Published:
Cyberlux Receives Additional Multi-Million Dollar Commitment from USAF Totaling $2.2M for Portable Illumination Systems
RESEARCH TRIANGLE PARK, N.C., May 12 /PRNewswire-FirstCall/ -- Cyberlux
Corporation, (OTC Bulletin Board: CYBL), a leading provider of LED lighting
solutions, announced today that the Company has received the next in a series
of multi-million dollar commitments from the United States Air Force (USAF).
The new commitment represents an additional 50 WatchDog Visible and Covert
Portable Illumination Systems, an additional 30 BrightEye Dual Lighthead
Portable Illumination Systems and 40 BrightEye 4M Tower Portable Illumination
Systems. This USAF order for Cyberlux tactical lighting equipment equates to
$2,189,245 in revenue, including spares and maintenance supplies. The Company
projects that with aggregate USAF orders of over $5.5 million, operations will
be profitable upon fulfillment of these orders.
The 2008 Department of Defense Appropriations legislation allocates $8.0
million for the equipping of the USAF with Cyberlux Portable Illumination
Systems. As part of this $8.0 million budget, the USAF Air Mobility Command is
fulfilling the requirements of the Logistics, Operations, Installation and
Mission Support commands for the BrightEye and WatchDog systems. The remaining
$2.5 million in appropriations will be allocated within other USAF commands
during Fiscal Year 2008 which ends September 30th.
"This opportunity, combined with the $3.3 million commitment previously
announced, not only solidifies our position as the portable solid-state
lighting solution within the military, but also represents the remaining
revenue component required to drive our company to profitability and
sustainability. As an organization, we are not only pleased that our military
success has enhanced our overall value as a company, but we are equally
confident that these momentous milestones will reward our loyal stakeholders
as well," said Mark Schmidt, president and chief operating officer for
Cyberlux. "Cyberlux is a leader in solid-state lighting innovation. Our
Portable Illumination Systems are engineered to provide the U.S. Armed
Services with next generation tactical lighting capability. The commitment
from the USAF will begin the deployment of new lighting technology within the
most heavily engaged Air Force commands, but this is just the start of a
longer-term lighting technology transition from incandescent-based lighting to
solid-state lighting which solidly positions Cyberlux for inclusion in the
Fiscal Year 2009 budget and beyond. We've been pursuing this market for the
last several years, and we are excited to be selected by the USAF to lead this
technology transition. We look forward to deploying visible and covert
lighting solutions throughout the U.S. Armed Services, the National Guard and
the Department of Homeland Security."
The BrightEye Portable Illumination System family is 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, light-weight Li-On battery power, all contained in an
easily transportable wheeled case, the BrightEye system is capable of
eliminating the space-consuming bulk, noise and energy consumption of the
current generator-powered incandescent lighting systems. Unique to the
marketplace, the BrightEye system provides both white and night-vision
compatible covert lighting, a capability not available in traditional lighting
systems.
In September 2007, the USAF Expeditionary Center Air Mobility Battlelab
(AMB), an organization that explores high-payoff concepts, technologies and
tactics to advance the capabilities of Rapid Global Mobility and Agile Combat
Support, announced the successful completion of the BrightEye Portable
Illumination System's evaluation period
(http://www.amc.af.mil/news/story.asp?id=123069485). The Air Mobility Command
expeditionary subject-matter experts evaluated the BrightEye System's
capabilities and determined that the BrightEye System weighs 94% less than
their current diesel-powered incandescent lighting systems, saves an estimated
63% in daily operating costs and is 97% smaller in footprint. In addition,
the AMB concluded that the BrightEye System provides versatile and economical
tactical lighting capability as required by expeditionary forces across all
U.S. armed services.
The BrightEye Systems are available through the General Services
Administration (GSA) Federal Supply Schedule 56 for Specialty Lighting
products under Cyberlux GSA Contract GS-07F-9409S.
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 financing
concurrent with the Company's growth. 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-KSB for the year ended December 31, 2007. 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
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