SOURCE: Cyclone Power Technologies, Inc.

 

POMPANO BEACH, FL--(Marketwire - February 10, 2009) - Cyclone Power Technologies Inc. (PINKSHEETS: CYPW) has formed a separate division of its business dedicated to generating sales of its patent-pending Waste Heat Engine (WHE).

Operating under the name WHE/Generation, the Cyclone division will market and manufacture WHE systems for applications such as small-scale cogeneration, solar thermal electricity production, biomass combustion, and engines for auxiliary power units for trucks and RVs. Over the following months, WHE/Generation will launch a new consumer-oriented web site, and contract with manufacturers and installers to handle forecasted sales of these systems.

"Public response and interest in the WHE has been overwhelming," stated Frankie Fruge, COO of Cyclone. "We are -- or should I say, the WHE is -- finding many underserved niche markets that may provide substantial revenue opportunities for the company in 2009 and beyond."

For instance, the company will soon install the first beta WHE system at Bent Glass Design in Hatboro, PA. This system will harness waste heat from the customer's glass manufacturing furnaces, and is expected to produce enough electricity to light their 65,000 sq. ft. facility while providing a very attractive two to three-year payback. This type of money-saving, resource-conserving option has not traditionally been available to tens of thousands of small industrial facilities which produce low and medium quality waste heat insufficient to run large turbine systems.

"With the demand for energy efficiency on the rise, spurred on by federal and state incentives, the WHE can provide cost-effective green solutions to factories, foundries, restaurants, dry cleaners and other heat producing locations everywhere," added Ms. Fruge.

The compact, lightweight WHE is a six-cylinder steam engine capable of running on waste heat as low as 225 degreesF and pressure as low as 25 psi. The engine achieves maximum efficiencies at about 600°F and steam pressure of 200 psi, at which point one WHE can generate about 16 HP, 30 ft. lbs of torque, and a little over 10 kW of electrical output. Due to its patent-pending valve mechanism and radial spider bearings, which allow for efficient piston movement, the WHE will self-start immediately upon the introduction of steam to the cylinders. This makes the engine ideally suited for passive or secondary energy production like cogeneration or solar thermal applications.

Cyclone's business model is research, development and licensing of its award-wining external combustion engine technology, of which the WHE is the first anticipated to be placed into commercial production. The goal of the WHE/Generation division is to expand Cyclone's potential revenue streams by building business-to-business and business-to-consumer sales models.

Commercial customers interested in participating in beta cogeneration installations of the WHE system should contact the company at info@cyclonepower.com.

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 portable 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

Certain statements in this news release may contain forward-looking information within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934, and are subject to the safe harbor created by those rules. All statements, other than statements of fact, included in this release, including, without limitation, statements regarding potential future plans and objectives of the company, are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. The company cautions that these forward-looking statements are further qualified by other factors. The company undertakes no obligation to publicly update or revise any statements in this release, whether as a result of new information, future events or otherwise.