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Thursday, October 21, 2021

Cyberlux Corporation (OTC: CYBL) Strong Move Northbound as (DoD) Contractor Establishes Drone Business Unit FlightEye Drone Solutions & Forms Partnership with Strike Group, LLC

Cyberlux Corporation (OTC: CYBL) has made a powerful run up the charts in recent weeks since we first reported on it in July when it was under a penny to recent highs of $0.066. The stock has established itself as among the top most traded stocks in small caps with daily dollar volume regularly in the $10 to $20 million dollar range.  CYBL has emerged as an investor favorite and is among the most actively searched and talked about stocks in small caps. Currently under heavy accumulation CYBL is looking to blaze a path along the likes of Tesoro or Enzolytics – Tesoro went to multi dollars – CYBL is looking for a break over $0.066 and another blue-sky breakout. 

It’s easy to get excited about CYBL; an active Department of Defense (DoD) contractor providing leading-edge, battle-tested lighting solutions to the U.S. Air Force, National Guard, Special Operations Command (SOCOM), and the U.S. Army. Management has been hard at work getting their filings in order and recently went to “pink current” on OTCMarkets. Management has been working with the share structure and enacting a no reverse split policy as they move the AS from 20 billion down to 8.75 billion. The Company established its drone business unit, FlightEye Drone Solutions with the acquisition of CTMC Drone Solutions, LLC and formed a Channel Delivery Partnership with Strike Group, LLC a world leader in sustainment logistics, infrastructure delivery, and material sourcing for U.S. Agencies, the Department of Defense, and the commercial contracting marketplace, to drive the adoption, contracting and revenue of the FlightEye Drone Solutions products and the Cyberlux Infrastructure products including LED street lighting and solar power solutions. Microcapdaily first reported on CYBL on July 11 when the stock was trading for well under a penny. 

Corporation (OTC: CYBL) operating out of Research Triangle Park, North Carolina is a leader in solid-state lighting innovation tht has developed breakthrough LED lighting and energy efficiency technology, with solutions available today in U.S. government agencies, commercial markets and international opportunities. The Company provides unique solutions to the Department of Defense (DoD), Commercial channels and Design Services customers. Since 2006, Cyberlux has provided leading-edge, battle-tested lighting solutions to the U.S. Air Force, National Guard, Special Operations Command (SOCOM), and the U.S. Army.  As the Company’s primary channel, Cyberlux supplies the DoD with light-weight, portable battery-powered advanced LED lighting systems for special operators, forward-base operations, security and maintenance lighting. After early consumer product trials, the Company has focused on DoD lighting technology and serving the Military, First Responder and related Commercial markets, primarily with the BrightEye Tactical Lighting System products. The Company’s mission is to be the trusted provider of advanced lighting solutions to Commercial, Government and Military organizations worldwide. The Company had a governent contract in Durham, North Carolina that ended on March 31, 2021. CYBL owns a suite of patented products that can be seen here. 

On July 18 CYBL released its second quarter of 2021 results which showed a significant increase in revenue year-to-year and demonstrated that the Company is accomplishing its growth milestones as it continues to recover from the impact of the COVID shutdown during 2020. The Company is now accelerating its growth through existing business channels, access to new markets, and through a Company-wide focus on acquisitions and joint ventures. CYBL has now posted all amended filings to OTC Markets and sees OTC Current status as imminent. 

Revenues for the three months ended June 30, 2021 were $367,231 as compared to $ -0- for the same period last year due to the impact of the COVID shutdown. The Company recorded an income from operations of $591,868 for the six months ended June 30, 2021. Operating expenses for the three months ended June 30, 2021 were ($153,681) as compared to $17,887 for the same period ended June 30, 2020. Included in the three months ended June 30, 2021 were the write-off of old liabilities in the amount of $231,625. 

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In August the Company moved into the drone space with the acquisition of CTMC Drone Solutions, LLC to the Cyberlux business as its drone capability platform, including key technology assets and personnel resources, creating the foundation for the new Cyberlux drone business unit, FlightEye Drone Solutions. The new business unit, wholly-owned by Cyberlux Corporation, will focus on unmanned aircraft systems (UAS) including drone-related technology and intellectual property development, manufacturing, drone services, and government and commercial sales. Through this drone technology platform, Cyberlux Corporation intends to build the technology and production capability to create ongoing growth in revenue, profit, and shareholder value. Cyberlux anticipates making future cash investments for ongoing product development and working capital for business expansion. The specific terms of the deal are limited in disclosure until Cyberlux Corporation is fully Pink Current Information on the OTC Markets. 

Going forward, FlightEye Drone Solutions will leverage its core technology capability to provide compact, next-generation military-grade UAS products and drone solution packages built around proprietary Cyberlux LED lighting, infrared night vision capability, thermal sensor technology, eye-in-the-sky monitoring capabilities, and LiDAR mapping and perception technologies. The business unit is immediately focused on existing Department of Defense (DoD) requirements and existing Broad Area Announcement (BAA) research and development opportunities, including geofencing capabilities, observe and monitor alert systems, collision avoidance capabilities, beyond-line-of-sight operations, urban area operations, operating system support for multiple drone operation and traffic management, and other critical priorities such as weight optimization and energy efficiency. 

Defense, Space and Technology Industry expert Larson J. Isely is leading the Companys FlightEye Drone Solutions Division as Cyberlux Executive Vice President and General Manager of the Unmanned Aircraft Systems (UAS) business unit. Mr. Isely, one of the core technical contributors to the Cyberlux illumination patents and technology platform that underpins the Companys Department of Defense (DoD) products, is joining Cyberlux Corporation after 11 years as a technical executive and data scientist in the Technology and Financial industries.  

On September 24 CYBL announced the Company has formed a Channel Delivery Partnership with Strike Group, LLC to drive the adoption, contracting and revenue of the FlightEye Drone Solutions products and the Cyberlux Infrastructure products including LED street lighting and solar power solutions. Strike Group, LLC, is a world leader in sustainment logistics, infrastructure delivery, and material sourcing for U.S. Agencies, the Department of Defense, and the commercial contracting marketplace, with expertise in distribution, logistics and infrastructure delivery. Since 1998, Strike Group has been an L-3 Integrated Systems Group partner and has helped deliver aircraft modernization and mission systems integration to mission-critical locations around the world.  

Under the terms of the Agreement, Strike Group, LLC will provide marketing, sales, contracting and delivery support for the Cyberlux FlightEye Drone Solutions products and Infrastructure products, including both tactical and strategic contracting, access to senior government decision-makers in the emerging UAS (unmanned aircraft systems) marketplace, and access to specific U.S. agency requirements for ongoing Cyberlux technology and solution development. Strike Group will provide solution sales support for all U.S. governmental agencies, including expansion into new agencies currently not served by Cyberlux products.  

Cyberlux CEO Mark Schmidt commented: “We have been working with Lane and the Strike Group team to launch this exciting channel delivery partnership, and we are so excited by their DoD reach, their market understanding and their delivery capabilities. For our launch of the FlightEye Drone Solutions products, the Strike Group team has vast experience in the aviation market that sets up perfectly for Cyberlux to gain UAS leadership. From an infrastructure standpoint, Strike Group has ongoing projects federal, state and local where Cyberlux products are a perfect fit. With this Strike Group channel delivery relationship, we now have the incremental capability to truly drive market leadership in the UAS and Infrastructure vertical markets. We are now positioned to take full advantage of the coming infrastructure spending as well, said Mr. Schmidt. 

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CYBL has made a powerful run up the charts in recent weeks since we first reported on it in July when it was under a penny to recent highs of $0.066. The stock has established itself as among the top most traded stocks in small caps with daily dollar volume regularly in the $10 to $20 million dollar range.  CYBL has emerged as an investor favorite and is among the most actively searched and talked about stocks in small caps. Currently under heavy accumulation CYBL is looking to blaze a path along the likes of Tesoro or Enzolytics – Tesoro went to multi dollars – CYBL is looking for a break over $0.066 and another blue-sky breakout. It’s easy to get excited about CYBL; an active Department of Defense (DoD) contractor providing leading-edge, battle-tested lighting solutions to the U.S. Air Force, National Guard, Special Operations Command (SOCOM), and the U.S. Army. Management has been hard at work getting their filings in order and recently went to “pink current” on OTCMarkets. Management has been working with the share structure and enacting a no reverse split policy as they move the AS from 20 billion down to 8.75 billion. The Company established its drone business unit, FlightEye Drone Solutions with the acquisition of CTMC Drone Solutions, LLC and formed a Channel Delivery Partnership with Strike Group, LLC a world leader in sustainment logistics, infrastructure delivery, and material sourcing for U.S. Agencies, the Department of Defense, and the commercial contracting marketplace, to drive the adoption, contracting and revenue of the FlightEye Drone Solutions products and the Cyberlux Infrastructure products including LED street lighting and solar power solutions. Microcapdaily first reported on CYBL on July 11 when the stock was trading for well under a penny. We will be updating on CYBL when more details emerge so make sure you are subscribed to Microcapdaily so you know what’s going on with CYBL.

Disclosure: we hold no position in CYBL either long or short and we have not been compensated for this article.

 

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