Cyberlux Enters into $3.4 Million Contract with National Guard Bureau for 200 BrightEye Dual Lighthead Tactical Illumination Systems Purchase
Company Also Announces 200:1 Split Effective July 28, 2010
RESEARCH TRIANGLE PARK, N.C.--(BUSINESS WIRE)--Cyberlux Corporation, (OTC Bulletin Board: CYBL), a leading provider of LED lighting solutions, announced today that the National Guard has purchased two-hundred Dual Head BrightEye Tactical Lighting Systems to be immediately deployed throughout the United States.
The Cyberlux BrightEye has long been recognized as an innovative and dependable LED lighting solution within the various branches of the military because of the qualities it possesses that are unavailable in traditional lighting systems. Unique to the marketplace, the BrightEye Systems provide broad area visible white lighting and night-vision compatible IR lighting capable of operating all night on an advanced battery power system.
“Needless to say, we could not be more excited that the National Guard Bureau has chosen to purchase 200 of our Dual Head BrightEye systems for their tactical lighting requirements and we have already begun shipping systems. We intend on fulfilling this order flawlessly, as this level of exposure within the National Guard should allow us additional opportunities of the same magnitude throughout the military and governmental channels,” said Mark Schmidt, CEO of Cyberlux Corporation. “Equally as exciting, with the significant cost savings Cyberlux has implemented over the last 18-24 months, this purchase order provides our company the cash flow to effectively continue the reorganization efforts we began last year. While never an easy decision, the restructuring of our outstanding share count is required for all our efforts to be realized not only internally but externally to the benefit of our shareholders. Having our overall business model begin to take shape, specifically with our military channel now producing sizable results, we remain excited about the future,” added Schmidt.
The Cyberlux Tactical Illumination Systems are designed as highly portable, visible illumination systems with night-vision compatibility for mission-critical tactical lighting where rapid deployment and high-intensity lighting capability are required. Using advanced optics, advanced solid-state lighting technology and light-weight advanced battery power, all contained in easily transportable wheeled cases, the Cyberlux Tactical Lighting Systems provide broad area visible white lighting and night-vision compatible IR lighting capable of operating all night, with is unavailable in traditional lighting systems.
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. For more information, please visit www.cyberlux.com.
Investor Contact:
Richard Brown, rbrown@cyberlux.com / 617-314-7379
