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Global Manufacturing Leader Signs Letter of Understanding to Build Clean, Steam Engines for Cyclone Power Technologies

^{Published on 2011-03-08 12:10:26 - Market Wire}
 

POMPANO BEACH, Fla.--([ BUSINESS WIRE ])--[ Cyclone Power Technologies Inc. ] (Pink Sheets: CYPW) has entered into a Letter of Understanding with [ TopLine Energy Systems ], LLC, a licensee of global manufacturing leader [ TopLine Automotive Engineering ], Inc. to build Cyclonea™s award-winning external combustion engines.

"We have been following the remarkable progress of Cyclone for over two-years now, and we determined that the time is right to throw our hat into the ring"

Under the terms of this preliminary agreement, TopLine Energy will provide assistance with engineering and planning of Cyclonea™s WHE-25 model engines, and manufacture pre-production prototypes of these units starting immediately. Given the acceptable completion and review of this first stage, TopLine Energy will position itself as the aPreferred Manufacturera for Cyclonea™s operating subsidiary Cyclone-WHE LLC, for mass production of these engines. Initial planned uses for the Cyclone WHE-25 range from industrial and vehicular waste heat recovery, to power generation from waste fuels such as used motor oil, to other similar renewable power applications.

aThis is a monumental arrangement for Cyclone,a stated the companya™s CEO, Harry Schoell. aBy TopLine providing its vast experience, facilities and resources to further the development of our technology, we can expect a more robust, durable engine with an expedited trajectory towards commercialization.a

TopLine Automotive, a 30+ year-old company, is currently one of the largest manufacturers of automotive after-market parts in the United States, supplying over 50% of the market. Headquartered in Chicago, IL, TopLine Automotive has operations throughout the world. TopLine Energya™s primary home is a new, state-of-the-art 300,000 sq. ft. facility in Brooksville, FL. This Florida plant, only a few hours from Cyclone, is dedicated to the development and production of distributed and alternative energy products like the Cyclone engine.

aWe have been following the remarkable progress of Cyclone for over two-years now, and we determined that the time is right to throw our hat into the ring,a stated TopLinea™s CEO, Chet Staron. aThis technology has the potential to be revolutionary, not only in renewable power systems, but also the transportation sector where our contacts run deep. We are very pleased to help Cyclone on their path to commercial success.a

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 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.