Cyberlux Corp (CYBL)

Description:

Cyberlux Corporation is incorporated on May 17, 2000 under the laws of the State of Nevada. The Company is mainly devoted to designing, developing and marketing advanced lighting systems that utilize white light emitting diodes as illumination elements. It is developing and marketing new product applications of solid-state diodal illumination that demonstrate added value over traditional lighting systems. Using proprietary technology, it is creating a family of products including portable illumination systems for military and Homeland Security, retail products, commercial task and accent lighting, emergency and security lighting. The Company's business model is to address the lighting industry market segments with solid-state lighting products and technologies, including its proprietary hybrid lighting technology that includes military and Homeland Security applications, direct and indirect task and accent lighting applications, indoor/outdoor downlighting applications, commercial and residential lighting applications. For the military and Homeland Security portable illumination products, its target markets include all branches of the military and all government organizations providing homeland security services, such as border control and airport security. For its retail products, its target customers include the home improvement and consumer goods retailers and name-brand companies that the company would supply products to as the original equipment manufacturer. The company anticipates continuing to incur research and development expenditures in connection with the development of its portable illumination system and new 2009 commercial product lines during the next twelve months. In addition, the company would continue to incur research and development expenditures in connection with the commercialization of its Hybrid Lighting Technology. Cyberlux Corporation is the registered owner of the CYBERLUX(r) mark for lighting products, namely, diodal illuminators. Trademark applications are pending for the Camplight, Focalbright, Reliabright, Sensorbright, Relyon, Focuson, Everon, and Keon marks. These marks are registered under International Goods and Services Class 9 (Electrical and Scientific Apparatus), Class 11 (Environmental Control Apparatus), or both. Cyberlux has the world-wide rights to U.S. Patent No. 5,966,393 from the University of California-Santa Barbara. The lighting and illumination industry is competitive and includes several companies that have achieved market shares than the company have, and have operating histories, have customer bases, and have financial, development and marketing resources than the company does. Its advertising and sales practices concerning its products are regulated by the Federal Trade Commission and state consumer protection laws. Such regulations include restrictions on the manner that the Company promotes the sale of its products.