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Cyclone Power Technologies Cancels Issuance of Additional Shares

November 14, 2012

POMPANO BEACH, FL--(Marketwire - Nov 14, 2012) - Cyclone Power Technologies Inc. (OTCQB: CYPW), developer of the all-fuel, clean-tech Cyclone Engine, has filed a request for withdrawal of its registration statement on Form S-1 covering up to 10 million shares of common stock and shares underlying 5 million warrants. The securities would have been issued to GEM Global Yield Fund (GGYF) pursuant to an offering whereby GGYF would purchase up to $2.5 million in stock from Cyclone at a 10% discount to market over the following 24 months.

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