Cyberlux Signs Supplier Agreement with Spectrum Brands to Design and Manufacture Multiple LED Products
December 21 2009 - 8:00AM
Business Wire
Cyberlux Corporation (OTCBB: CYBL), a leading provider of LED
lighting solutions, announced today that the company has formally
entered into a supplier agreement with Spectrum Brands to deliver
six products for its Rayovac trade name, two of which are for
immediate delivery for orders that Spectrum Brands has procured.
Cyberlux will supply Rayovac with existing Cyberlux LED lighting
products, as well as LED products exclusively designed for the
Rayovac brand itself. The various product lines will encompass
technology previously designed by Cyberlux, intellectual property
owned or licensed by Cyberlux and new proprietary designs that
Rayovac will have exclusivity to, but will be owned by
Cyberlux.
“We could not be more proud that Spectrum Brands has chosen
Cyberlux as its supplier for this line of LED products. We have
worked very closely with their lighting team to re-design some of
our existing technology to meet the specifications required by
Rayovac, as well as created a series of new products that the
Rayovac brand anticipates will be successfully sold to their
far-reaching client base,” said Mark Schmidt, CEO of Cyberlux Corp.
“We must wait to see how successful each product will ultimately
become, but we are hopeful that having such a large retail
distribution channel will materially affect our bottom line,” added
Schmidt.
On July 21st, Cyberlux entered into negotiations with Spectrum
Brands regarding various LED products that Cyberlux had already
developed and patented as well as had substantial intellectual
property and patent rights for. The design of new LED products
exclusively for the Rayovac brand was discussed as well.
About Spectrum Brands,
Inc.
Spectrum Brands (OTCBB: SPEB), is a global consumer products
company and a leading supplier of batteries, shaving and grooming
products, personal care products, specialty pet supplies, lawn
& garden and home pest control products, personal insect
repellents and portable lighting. Helping to meet the needs of
consumers worldwide, included in its portfolio of widely trusted
brands are Rayovac(R), Remington(R), Varta(R), Tetra(R),
Marineland(R), Nature's Miracle(R), Dingo(R), 8-In-1(R),
Spectracide(R), Cutter(R), Repel(R), and HotShot(R). Spectrum
Brands' products are sold by the world's top 25 retailers and are
available in more than one million stores in more than 120
countries around the world. Headquartered in Atlanta, Georgia,
SpectrumBrands generates annual revenue from continuing operations
in excess of $2 billion.
About Cyberlux
Corporation
Cyberlux Corporation (OTCBB: 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 September 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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