$CYBL Catalyst Machineworks, LLC
On March 30, 2022, Cyberlux Corporation announced the Company acquired 100% of Catalyst Machineworks, LLC (CMW)
in a transaction comprised of both investment capital and a three year earn-out of shares of common stock with an expected
value between $0.05 and $0.25, with the cash component being paid out over an eighteen month investment cycle, including
certain equity incentives for continued revenue growth levels, technology and intellectual property development milestones,
worldwide customer acquisition objectives and FlightEye solutions implementation milestones over the next four years.
CMW brings to Cyberlux an entire UAS hardware technology platform, existing customers and incremental revenue. As a
result, the FlightEye Unmanned Aircraft Solutions business unit will deliver an expected annualized revenue of $22 million
USD with an expected growth to over $67 million by 2024. With the acquisition of CMW, Cyberlux is accelerating its UAS
strategy as the Company continues to build a higher growth business portfolio while focusing on the UAS hardware and
software offerings with immediate market scale. The Company is now positioned to build the future of UAS technology and
create enormous growth in revenue and profit over the coming years by providing solutions to the significant demand for
U.S.-manufactured, high-capability drones across U.S. government agencies, law enforcement, and in enormous markets
such as Cinematography, Oil and Gas, Construction and Real Estate. Cyberlux intends to make ongoing strategic
investments in UAS hardware and software development under the FlightEyeGDN platform, and make working capital
investments to drive faster global UAS business expansion.
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