April 22, 2008 07:00 ET

Cyclone Power Technologies' Green Engine Generates Buzz at SAE World Congress

POMPANO BEACH, FL--(Marketwire - April 22, 2008) - Cyclone Power Technologies Inc. (PINKSHEETS: CYPW) announced the conclusion of a successful week at the Society of Automotive Engineering (SAE) World Congress in Detroit, one of the premier conferences of automotive engineers, executives and suppliers in the world.

"We had some very promising meetings with major automotive manufacturers, military defense contractors and other large potential licensees of our technology," stated Harry Schoell, CEO of Cyclone. "We are extremely encouraged by this response, as should our shareholders be, and hope to see the fruits of that interest soon."

Management's positive outlook was confirmed by Design News, the leading technical resource for design engineers, which stated that the "buzz" at the conference was over Cyclone's external combustion engine. A link to this April 17 article can be found on the company's web site at: http://www.cyclonepower.com/press.html.

Mr. Schoell was also featured on Detroit Channel 2 Fox News and, as previously announced, the company won the AEI Tech 2008 Award which is presented to companies at the SAE World Congress that demonstrate the most innovative products.

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. 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, 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 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.