Press Release |
Cyberlux Fulfills First $340,000 Shipment of Its $3.4 Million National Guard Bureau Contract
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Company Ships First 20 BrightEye Systems and Records Revenue for July 2010 RESEARCH TRIANGLE PARK, N.C.--(Business Wire)-- Cyberlux Corporation, (OTC Bulletin Board: CYBLD), aleading provider of LED lighting solutions, announced today that the Company has produced and shipped the first $340,000 of the $3.4 million order awarded to Cyberlux by the National Guard. Recently, the National Guard Bureau purchased 200 BrightEye Dual Head Tactical Lighting Systems, and Cyberlux has now delivered the first 20 Systems. "While this $3.4 million contract is a significant milestone for the Cyberlux organization, we are focused on fulfilling the entire contract for 200 Systems and delivering on the entire $3.4 million order. This first shipment of 20 Systems is important and we have recorded $340,000 in revenue in July, the highest revenue month in Company`s history. The next 30 Systems are already in process and we expect to ship those Systems, and the next $510,000 in revenue, within the next several weeks. We intend to update Shareholders monthly on our shipments and our progress in fulfilling this contract," said Mark Schmidt, CEO of Cyberlux Corporation. "We appreciate and understand that our shareholders have questions regarding the largest contract the Company has ever secured and the recent restructuring actions the Company has undertaken. Please contact us with any questions you may have or clarifications we can provide," 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 (OTC Bulletin Board: CYBLD), 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. Investor Contact: Richard Brown, email@example.com / 617-314-7379 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, 2009and its 10-Qfor 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 Corporation Investor Contact: Richard Brown, 617-314-7379 firstname.lastname@example.org Copyright Business Wire 2010