Cyberlux Books $510,000 in Revenue by Fulfilling Next Shipment of the $3.4 Million National Guard Bureau Contract
16 8월 2010 - 10:00PM
Business Wire
Cyberlux Corporation (OTCBB: CYBL), a leading provider of LED
lighting solutions, announced today that the Company has produced
and shipped the next thirty BrightEye Systems of the $3.4 million
order awarded to Cyberlux by the National Guard in June 2010. The
execution of this order represents $510,000 in revenue, or $850,000
of total booked revenue in the last sixty days.
“We have successfully delivered roughly one-quarter of this
contract and anticipate completing the delivery by fourth quarter
2010,” said Mark Schmidt, chief executive officer of Cyberlux
Corporation. “We are excited to be on track with the fulfillment of
this National Guard order, as well as the revenue growth associated
with this opportunity. We understand the importance of this
contract and plan to fully utilize the opportunity to expand our
business. We have had back-to-back record revenue months that have
afforded us sustainable, non-dilutive working capital to fulfill
this contract and others. While simultaneously completing this
contract and having our business development division secure new
business, we are achieving the goal of creating a diverse business
model capable of delivering for its client base. As we have stated
previously, we understand the amount of work left to go if we want
our company to be successful. The stringent internal guidelines
we’ve implemented are delivering the results that we knew would be
achieved if adhered to properly,” added Schmidt.
The BrightEye Tactical Illumination Systems are innovative LED
lighting products designed as highly dependable, portable visible
and covert illumination systems, with night-vision capability for
mission-critical tactical lighting. Unique to the marketplace, the
BrightEye Tactical Lighting Systems provide broad area visible
white lighting and night-vision compatible IR lighting capable of
operating all night, which is unavailable in traditional lighting
systems. When rapid deployment and high-intensity lighting
capability are required, the BrightEye systems deliver
best-in-class performance using advanced optics, advanced
solid-state lighting technology and light-weight advanced battery
power, all contained in easily transportable wheeled case.
About Cyberlux
Corporation
Cyberlux Corporation (OTCBB: CYBL), a leader in solid-state
lighting innovation, has developed breakthrough LED lighting
technology that provides the most energy efficient and cost
effective portable lighting solutions available today for military
and commercial uses. For more information, please visit
www.cyberlux.com.
This news release contains forward-looking statements. Actual
results could vary materially from those expected due to a variety
of risk factors, including, but not limited to, the Company’s
ability to expand its production capabilities concurrent with
product orders. The Company’s business is subject to significant
risks and uncertainties discussed more thoroughly in Cyberlux
Corporation's SEC filings, including but not limited to, its report
on Form 10-KSB for the year ended December 31, 2009 and its 10-Q
for the quarter ended March 31, 2010. The Company undertakes no
obligation to publicly release the result of any revisions to these
forward-looking statements, which may be made to reflect events or
circumstances after the date hereof or to reflect the occurrence of
unanticipated events.
Cyberlux (PK) (USOTC:CYBL)
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Cyberlux (PK) (USOTC:CYBL)
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