SOURCE: Cyclone Power Technologies, Inc.

May 01, 2008 07:00 ET

Cyclone Power Technologies Named Environmental Business of the Year

POMPANO BEACH, FL--(Marketwire - May 1, 2008) - The Environmental Protection Department of Broward County, Florida has named Cyclone Power Technologies, Inc. (PINKSHEETS: CYPW) the Environmental Business of the Year.

The announcement was made Tuesday at the presentation ceremony for the county's Emerald Awards, recognizing the achievements of local businesses in protecting and preserving the environment. Cyclone was chosen as Environmental Business of the Year over twelve Emerald Award winners and dozens of other locally recognized companies.

In naming Cyclone for its highest honor, the Broward EPD considered the positive impact that Cyclone's technology could have on the environment. The company calculated that if only 10 percent of lawn mowers in the state of Florida were switched to a Cyclone Engine, consumers would conserve annually over 12 million gallons of gasoline and reduce ground spillage of gas and motor oil by an estimated 100,000 gallons. Additionally, each year our air could be spared over 127,200 pounds of hydrocarbons, 1,200 pounds of nitrogen oxides, and 3,360 pounds of irritating particles; and over 1 million pounds of carbon dioxide could be offset by using carbon-neutral bio-fuels.

"We are working hard to bring the Cyclone engine to the public, as we know its impact on creating a healthier environment will be enormous," stated Harry Schoell, CEO of Cyclone. "We are so pleased that our technology has been recognized and elevated by our local environmental protection department."

The company anticipates the first of its engines will be commercially viable by 2009, and believes that walk-behind lawn mower applications could be available to consumers late next year. The company is also developing and bench testing engines for use in portable generators, riding mowers, off-road equipment, automobiles, trucks, busses, locomotives and ships.

CORPORATE PROFILE

Cyclone holds the U.S. patent, international patent applications, and exclusive commercial rights to the Cyclone Engine, an environmentally friendly and highly efficient external combustion, heat-regenerative engine. Developed by Cyclone's President and CEO, Harry Schoell, the Cyclone Engine regenerates (or recycles) its heat, which allows it to run cleaner, cooler and more efficiently than traditional internal combustion engines. The Cyclone Engine is capable of running on any liquid or gaseous fuel, including ethanol, bio-diesel and propane. The company also recently filed a patent application for its Waste Heat Engine, a low-pressure engine capable of running on heat emitted from external sources, including the waste exhaust of a power generator or renewable solar power. Both these engines are lubricated with de-ionized water instead of motor oil, and by eliminating many subsystems like oil pumps, radiators, catalytic converters and fuel injectors, the Cyclone Engines are expected to cost less to manufacture, operate and maintain. The Cyclone Engine is highly scalable and sufficiently powerful for applications ranging from lawn equipment and small home generators, large stand-alone generators, to cars, trucks, buses, RV's, 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 33064
    954-943-8721