Cyclone Power Technologies’ Form 10 Registration Statement Clears SEC Comments
POMPANO BEACH, Fla.--(BUSINESS WIRE)-- Cyclone Power Technologies (OTCQB: CYPW), developer of the all-fuel, clean-tech Cyclone Engine, today announced that it has cleared comments issued by the Securities and Exchange Commission on the Company’s Form 10 registration statement, originally filed in July 2011. This action marks the final gating factor in Cyclone’s path to becoming a fully-reporting company under SEC rules and regulations.
Christopher Nelson, Cyclone’s President, commented: “We’re extremely pleased to complete this arduous review process. Now that we’re fully-reporting and trading on the OTCQB, we believe we’ll be able to increase Cyclone’s visibility in the global capital markets, and provide a higher level of comfort for current and prospective strategic partners. This is already beginning to result in exciting new opportunities for Cyclone. Of course, however, our focus continues to be bringing our engine technology to market and generating sustainable revenue from operations, which we anticipate in 2012.”
No shares of Cyclone’s stock were registered for sale under this Form 10 registration statement.
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 at 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.
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