on Cyberlux Corporation (NASDAQ:CYBL)
Cyberlux Progresses with $20 Million Backlog Execution
Cyberlux Corporation has made significant strides in addressing its $20 million order backlog. The company recently completed a major delivery of Datron system spares worth $719,000 to a U.S. Government client aiding a partner nation in the MENA region. This shipment is crucial for maintaining operational readiness of currently deployed V/UHF and HF systems.
A second delivery, exceeding $700,000 in value, is underway, marking notable progress in fulfilling over $10 million in MENA-region orders. According to CEO Mark Schmidt, these developments bolster Cyberlux's reputation as a reliable partner for the U.S. Government and allies, and the company is poised for revenue growth in the region.
Additionally, Cyberlux anticipates a new contract worth over $8 million for secure radios, underlining ongoing demand for its solutions aligned with U.S. military support priorities. Further updates will be provided as deliveries and milestones progress.
R. E.
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