Cyberlux Fulfills First $340,000 Shipment of Its $3.4 Million National Guard Bureau Contract
July 30 2010 - 12:03PM
Business Wire
Cyberlux Corporation, (OTC Bulletin Board: CYBLD), a leading
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, rbrown@cyberlux.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, 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.
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