IP, Reports & Roadmaps | Jan 07, 2010

Cyberlux Resolves Litigation with the NIR Group, Ltd.

Cyberlux Corporation, (OTC Bulletin Board: CYBL), a leading provider of LED lighting solutions, announced today that the company has reached a resolution of its litigation with the NIR Group, Ltd. and its affiliates.
 
Mark Schmidt, Chief Executive Officer of Cyberlux, stated, “We are pleased to conclude the litigation. Cyberlux will now be able to devote its full resources to developing and marketing its state-of-the-art lighting solutions.”
  
Corey Ribotsky, Chairman of the NIR Group, stated, “Litigation is a last resort for our family of funds. We are encouraged by the progress that Mr. Schmidt and the Cyberlux team have made and we support their efforts to develop Cyberlux’s business.”
  
About Cyberlux Corporation:
Cyberlux Corporation (OTC Bulletin Board: 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

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