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Cyclone Power Technologies Participates in House Armed Services Roundtable to Assist Small Businesses

Dépèche transmise le 22 février 2012 par Business Wire

Cyclone Power Technologies Participates in House Armed Services Roundtable to Assist Small Businesses

POMPANO BEACH, Fla.--(BUSINESS WIRE)--Cyclone Power Technologies Inc. (OTCQB: CYPW), developer of the all-fuel, clean-tech Cyclone Engine, participated yesterday in a select roundtable discussion of the House Armed Services Committee (HASC) Panel on Business Challenges within the Defense Industry. The event was hosted on the campus of Florida Atlantic University by Rep. Allen B. West (R-FL), Rep. Bill Schuster (R-PA), the Chairman of the HASC Panel, and Rep. Sam Graves (R-MO), the Chairman of the House Committee on Small Business.

“Small businesses are the engine for economic growth and job creation”

Congressman West organized the event to discuss contracting and regulatory issues facing companies working with the Department of Defense, including ways to reduce bureaucratic obstacles and barriers to entry for firms like Cyclone. Approximately 50 executives from small, medium and large defense contractors participated in the discussion, including Lockheed Martin, Sikorsky and Pratt & Whitney/Rocketdyne.

"Small businesses are the engine for economic growth and job creation," stated Congressman West. "We need to make it less complicated for innovative companies like Cyclone Power to work with the largest federal contracting agency, the Department of Defense. By streamlining and reducing waste in government, we can also promote business and help supply our fighting forces with technology that makes them faster, stronger and more productive."

Christopher Nelson, President of Cyclone, commented, “As a small company that recently acquired a prime contract with the Army, and that sees substantial future opportunities to supply technology to all branches of defense, we applaud efforts on Capitol Hill to reduce administrative burdens in the contracting process. This roundtable gave us an opportunity to address some of our specific concerns to leaders who can make a difference. We thank Congressmen West, Schuster and Graves for hosting this very productive and important event."

About Cyclone Power Technologies

Cyclone Power Technologies is the developer of the award-winning Cyclone Engine – an all-fuel, clean-tech engine with the power and versatility to run everything from waste energy electric generators and solar thermal systems to cars, trucks and locomotives. Invented by company founder and CEO Harry Schoell, the patented Cyclone Engine is an eco-friendly external combustion 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. 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 named Environmental Business of the Year by the Broward County Environmental Protection Department. For more information, visit www.cyclonepower.com.

Follow Cyclone on Facebook: http://www.facebook.com/CyclonePowerTechnologies

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.