Cyclone Power Technologies announced that it has entered into its first microgrid installation contract to provide systems that provide over 3 Megawatts of electricity, hot water and 72 hour storage backup through patent pending Thermal Storage Units for over 365,000 square feet of medical facilities in Palm Beach County Florida beginning first quarter of 2019. The power purchase agreement provides for ten years of power at a discount to the current rates paid to the local power company that has historically provided electricity, with benchmarks and adjustments annually based on industry pricing standards. The value of the power to be delivered over the ten years is estimated to be approximately $11 million dollars with no increase in power pricing based upon 2017 electricity rates. Cyclone’s power system features a number of proprietary patented or patent pending elements that are being deployed commercially for the first time. The system will feature unique and patent pending solar collectors which are engineered to be hurricane resistant, a proprietary thermal storage unit and the Cyclone Mark 10 engine which will provide power atop a UL certified generator system built by a third-party partner who is currently a leader in the generator business worldwide. Cyclone expects to install this system in the first quarter of 2019.