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Technology | Intellectual Properties | Jan 07, 2010 Cyberlux Resolves Litigation with the NIR Group, Ltd.
Cyberlux Corporation, (OTC Bulletin Board: CYBL), a leading provider of LED lighting solutions, announced today that the company has reached a resolution of its litigation with the NIR Group, Ltd. and its affiliates.
Mark Schmidt, Chief Executive Officer of Cyberlux, stated, “We are pleased to conclude the litigation. Cyberlux will now be able to devote its full resources to developing and marketing its state-of-the-art lighting solutions.”
Corey Ribotsky, Chairman of the NIR Group, stated, “Litigation is a last resort for our family of funds. We are encouraged by the progress that Mr. Schmidt and the Cyberlux team have made and we support their efforts to develop Cyberlux’s business.”
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