Cyberlux Corp CYBL

Cyberlux Corporation Issues Monthly Recap with Key

[AveragePenny]

"Dear CYBL Community, we really exceeded our expectations for October, which was a exceptional month by all measures. We announced new funding, two acquisitions, a fantastic personnel addition, and great revenue results for the month. Here's a quick recap of what transpired:

• We achieved our highest revenue month ever of $1,917,875 in October, exceeding our October projections of $1,000,000. In addition, our year-to-date revenue through October is $4,096,581, also exceeding our projected year-to-date revenue of $3,000,000.
• We announced $4,500,000 in funding from California-based RB Capital Partners, Inc. to accelerate the Company's growth plans across our FlightEye UAS Solutions, Advanced Lighting Solutions, Infrastructure Technology Solutions and Infrastructure Software Solutions business units. RB Capital and Cyberlux structured the funding as a premium-to-market fixed-price convertible note that can only convert to common stock at $0.25 per share, a significant premium to the stock's current price of ~$0.046 per share. This debt is obligatorily convertible on or before the 24-month maturity date in October 2023. Further, RB Capital is prepared to provide up to an additional $10,500,000 in further funding on the same terms as the share price continues to reflect Cyberlux Corporation's growth.
• We announced that United States Government expert and Department of Justice / Department of State veteran Ms. Cheri Nolan and Strikepoints Consulting, LLC has joined the Company as a Strategic Advisor on our government business development across the four business units, including FlightEye UAS Solutions, Advanced Lighting Solutions, Infrastructure Technology Solutions and Infrastructure Software Solutions. With over 40 years of executive experience, Ms. Nolan has had a very distinguished career, serving in the Office of the White House Chief of Staff, and several appointments at the Department of Justice under five Attorneys General, including as Senior Advisor to the Attorney General and as Deputy Assistant Attorney General. At the State Department she served as Director of the Office of Public Liaison and Intergovernmental Affairs. Most recently, Ms. Nolan served under Attorney General William Barr. In this role, Ms. Nolan served as liaison to the law enforcement community as well as program oversight, contracts management, clearance of major publications, and final review of documents attendant to major national justice policy initiatives.
• We announced the acquisition of FBD Group SHPK, a global telecommunications, infrastructure, software and service provider, and an innovator in next-generation telecommunications technologies such as 5G, a key communication technology for unmanned aircraft guidance systems. The FBD Group was founded in 2009 and is headquartered in Tirana, Albania, a NATO member country, and is one of the key providers of telecommunications infrastructure and equipment in the region, as well as one of the main suppliers of fiber optic broadband network infrastructure. With this acquisition, we created a new business unit, Cyberlux Infrastructure Technology Solutions (Cyberlux ITS), as the Cyberlux business platform that will drive the execution and implementation of core Cyberlux infrastructure technology across global renewable energy and infrastructure projects. The FBD team has extensive knowledge and experience in building telecommunications infrastructure and software applications, and they bring expansive software development capabilities including advanced software developers who have experience in building enterprise-level software solutions to assist us in building the end-to-end UAS data management and analytics support infrastructure required by the FlightGDN UAS platform. The FBD is already creating the growth engine for the Cyberlux ITS infrastructure business across Europe and North and South America.

https://www.accesswire.com/671275/cyberlux-corporation-issues-monthly-recap-with-key-accomplishments-for-the-month-of-october-2021