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Cyclone Power Technologies and Phoenix Power Group Announce Launch of Waste Oil Power Generator

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^{Published in Science and Technology on Monday, November 15th 2010 at 7:10 GMT by Market Wire}  

POMPANO BEACH, Fla.--([ BUSINESS WIRE ])--[ Cyclone Power Technologies ] (Pink Sheets: CYPW) and its licensee [ Phoenix Power Group ] (PPG) will launch the first ever small-scale waste oil power generator at the Power-Gen International 2010 conference. Cyclone and PPG will be accompanied at the show by master product distributor [ Clean Burn ], the world leader in waste oil furnaces and boilers.

"We see enormous potential for this product, with forecasted sales in the first two years following our completed beta tests exceeding $20,000,000"

The aPhoenix 10a prototype to be unveiled at Power-Gen in Orlando, December 14-16, is powered by Cyclonea™s WHE-25 engine, a compact, scalable waste heat engine. The patented, renewable power system is expected to be in limited commercial production in early 2011, and will allow thousands of oil change service centers and other waste oil producing locations to recycle their waste motor oil in an environmentally-friendly and profitable manner by producing up to 10kW of electricity.

aWe see enormous potential for this product, with forecasted sales in the first two years following our completed beta tests exceeding $20,000,000,a stated Thomas V. Thillen, President of PPG. aThis is a renewable power generator that will match the waste oil disposal requirements of the vast majority of automotive service centers and lube shops throughout the world, and provide them with an immediate revenue producing opportunity.a

aWe have an enormous amount of confidence in Phoenix and Clean Burn to roll-out this product successfully in 2011,a stated Cyclonea™s Executive VP, Christopher Nelson. aThe opportunity that this team of proven professionals presents for Cyclone and its shareholders is very large and very real.a

Waste motor oil is a major source of contamination of waterways that can result in the toxic pollution of drinking water. According to the U.S. Environmental Protection Agency, waste oil from one oil change can contaminate 1 million gallons of fresh water. The Phoenix 10 presents a true economic incentive for users of motor oil to dispose of their waste in an environmentally friendly manner.

CORPORATE PROFILE

Cyclone Power Technologies is the developer of the award-winning [ Cyclone Engine ]a" 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 Engineersa™ 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.