insights into the factors that contributed to its rise and eventual cessation of operations. This analysis will also touch upon questions like "Who owns Cyclone Power" and the company's history.
Who Founded Cyclone Power Technologies, Inc.?
The story of Cyclone Power Technologies, Inc. begins in June 2004 as Cyclone Technologies LLLP, a Florida limited liability limited partnership. This entity held the intellectual property and spearheaded the initial development of the Cyclone Engine technology. Understanding the evolution of Company Ownership is key to grasping the company's trajectory.
Who owns Cyclone Power starts with Harry Schoell, the inventor and founder, who also served as Chief Technical Officer and Chairman. Schoell's extensive background, including founding Schoell Marine in 1966 and holding over 40 patents, laid a solid foundation for the innovative engine technology. The company's history is marked by strategic shifts in its Business Structure.
On July 2, 2007, a significant change occurred when Cyclone Technologies LLLP merged into Coastal Technologies, Inc., a publicly-traded Florida corporation. Coastal Technologies, Inc., which had previously focused on medical software, then changed its name to Cyclone Power Technologies, Inc. This reverse merger was a pivotal moment.
Foundation
Cyclone Power Technologies, Inc. was originally established as Cyclone Technologies LLLP in June 2004.
Inventor
Harry Schoell, the inventor of the Cyclone Engine, founded the company.
Reverse Merger
The merger with Coastal Technologies, Inc. in 2007 marked a significant shift.
Early Investors
Early funding came from private placements with accredited and foreign investors.
Subsidiary
Cyclone-WHE LLC was established to market waste heat recovery systems.
Ownership Share
Cyclone Power Technologies held an 82.5% controlling interest in Cyclone-WHE LLC as of December 31, 2011.
As part of the reverse merger, Cyclone Technologies LLLP's assets and liabilities were acquired by Coastal Technologies, Inc. in exchange for 60% of Coastal's common stock, along with 100% of the newly created Series A Convertible Preferred Stock and Series B Preferred Stock. This transaction transferred control to Cyclone's management, with Harry Schoell and Frankie Fruge taking key roles. Early investments were crucial for research and development. Third-party validation of the engine design was received from Florida Atlantic University in October 2004. While specific details of initial angel investors or friends and family equity splits are not readily available in public records, the company did engage in private placements with accredited or foreign investors. In 2010, Cyclone Power Technologies established Cyclone-WHE LLC, a subsidiary focused on marketing waste heat recovery systems, holding an 82.5% controlling interest as of December 31, 2011. For more details on the company's operations, you can find additional information in our article about Cyclone Power Technologies, Inc.
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How Has Cyclone Power Technologies, Inc.’s Ownership Changed Over Time?
The evolution of Cyclone Power Technologies, Inc.'s company ownership has been marked by strategic shifts and significant transactions. Following a reverse merger in July 2007, the company became publicly traded on the OTCQB under the symbol 'CYWP'. This event reshaped its ownership landscape, bringing in new investors and altering the distribution of shares. The initial structure saw Coastal Technologies, Inc. holding a substantial number of outstanding shares.
Key changes continued with acquisitions and divestitures. In 2011, Cyclone Power Technologies acquired Advent Power Systems, Inc., issuing shares in return. Later, in 2014, the company strategically capitalized its waste heat subsidiary, WHE Generation Corp., aiming to retain a minority stake. Further adjustments occurred in 2018 when Cyclone sold a majority stake in Cyclone Performance to Go Green Energy, maintaining a minority interest. These moves reflect the company's efforts to adapt its business structure and attract investment.
| Date | Event | Impact on Ownership |
|---|---|---|
| July 2007 | Reverse Merger | Became publicly traded on OTCQB; Coastal Technologies, Inc. held shares. |
| 2011 | Acquisition of Advent Power Systems, Inc. | Cyclone issued 1.5 million shares. |
| July 2014 | Capitalization of WHE Generation Corp. | Cyclone aimed to retain 12% to 24% ownership. |
| August 2018 | Sale of Cyclone Performance to Go Green Energy | Cyclone retained 19% minority ownership. |
Major stakeholders, including institutional investors and individual shareholders, played a role in shaping the company's ownership. GEM Global Yield Fund Limited (GGYF) was a significant selling shareholder, holding warrants for additional shares. These dynamics highlight the evolving nature of company ownership and the influence of different investor groups. The company's strategic decisions, such as the sale to Go Green Energy, aimed to bring in funds and strengthen partnerships, impacting the overall business structure and investor information.
Ownership Evolution and Key Stakeholders
The ownership of Cyclone Power Technologies has changed significantly over time, influenced by strategic decisions and market dynamics. The company's structure has evolved through reverse mergers, acquisitions, and divestitures, impacting its business structure.
- Reverse merger in 2007 made it publicly traded.
- Acquisition of Advent Power Systems in 2011.
- Strategic capitalization of WHE Generation Corp. in 2014.
- Sale of Cyclone Performance to Go Green Energy in 2018.
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Who Sits on Cyclone Power Technologies, Inc.’s Board?
Regarding the ownership and governance of Cyclone Power Technologies, Inc., the board of directors played a crucial role in steering the company. While specific names and exact shareholder representation details are limited, key figures like founder Harry Schoell, who held positions such as Chairman and Chief Technical Officer, exerted significant influence. Frankie Fruge, as President, also held a key role in the company's management following the 2007 reverse merger. The board's composition and strategic decisions were critical in shaping the company's trajectory.
The company's common stock structure granted one vote per share, without cumulative voting. This 'one-share-one-vote' system meant that a simple majority could elect all directors. In July 2014, the board approved the strategic capitalization of its waste heat subsidiary, WHE Generation Corp., and appointed three new board members. These appointments aimed to bring in expertise in business development, licensing, and manufacturing. This demonstrates the board's active involvement in strategic decisions and its efforts to guide the company's direction. Details on proxy battles or activist investor campaigns are not readily available, suggesting a period without significant public governance controversies.
| Board Member | Title/Role | Notes |
|---|---|---|
| Harry Schoell | Chairman and Chief Technical Officer | Founder, significant influence |
| Frankie Fruge | President | Key role in management post-2007 |
| New Board Members (July 2014) | Various | Focused on business development, licensing, and manufacturing |
Understanding the board's composition and voting structure is vital when considering the Revenue Streams & Business Model of Cyclone Power Technologies, Inc., and the overall Company Profile. The 'one-share-one-vote' system meant that major shareholders had substantial control over the election of directors. The appointment of new board members in 2014 highlights the board's role in making strategic decisions. The absence of significant public governance controversies suggests a period of relative stability in terms of shareholder activism. For those interested in Company Ownership and Investor Information, these details provide insights into the company's governance dynamics.
Key Takeaways on Board of Directors and Voting Power
The board of directors significantly influenced the direction of Cyclone Power Technologies.
- Harry Schoell, the founder, held key positions.
- The 'one-share-one-vote' structure gave major shareholders substantial control.
- New board members were appointed to bring in specific expertise.
- No major proxy battles or activist investor campaigns were reported.
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What Recent Changes Have Shaped Cyclone Power Technologies, Inc.’s Ownership Landscape?
The cessation of operations in 2016 marked a significant turning point for Cyclone Power Technologies, Inc. (CYPW), influencing its Company Profile and future trajectory. Despite ceasing operations, the company experienced shifts in ownership and strategic directions in the years immediately following. These changes provide insights into the attempts to revitalize or repurpose the company's assets and intellectual property.
In early 2018, Cyclone Power Technologies announced a binding Letter of Intent with an investor group. The focus was on engine production and entering the microgrid market. Also, in January 2018, a Letter of Intent was announced to form a joint venture, Cyclone Thermal Storage Genesis LLC, with Genesis Design – Build, LLC. This venture, with each party holding 50% ownership, was intended to develop and distribute Thermal Storage Units. Later, in July 2018, the company agreed to sell 81% of its subsidiary, Cyclone Performance, to Go Green Energy, retaining a 19% minority stake.
| Date | Development | Details |
|---|---|---|
| Early 2018 | Letter of Intent with Investor Group | Focused on engine production and microgrid market entry. |
| January 2018 | Letter of Intent for Joint Venture | Formation of Cyclone Thermal Storage Genesis LLC with Genesis Design – Build, LLC (50/50 ownership) for thermal storage units. |
| July 2018 | Sale of Cyclone Performance | Agreement to sell 81% of Cyclone Performance to Go Green Energy; Cyclone retained 19% ownership. |
The company's valuable intellectual property, including its engine technology and patent portfolio (over 20 patents by 2014 and 36 issued patents by January 2015), remained a critical asset. The intellectual property could potentially be used for licensing or collaborative ventures, particularly in renewable energy sectors. As of June 2025, the stock price of Cyclone Power Technologies Inc. (CYPW) was trading at $0.0001.
Key Ownership Events
The company's ownership structure saw attempts to attract investment and restructure its assets. These efforts included forming joint ventures and selling off subsidiaries to maintain some presence in the market. The goal was to leverage existing technologies for future opportunities.
Intellectual Property Value
Cyclone Power Technologies possessed a substantial portfolio of patents. This intellectual property could be crucial for future licensing agreements or collaborative efforts. The focus was on potential applications in renewable energy and related fields.
Current Status
As of the latest data, the company’s stock price was extremely low. The company's future hinges on the utilization of its intellectual property or further strategic partnerships. The focus remains on the potential for its technology.
Future Prospects
The company's future depends on its ability to leverage its intellectual property or form strategic partnerships. The focus is on potential applications in renewable energy and related fields to create value. The main challenge is to find a sustainable business model.
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