Cyberlux Backlog Grows to Highest Level in Last 12 Months Driven by 2009 Fiscal Year End OEM and Military Purchases
November 10 2009 - 6:30AM
Business Wire
Cyberlux Corporation, (OTC Bulletin Board: CYBL), a leading
provider of LED lighting solutions, announced today that the
Company’s revenue backlog has reached its highest level for all of
2009. The Company posted $228,421 in order backlog for the week
ending November 6, 2009.
This Cyberlux order backlog includes new OEM orders for Cyberlux
portable shelter lighting systems, OEM orders for BrightEye
systems, United States Air Force orders for BrightEye 10 Meter
Tower Systems and National Guard orders for BrightEye Dual
Lighthead Systems.
Over the past year, Cyberlux has varied its sales strategy, no
longer competing as a prime contractor, but rather becoming the
supporting supplier of existing prime contractors and open
contracts. Additionally, the Company has significantly changed its
product strategy to focus on innovative products that can fulfill
market opportunities through companies where the scale and
capability to sell products world-wide already exists. While still
in its infancy stages, the current order backlog is a leading
indicator that these strategy changes are showing definite signs of
progress.
“We are excited to see the Company’s backlog begin to recover
and grow, as well as seeing the revenue pipeline move in a positive
direction. This backlog level is an important indicator of where we
project the Company’s growth – in ongoing OEM opportunities and
reoccurring military customer orders for our Tactical Illumination
Systems, which have a frequency of once or twice during a fiscal
year. With new OEM customers and ongoing demand from within the
U.S. Armed Services, including the National Guard, Air National
Guard and United States Air Force, the Company’s direction is
gaining momentum and generating early results,” said Mark Schmidt,
president and chief executive officer for Cyberlux. “Satisfying
these orders is the next step in the implementation of our growth
plan for the Company.”
The Cyberlux OEM products include general lighting products for
buildings, offices and retail applications. The Cyberlux
military-grade products include visible and night-vision compatible
illumination systems for general mission tactical lighting, force
protection, maintenance lighting, expeditionary base protection,
disaster first responders, and high-intensity lighting
applications, and are available through General Services
Administration (GSA) Federal Supply Schedule 56 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.
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 production capabilities concurrent with
product orders. 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, 2008 and its 10-Q
for the quarter ended June 30, 2009. 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.
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