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Cyberlux Receives Additional Multi-Million Dollar Commitment from USAF Totaling $2.2M for Portable Illumination Systems
May 12, 2008 (08:05 AM EDT)
RESEARCH TRIANGLE PARK, N.C., May 12 /PRNewswire-FirstCall/ -- Cyberlux Corporation, , 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 www.cyberlux.com , 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 .
Richard Brown, firstname.lastname@example.org / 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.
CONTACT: Investor Contact: Richard Brown, +1-617-314-7379, email@example.com
Web site: http://www.cyberlux.com/