CYBL (.011) Cyberlux Corporation Records Highest Ever Revenue Week with National Guard Shipments
Thursday, June 26 2008 10:55 AM, EST
PR Newswire "US Press Releases "
RESEARCH TRIANGLE PARK, N.C., June 26 /PRNewswire-FirstCall/ -- Cyberlux Corporation (OTC Bulletin Board: CYBL) announced today that the Company posted record revenues of $137,284 for the week ending June 20, 2008 . The Company produced and shipped BrightEye Dual Lighthead System orders in record time for immediate deployment to Iraq with National Guard units from New York , Indiana and Minnesota . In addition, the Company verified that its production and distribution processes will support the output needed to fulfill the United States Air Force production requirements.
Over the last year, Cyberlux has supplied BrightEye systems to state-level National Guard and Air National Guard units, generating $650,000 in revenue thus far in 2008. The National Guard and Air National Guard revenue is incremental to the 2008 Department of Defense Appropriations legislation that allocates $8.0 million for the equipping of the United States Air Force with Cyberlux Portable Illumination Systems.
"We are excited to achieve this new revenue milestone as we scale the Company's operations to meet the growing demand for our Portable Illumination Systems within the U.S. Armed Services, including the National Guard and Air National Guard . As the use of our BrightEye systems continues to expand across the state-level National Guard and Air National Guard units, our position as the leading provider of portable solid-state LED lighting solutions is solidified," said Mark Schmidt, president and chief operating officer for Cyberlux. "Satisfying these orders is the next step in deploying our BrightEye tactical lighting solutions within the National and Air National Guard's operations, but this is truly just the beginning of a longer-term lighting technology transition from incandescent-based lighting to solid-state LED lighting within the U.S. Armed Services. With the fulfillment of these initial BrightEye system orders, there are still more than 40 additional states that have requirements for light-weight, rapidly deployable lighting systems."
The Cyberlux Portable Illumination System products are designed as visible and night-vision compatible illumination systems for general mission tactical lighting, force protection, maintenance lighting, expeditionary base protection, disaster first responders, and other rapidly deployable high-intensity lighting applications. Using advanced optics, advanced solid-state lighting technology and light-weight Li-On battery power, all contained in an easily transportable wheeled case, the Cyberlux tactical lighting systems are capable of eliminating the space-consuming bulk, noise and energy consumption of the current generator-powered incandescent lighting systems. Unique to the marketplace, the Cyberlux Portable Illumination Systems provides both white and night-vision compatible covert lighting, a capability not available in traditional lighting systems.
The Cyberlux Portable Illumination System products are available through the General Services Administration (GSA) Federal Supply Schedule 56 for Specialty Lighting products under Cyberlux GSA Contract GS-07F-9409S. In addition, Cyberlux Portable Illumination Systems have National Stocking Number designations which make these products available to all purchasing organizations within the U.S. government as well as the global military community.
About Cyberlux Corporation
Cyberlux Corporation (OTC Bulletin Board: 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. The Military and Homeland Security products provide tactical covert and visible lighting capability and are designed as highly mobile, battery-powered lighting systems ideal for threat detection, force and asset protection and general expeditionary lighting needs. 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-K for the year ended December 31, 2007 and its 10-Q for the quarter ended March 31, 2008 . 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.
SOURCE Cyberlux Corporation
