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Prospector
Profile
2-1-004
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| Clean Power Technologies Inc. |
NAICS |
541330 |
| 436-35th Ave N.W.
Calgary, Alberta, Canada |
Description |
Engineering Services |
| (403) 277-2944 |
Employees |
0 |
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Revenue |
(mil) |
0.0000 |
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Income |
(mil) |
-3.2510 |
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Assets |
(mil) |
0.8580 |
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Liability |
(mil) |
1.3240 |
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(for the year ended 2007-08-31) |
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Category:
Loss/Deficit
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Event:
Clean Power Technologies Inc. had a net loss of $1,069,924 for the first quarter ended November 30, 2007, much higher than the net loss incurred during the first quarter ended November 30, 2006. At November 30, 2007, the Company's balance showed $636,441 in total assets, $168,301 in total liabilities, resulting in $468,140 in stockholders's equity. The Company also has an accumulated deficit during the development stage of $4,632,926.
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Intellectual Property:
On October 11, 2006, Mitsui Babcock Energy Limited, now Doosan Babcock, entered into a formal agreement for the participation and collaboration with Clean Power Technologies, Inc. to develop steam accumulator technology for use in the Clean Power’s hybrid technologies. During the fiscal year ending August 31, 2007, the Company entered into an agreement with Gersten Savage LLP in connection with the filing and prosecution of certain patent applications with respect to the Unitary Engine and Reservoir Engine Inventions. The Company currently has one provisional patent application filed in the U.S. The scope of the disclosure will permit filing of multiple utility patent applications, which are currently under preparation. The Company also has used and is registering the trademark CESAR™ in the United States and under the Madrid Protocol. [SEC Filing 10-KSB 12-12-07]
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Description:
Clean Power Technologies Inc., through its wholly-owned U.K. subsidiary, Clean Power Technologies Ltd., focuses on on the research and development of hybrid technology.
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Officers:
Abdul Mitha (Pres. & CEO); Diane Glatfelter (CFO & Sec.); Richard Dennis (Dir.); Michael Burns (Dir.); David Thursfield (Dir.)
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Auditor:
Child Van Wagoner & Bradshaw PLLC
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Securities:
Common Stock-Symbol CPWE.OB; OTC BB; 59,845,748 common shares outstanding as of January 9, 2008.
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