SOURCE: Cyclone Power Technologies, Inc.

May 20, 2008 07:00 ET

Cyclone Power Technologies Upgraded to "Current Information" Status on Pink Sheets

POMPANO BEACH, FL--(Marketwire - May 20, 2008) - Cyclone Power Technologies Inc. (PINKSHEETS: CYPW) announced today that it has met the "Current Information" requirements for issuing companies under the rules and regulations of the Pink Sheets OTC Electronic Markets, and its stock symbol designation has been upgraded to reflect the company's full disclosure status.

"This has been an important step forward for the company," stated Cyclone's COO, Frankie Fruge. "As we grow our business and shareholder base, we will continue open and transparent communication with the investment community. We take our Current Information status very seriously and intend to keep it active."

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 the company'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, 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 Engines are expected to cost less to manufacture, operate and maintain; however Cyclone Engines are highly scalable and sufficiently powerful for applications ranging from lawn equipment and small home generators to cars, trucks, buses ships and locomotives. The Broward County Environmental Protection Department recently named Cyclone Power Technologies as the "Environmental Business of the Year."

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, to reflect events or circumstances or to changes in its expectations, except as may be required by law.

Contact Information

  • Contact:
    Frankie Fruge
    Cyclone Power Technologies, Inc.
    601 NE 26th Ct.
    Pompano Beach, FL 33064
    954-943-8721