SOURCE: Cyclone Power Technologies, Inc.

September 21, 2007 07:00 ET

Cyclone Power Technologies Appoints VP Corporate Development

POMPANO BEACH, FL--(Marketwire - September 21, 2007) - Cyclone Power Technologies, Inc. (PINKSHEETS: CYPW) announced today that it has appointed Rick Simmons to the position of Vice President -- Corporate Development.

Mr. Simmons' role within Cyclone will be to generate and oversee new business and financing opportunities during this important stage of the company's development. Mr. Simmons brings to the company over 30 years of experience in managing business growth, including building a marine services company that he founded to a multi-million dollar business. He also co-developed and patented a structural acoustic material that was eventually licensed to 3M. Prior to working in the marine industry, he founded and built two successful mortgage companies. Mr. Simmons is a 41-year resident of Boca Raton, Florida.

"We're pleased to welcome Rick into the management of Cyclone," stated Harry Schoell, the company's CEO. "He has been a long-time supporter and shareholder of ours, and now he will be able to dedicate his great experience, energy and skill to helping us manage our corporate growth."

About Cyclone

Cyclone holds the U.S. patent, international patent applications, and exclusive commercial rights to the Green Revolution Engine™, an environmentally friendly and highly efficient external combustion, heat-regenerative engine. Developed by Cyclone's President and CEO, Harry Schoell, the Green Revolution Engine regenerates (or recycles) its heat, which allows it to run cleaner, cooler and more efficiently than traditional internal combustion engines. It is capable of running on any liquid or gaseous fuel, including ethanol and propane, and is lubricated with de-ionized water instead of motor oil. By eliminating many subsystems like oil pumps, radiators, catalytic converters and fuel injectors, Cyclone's engine is expected to cost less to manufacture, operate and maintain; however, it is highly scalable and sufficiently powerful for applications ranging from lawn equipment and small home generators, large stand alone generators, to cars, trucks, buses, RVs, boats and ships, as well as earth moving equipment and locomotives.

Safe Harbor Statement

This release contains certain "forward-looking" statements, as well as historical information, involving risks and uncertainties, which are covered by the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Although we believe that the expectations reflected in these forward-looking statements are reasonable, we can give no assurance that the expectations reflected in these forward-looking statements will prove to be correct. Forward-looking statements include those that use forward-looking terminology, such as the words "anticipate," "believe," "estimate," "expect," "intend," "may," "project," "plan," "will," "shall," "should," and similar expressions, including when used in the negative. Although we believe that the expectations reflected in these forward-looking statements are reasonable and achievable, these statements involve risks and uncertainties and no assurance can be given that actual results will be consistent with these forward-looking statements. Such statements are based on management's current expectations and are subject to certain factors, risks and uncertainties that may cause actual results, events and performance to differ materially from those referred to or implied by such statements. Additionally, the company's actual or future results may differ materially from those anticipated depending on a variety of factors, including continued acquisition and maintenance of favorable license arrangements, success of market research identifying new product opportunities, successful introduction of new products and continued product innovation, sales and earnings growth, and general economic conditions. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. All forward-looking statements attributable to us are expressly qualified in their entirety by these and other factors. Cyclone Power Technologies does not intend to update any of the forward-looking statements after the date of this release to conform these statements to actual results, reflect events or circumstances or to changes in its expectations, except as may be required by law.

Contact Information

  • Contact:
    Wilson McQueen
    Cyclone Power Technologies, Inc.
    601 NE 26th Ct.
    Pompano Beach, FL 33065
    954-943-8721