Monday, October 04, 2021 5:04:07 PM
Cyberlux Corporation Issues Monthly Recap with Key Accomplishments for the month of September 2021
Press Release | 10/04/2021
October 4, 2021
OTC Disclosure & News Service
Durham, NC —
This release includes additional documents. Select the link(s) below to view.
PRESS RELEASE_CYBL September MONTHLY RECAP 10.04.2021.pdf
Company provides Shareholders and Investors with key updates and milestones that were achieved during September 2021
RESEARCH TRIANGLE PARK, N.C. (October 4, 2021) Today, Cyberlux Corporation, (OTC Bulletin Board: CYBL), a leading provider of LED lighting, renewable energy, and advanced unmanned aircraft systems
(UAS) technology solutions, provided an update on the Companys key accomplishments during the month of September 2021.
Cyberlux Corporation CEO Mark Schmidt stated:
Dear CYBL Community, September was another great month by all measures. Heres a quick recap of what transpired:
We gained full compliance with all the OTC Markets Pink requirements through our Disclosure statements and Financial filings and achieved
the Pink Current Information status as of September 14, 2021.
We met both the OTC Markets and the SEC deadlines to operate and trade on OTC Markets.
We also eliminated the shell company indicator based on our Q2 business results.
We announced Mr. Larson Isely as Cyberlux Executive Vice President
and General Manager of our FlightEye Drone Solution business unit.
Mr. Isely is a Guidance Systems Expert and Consulting Scientist
retained by major Aerospace & Defense firms.
He has held IBM Executive Leadership positions spanning decades including VP of Engineering and Operations. Most recently,
Mr. Isely was an Executive Management Consultant responsible for
Fortune 50 Big Data Architecture and Deployment.
We introduced our FlightGDN platform, a global UAS capabilities framework to harness the future of UAS capabilities.
FlightGDN is a proprietary technology platform to support compact,
next-generation military-grade UAS products and UAS solution packages.
Encompassing both proprietary Cyberlux and third-party technologies, including LED lighting,
infrared night vision capability, thermal sensor technology,
eye-in-the-sky monitoring capabilities,
LiDAR mapping and advanced VR/AR perception technologies,
the FlightGDN platform will provide a seamless, scalable UAS solution for both military and commercial UAS command and control operations.
We were honored to be recognized by Yahoo Finance as one of the 10 Best Micro-cap Stocks to Invest in:
Quick update: In case you missed this, we are honored to be recognized by Yahoo Finance. Thank you CYBL Community!#WeLoveOurShareholders #Growth #LetsGohttps://t.co/wSVORf2FmM
— Cyberlux Corporation - $CYBL (@CyberluxC) September 24, 2021
We detailed the recent acquisition of the stealth works CTMC Drone Solutions,
LLC as the Cyberlux drone technology platform.
The transaction was comprised of shares of common stock,
cashless warrants that execute at certain price targets,
and cash payments over a three-year earnout period,
with additional incentives for revenue growth levels and technology development milestones.
This acquisition framework will be the basis for future transactions
as well. Here is the structure:
Payout Price Point Aggregate Value
10 million shares at $0.02 $ 200,000 issuance of common stock
10 million shares at $0.05 $ 500,000 in warrants
13 million shares at $0.10 $1,300,000 in warrants
___________
33 million shares $2,000,000
Cash $ 275,000
-----------------
$2,275,000
We announced our Channel Delivery Partnership with Strike Group,
LLC (http://www.strikegroup.org) to drive the adoption, contracting and revenue
of the FlightEye Drone Solutions products and the Cyberlux Infrastructure products including LED street lighting
and solar power solutions.
Strike Group, LLC, is a world leader in sustainment logistics, infrastructure delivery, and material sourcing for U.S. Agencies,
the Department of Defense, and the commercial contracting marketplace, with expertise in distribution, logistics and infrastructure delivery.
Since 1998, Strike Group has been an L-3 Integrated Systems Group partner and has helped deliver aircraft modernization and mission systems integration to mission-critical locations around the world.
Strike Group manages world-wide logistics programs for the U.S. Marine Corps,
supports FAA airport runway lighting expansion programs,
and provides platform integration and building infrastructure supply
and services for Federal Agencies and commercial projects.
Strike Group has office locations in Detroit, MI; Chicago, IL; Indianapolis, IN;
Las Vegas, NV;
St. Louis, MO;
Arlington, VA, Norfolk, VA; San Diego, CA and Bremerton, WA.
We issued a series of Q3 updates at the end of September. Our Team had a very busy Q3!
We had a great Q3 with over $2M in revenue, beating our expectations
by over $500K. We will be reporting our business results in our Q3 filings with OTC Markets.
Business Update 3: We expect to post just over $2M in revenue for Q3, about $500K over what we expected. We are fully on track for the forecast of $5M in revenue this year, with upside still in 2021 and exciting growth in 2022.
— Cyberlux Corporation - $CYBL (@CyberluxC) September 30, 2021
We have finalized the 2nd acquisition which gives access to new markets in both the U.S. and Europe.
We will be announcing this in detail this week.
Business Update 1: We have finalized the 2nd acquisition as of late Wednesday night. This will be a transformational addition to the Company providing access to new U.S. markets & bringing existing European operation to our expansion. We will formally announce details next week.
— Cyberlux Corporation - $CYBL (@CyberluxC) October 1, 2021
Our strategic roadmap is evolving quickly with new input from a large strategic partner! More on the roadmap in the upcoming IR deck.
Business Update 4: The IR deck is being updated with a large strategic partner’s input we received today & final Q3 results. This is taking more time but business is moving very fast & we are reflecting the strategic roadmap as quickly as possible. We expect to publish next week.
— Cyberlux Corporation - $CYBL (@CyberluxC) September 30, 2021
We launched our refreshed website on September 30, 2021 as committed.
Business Update 5: As you know we are launching the refreshed website today and you can expect this to be continuously updated as we go forward. These are exciting times and we are just getting started!
— Cyberlux Corporation - $CYBL (@CyberluxC) September 30, 2021
We reached a term sheet agreement with our 3rd Cyberlux platform acquisition and expect this to close by the end of October.
Business Update 2: We reached a term sheet agreement on Tuesday with our 3rd acquisition and expect this to close this by the end of October. This will be another transformative addition to the Cyberlux platform and we are very excited to share more on this as soon as possible.
— Cyberlux Corporation - $CYBL (@CyberluxC) October 1, 2021
We will soon be announcing the addition of high-level personnel who have significant reach within the U.S. agencies and will drive Unmanned Aircraft Systems business.
Business Update 3: To cap off a busy week, we will soon be announcing some additional high-level personnel who will bring significant U.S. government reach to Cyberlux to drive our U.S. agency growth, with a focused on the Unmanned Aircraft Systems market.
— Cyberlux Corporation - $CYBL (@CyberluxC) October 1, 2021
We continue to execute the Companys Operation Alpha growth plan,
which has three top priorities:
(1) drive growth through aggressive business development, acquisitions and joint ventures;
(2) address core target markets with DoD products, new specialty technology capabilities, solar and renewables, and with emerging infrastructure projects; and
(3) gain immediate business velocity by achieving OTC Pink Current Information status, continuing to build out the Companys organization, focusing on the new business and the new product pipeline, accelerating the South American projects and driving on our strategic IP development.
We had a great September and would like to again thank the CYBL team
for their dedicated hard work surrounding the FlightEye Drone Solutions business,
the Strike Group channel partnership, our 2nd and 3rd acquisitions,
the revenue growth in Q3, and the launching of website refresh,
among many other accomplishments across the organization. We also appreciate the constant engagement required to provide our
shareholders with the best investor relations support possible.
About Cyberlux Corporation
Cyberlux Corporation (OTC Bulletin Board: CYBL), a leader in
solid-state lighting innovation,
has developed breakthrough LED lighting, energy efficiency technology and advanced unmanned aircraft systems (UAS) technology solutions, available today in U.S. government agencies, commercial markets and international opportunities.
For more information, please visit http://www.cyberlux.com. For investor information, please contact: ir_cybl@cyberlux.com
SAFE HARBOR STATEMENT
This press release contains forward-looking statements that can be identified by terminology such as "believes," "expects," "potential," "plans," "suggests," "may," "should," "could," "intends," or similar expressions. Many forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results to be materially different from any future results implied by such statements. These factors include, but are not limited to, our ability to continue to enhance our products and systems to address industry changes, our ability to expand our customer base and retain existing customers, our ability to effectively compete in our market segment, the lack of public information on our company, our ability to raise sufficient capital to fund our business operations, our ability to continue as a going concern, and a limited public market for our common stock, among other risks. Many factors are difficult to predict accurately and are generally beyond the company's control. Forward-looking statements speak only as to the date they are made, and we do not undertake to update forward-looking statements to reflect circumstances or events that occur after the date the forward-looking statements are made.
SOURCE: Cyberlux Corporation
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