Cyclone Power Technologies Inc. announced that its exclusive licensee in the area of waste-heat-to-power, WHE Generation Corp. has delivered to Cyclone a license fee of $175,000 per the terms of their July 18, 2014 agreement. WHE GEN's license enables it to manufacture, market and sell on an exclusive, worldwide basis the Cyclone Engines for the specific uses of stationary waste-heat-to-power and waste-to-power.

The company already has purchase orders for over $1 million worth of such engines scheduled for delivery over the following 2 years, upon which Cyclone will receive on-going royalty payments.