Cyclone Power Successfully Completes First Stage of Robotic Technology Project

POMPANO BEACH, Fla.--(BUSINESS WIRE)--Cyclone Power Technologies Inc. (Pink Sheets:CYPW) announced today that it has completed the first stage of its project with Robotic Technology Inc. (RTI), of Potomac, MD, to develop a beta biomass engine system used to power RTI’s Energetically Autonomous Tactical Robot (EATR™). This is a Phase II SBIR project sponsored by the Defense Advanced Research Projects Agency (DARPA), Defense Sciences Office.

“Cyclone’s technology is ideal for our robotic vehicle to perform a wide range of either military or civilian tasks. The potential commercial applications are enormous for biomass-powered equipment and vehicles.”

In this first stage Cyclone successfully coupled its proprietary steam generator with a compact biomass furnace to be used with the prototype EATR, and produced sufficient steam to power Cyclone’s six-cylinder, 16HP Waste Heat Engine (WHE). With the completion of this stage, RTI has paid Cyclone a total of $50,000 in development fees. Cyclone will now proceed to attaching the WHE to this heat source and commence system performance testing with the goal of delivering a complete beta system to RTI in the next 90 days.

RTI’s EATR is an autonomous robotic platform able to perform long-range, long-endurance military missions without the need for manual or conventional re-fueling. The patent pending robotic system can find, ingest and extract energy from biomass in the environment, as well as use conventional and alternative fuels (such as gasoline, diesel, propane and solar) when suitable.

“We are excited and encouraged by Cyclone’s progress,” stated Dr. Robert Finkelstein, President of RTI. “Cyclone’s technology is ideal for our robotic vehicle to perform a wide range of either military or civilian tasks. The potential commercial applications are enormous for biomass-powered equipment and vehicles.”

CORPORATE PROFILE

Cyclone Power Technologies is the developer of the award-winning Cyclone Engine – 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 Engineers’ 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.

Robotic Technology Incorporated (RTI), a Maryland, U.S.A. corporation chartered in 1985, provides systems and services in the fields of intelligent systems, robotic vehicles (including unmanned ground, air, and sea vehicles), robotics and automation, weapons systems, intelligent control systems, intelligent transportation systems, intelligent manufacturing, and other advanced technology for government, industry, and not-for-profit clients. Please visit www.robotictechnologyinc.com for more information.

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.