Cyberlux Corporation CEO Mark Schmidt commented on the new estimates:
"Dear CYBL Community, we are excited to raise our revenue outlook for the year from $5.2 million to $6.6 million, an increase of $1.4 million, up 27% from the prior estimate
for the year. As we all saw in the October revenue results, our transformation into an Advanced Technology Platform company with our four business units - FlightEye Unmanned Aircraft Systems, Advanced Lighting Systems, Infrastructure Technology Solutions and Infrastructure Software Solutions - is now fully underway and the results are far exceeding our expectations. We are literally in the fourth month after launching Operation Alpha and the plan is already pushing our growth rate faster than anticipated. We are seeing growth from all the business units, and we very well positioned for 2022 to be the transformative year we all expect. Let's go!"
The Company's Operation Alpha growth plan has three top priorities: (1) drive growth through aggressive business development, acquisitions and joint ventures; (2) address core target markets with DoD products, new specialty UAS technology capabilities, solar and renewables, and with emerging infrastructure projects; and (3) gain immediate business velocity by focusing on the new business and the new product pipeline, accelerating the South American projects, continuing to build out the Company's organization, and driving the Company's strategic IP development.
Moving forward, Cyberlux Corporation is "Harnessing the Future" by driving operational growth through an accelerated acquisitions and joint ventures strategy, with growth from current and future technology developments, including fundamental organic growth from the Company's four business units, all driving Cyberlux to be a leading technology growth company.
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