SOURCE: Cyclone Power Technologies, Inc.

July 16, 2008 08:30 ET

Solid Fuels Successfully Tested in Cyclone Technologies' Green Engine

POMPANO BEACH, FL--(Marketwire - July 16, 2008) - Cyclone Power Technologies (PINKSHEETS: CYPW) announced that it has successfully completed combustion tests of coal powder through the fuel injector of the company's award-winning Cyclone Engine.

These tests of coal powder present significant proof of the Cyclone Engine's versatility in utilizing diverse fuel sources without modification of the engine's primary components and system design. In this specific instance, an additional propane torch was utilized to ignite the solid fuel particles.

Over the last few months, the company has successfully tested a multitude of liquid fuels such as algae-based biodiesel, and gaseous fuels such as propane. This test, however, was the first for the Cyclone external combustion engine with a fuel in a solid, powdered state.

"While the environmental merits of 'clean' coal are debatable," stated Cyclone's CEO, Harry Schoell, "it is still one of the most abundant, inexpensive and widely-used fuel sources we have in the United States." The U.S. Energy Information Administration estimates world coal reserves at 905 gigatons, equal to about 4,417 billion barrels of oil equivalent. At the current production rate, this would last 164 years.

Mr. Schoell added: "Tests of this fuel in the Cyclone Engine are vastly important with respect to the commercial applications of our technology. Where electric power generators traditionally run on coal, such systems utilizing a Cyclone Engine could switch to more environmentally-friendly fuel sources on-the-fly when economic forces allow it." According to the U.S. Energy Information Administration, the U.S. consumes about 1.053 billion tons of coal each year, using 90% of it for generation of electricity. Worldwide, approximately 40% of electricity production comes from coal.

CORPORATE PROFILE

Cyclone Power Technologies is the developer of the award-winning Cyclone Engine -- an eco-friendly external combustion engine with the power and versatility to run everything from hand-held electric generators and garden equipment to cars, trucks and locomotives. Invented by company founder and CEO Harry Schoell, the patented Cyclone Engine is a modern day steam engine, ingeniously designed to achieve high thermal efficiencies through a compact heat-regenerative process, and to run on virtually any fuel -- including bio-diesels, syngas or solar -- while emitting fewer greenhouse gases and irritating pollutants into the air. Currently in its late stages of development, the Cyclone Engine was recognized by Popular Science Magazine as the Invention of the Year for 2008, and was presented with the Society of Automotive Engineers' AEI Tech Award in 2006 and 2008. Additionally, Cyclone was recently named Environmental Business of the Year by the Broward County Environmental Protection Department. For more information, visit www.cyclonepower.com.

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

  • Media Contact:
    Will Wellons
    407-462-2718
    will@wellonscommunications.com

    Company Contact:
    Ann Staples
    Cyclone Power Technologies, Inc.
    601 NE 26th Ct.
    Pompano Beach, FL 33064
    954-943-8721