November 26, 2007 16:15 ET

Cyclone Power Technologies Signs License to Manufacture Clean Green Lawn Equipment

POMPANO BEACH, FL--(Marketwire - November 26, 2007) - Cyclone Power Technologies, Inc. (PINKSHEETS: CYPW) announced today that it has entered into a License Agreement with Revgine, Inc., a technology development company based outside of Rochester, NY.

Under the terms of the license, Revgine has been granted the right to develop, manufacture and sell engines utilizing Cyclone's patented technology for use in lawn and garden equipment, such as lawn mowers, weed eaters, leaf blowers, snow blowers and chain saws. For these worldwide rights, Revgine has paid Cyclone an initial "six-figure" license fee and will pay Cyclone ongoing royalties from future engine sales.

"This license marks an important milestone for Cyclone, in terms of both our financial and technological growth," stated CEO Harry Schoell. "We see Revgine as not only our licensee, but also our development partner. We believe that with their resources and expertise, we can bring our technology to market and hit our financial projections with greater certainty."

Revgine brings to the table important technical resources and talent, including access to a modern manufacturing facility, engineering expertise in applied sciences and engine development, mechanics and machinists with a proven track record of manufacturing complex systems for commercial use, and vast material sourcing contacts.

The Revgine license covers lawn and garden equipment, a market of over $10 billion in annual sales in the United States alone, with great relevance for our environment. The U.S. Environmental Protection Agency has found that the 54 million Americans mowing their lawns each weekend with gas-powered mowers may be contributing as much as five percent of the nation's air pollution, and some states like California have begun to outlaw traditional internal combustion engines in lawn equipment. The engines initially contemplated under the Revgine license will be clean, propane-powered and emit far fewer pollutants or toxins into the atmosphere.

"This is the right product at the right time," added Mr. Schoell. "Let's mow!"

CORPORATE PROFILE

Cyclone holds the U.S. patent, international patent applications, and exclusive commercial rights to the Green Revolution 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 Green Revolution 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 Green Revolution Engine in particular 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 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.