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Cyclone Power Technologies Brings on Business Development Veteran, Douglas Hutchinson, & Sets Goals for 2012 Corporate Expansion

Dépèche transmise le 25 janvier 2012 par Business Wire

Cyclone Power Technologies Brings on Business Development Veteran, Douglas Hutchinson, & Sets Goals for 2012 Corporate Expansion

POMPANO BEACH, Fla.--(BUSINESS WIRE)--Cyclone Power Technologies Inc. (OTCQB: CYPW), developer of the all-fuel, clean-tech Cyclone Engine, announced today that the Company has hired Douglas Hutchinson as its Vice President of Business Development. Alongside this strategic hire, the Company has chartered a path for rapid expansion in 2012.

“I’m pleased to be joining the Cyclone family. This unique engineering company already has the attention of major corporations that want to integrate Cyclone’s engine technology into their products”

Over his career, Mr. Hutchinson has been responsible for over $2 billion in sales and development projects, including working with GE Eco-Imagination, Jacobs Engineering, HHCP Architects and top research institutes such as Rice University. Mr. Hutchinson also has over four decades of experience in automotive fabrication and mechanical production.

To further its mission of integrating Cyclone engine technology into a variety of power generation and transportation applications, the Company has set an aggressive, yet attainable goal sheet for 2012. These goals include ramping-up engineering capabilities to complete another 20 to 30 prototype engines for sale to current and new customers, and commencing small-scale production of certain engine models. Mr. Hutchinson will be influential in assisting the Company in the securing and financing of a larger facility, completing alliances with new customers and manufacturers, and developing strategic plans to manage its projected growth.

“I’m pleased to be joining the Cyclone family. This unique engineering company already has the attention of major corporations that want to integrate Cyclone’s engine technology into their products,” stated Mr. Hutchinson. “It’s a very exciting time for Cyclone and I believe I can be instrumental not only in securing their participation, but also, in building the foundation for Cyclone to become the billion dollar company that its technology warrants.”

Christopher Nelson, Cyclone’s President, commented, “Doug brings a plethora of business development experience to Cyclone, which we feel can really take us to a higher level in terms of strategic partners, customers and order flow. We are absolutely delighted to have him on board, and look forward to working with him to achieve our 2012 goals for expansion.”

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

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.

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.