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EWRL > SEC Filings for EWRL > Form 8-K on 20-Nov-2013All Recent SEC Filings

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Form 8-K for CIRQUE ENERGY, INC.


20-Nov-2013

Entry into a Material Definitive Agreement, Regulation FD Disclosure, Financi


ITEM 1.01 ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT

Cirque Energy, Inc. (OTCQB: EWRL), today announced that the Company has entered into a Joint Development Agreement (the "JDA") with Northrop Grumman Systems Corporation, acting through its Information Systems Sector, Defense Systems Divisions ('Northrup") for the development of a Deployable Gasification Unit ("DGU").

Cirque Energy, Inc. ("Cirque") has in the past, acting in a subcontractor capacity, created a conceptual DGU on behalf of Northrop. Cirque believes that the DGU is capable of converting byproducts or waste generated at military installations, natural disaster locations, or commercial or industrial sites into electricity and recoverable heat. These units utilize low temperature, starved air gasification technology coupled with conventional reciprocating engine technology.

Northrop and Cirque are committed to continue technology development for the DGU towards commercialization. Pursuant to the JDA, Northrop in partnership with Cirque is producing the first working DGU prototype for testing and demonstration for military, government, and commercial customers. Cirque anticipates that the DGU unit will be completed during 2014.

Under the JDA, Cirque Energy will lead development, manufacturing, and testing of the initial demonstration DGU, with input from Northrop. Upon successful demonstration, Northrop is expected to manufacture DGU's for exclusive sale by Northrop and Cirque. Cirque shall be responsible for funding the DGU and Northrup shall provide Cirque with certain intellectual property with a view to enabling Cirque to complete the development of the DGU.

The foregoing description of the JDA does not purport to be complete and is qualified in its entirety by reference to the complete text of the JDA, which is filed as Exhibit 10.1 hereto and is incorporated herein by reference.



ITEM 7.01 REGULATION FD DISCLOSURE

On November 20, 2013, Cirque issued a press release regarding the JDA with Northrup. A copy of the press release is attached hereto as Exhibit 99.1, which is being furnished and shall not be deemed "filed" for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section. The information in Exhibit 99.1 shall not be incorporated by reference into any filing under the Securities Exchange Act of 1934 or the Securities Act of 1933, as amended, except as expressly set forth by specific reference in such a filing.



ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS.

(d) Exhibits.

The following exhibits are furnished herewith:

Exhibit No.    Description

10.1           Joint Development Agreement dated as of November 14, 2013

99.1           Text of press release issued by Cirque Energy, Inc. on November 20, 2013.

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