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Cyberlux Corporation, (OTCBB: CYBL - http://finance.yahoo.com/q?s=CYBL.OB ) (Tue, February 19th, 2008, 7:00am ET) Cyberlux Corporation, a leading provider of LED lighting solutions, announced today that the Company has received the first commitment for 80 BrightEye and 60 WatchDog Visible and Covert Portable Illumination Systems from the United States Air Force (USAF). This initial USAF order for Cyberlux tactical lighting equipment equates to $3,318,646 in revenue, including spares and maintenance supplies. The Company projects that operations will be cash flow positive with the fulfillment of these first USAF orders.
The 2008 Department of Defense Appropriations legislation contains $8.0 million for the equipping of the USAF with Cyberlux Portable Illumination Systems. As part of this $8.0 million budget, the USAF Air Mobility Command will first fulfill the requirements of the Operations, Installation and Mission Support commands for the BrightEye and WatchDog systems. The remaining $4.6 million appropriations will be allocated within the Air Mobility Command and other USAF commands during the remaining Fiscal Year 2008.
"Cyberlux is a leader in solid-state lighting innovation, and our Portable Illumination Systems are engineered to provide the U.S. Armed Services with next generation tactical lighting capability. The commitment from the USAF will begin the deployment of new lighting technology within the most important Air Force commands, but this is just the start of a longer-term lighting technology transition from incandescent-based lighting to solid-state lighting, which strongly positions Cyberlux for inclusion in the Fiscal Year 2009 budget and beyond," said Mark Schmidt, president and chief operating officer for Cyberlux. "We've been pursuing this market for the last several years, and we are excited to be selected by the USAF to lead this technology transition. We look forward to deploying visible and covert lighting solutions throughout the U.S. Armed Services, the National Guard and the Department of Homeland Security organizations."
The BrightEye Portable Illumination System is designed as a portable visible and night-vision compatible illumination system for general mission tactical lighting, force protection, maintenance lighting, expeditionary base protection, disaster first responders, and other rapidly deployable high-intensity lighting applications. Using advanced optics, advanced solid-state lighting technology, and light-weight battery power, all contained in an easily transportable wheeled case, the BrightEye system is capable of eliminating the space-consuming bulk, noise and energy consumption of the current generator-powered incandescent lighting systems. Unique to the marketplace, the BrightEye system provides both white and night-vision compatible covert lighting, a capability not available in traditional lighting systems.
In September 2007, the USAF Expeditionary Center Air Mobility Battlelab (AMB), an organization that explores high-payoff concepts, technologies and tactics to advance the capabilities of Rapid Global Mobility and Agile Combat Support, announced the successful completion of the BrightEye Portable Illumination System's evaluation period (http://www.amc.af.mil/news/story.asp?id=123069485). The Air Mobility Command expeditionary subject-matter experts evaluated the BrightEye System's capabilities and determined that the BrightEye System weighs 94% less than their current diesel-powered incandescent lighting systems, saves an estimated 63% in daily operating costs and is 97% smaller in footprint. In addition, the AMB concluded that the BrightEye System provides versatile and economical tactical lighting capability as required by expeditionary forces across all U.S. armed services.
In 2006, the Air Mobility Battlelab selected Cyberlux Corporation to deliver the WatchDog System by adapting its commercially available portable lighting systems to meet USAF Air Mobility Command requirements. Cyberlux was one of 26 competing companies to submit proposals to develop a lightweight, portable lighting system for both visible lighting and infrared NVG-compatible lighting. Cyberlux was selected during the USAF competitive review process to develop the WatchDog Portable Covert Illumination System.
The resulting WatchDog Portable Covert Illumination System, which weighs less than 50 pounds including batteries, is a perimeter lighting solution for the protection of landed aircraft assets and attendant personnel. The WatchDog System provides security lighting for an exterior boundary of 600 feet x 600 feet with either visible light or covert night-vision goggle (NVG) compatible infrared light. The Watchdog System was designed to protect military assets on the ground, such as a C-130 transport aircraft, by creating a "lightless" zone around the asset while illuminating the surrounding protection boundary. In covert illumination mode, the system increases the visibility of NVGs by almost sixfold. The system can easily be carried to remote locations and deployed quickly, and with highly efficient LED technology, the system can provide lighting for several days with a single battery charge.
The BrightEye and WatchDog Systems are available through the General Services Administration (GSA) Federal Supply Schedule 56 for Specialty Lighting products under Cyberlux GSA Contract GS-07F-9409S.
mPhase Technologies, Inc./Always Ready Inc. (OTCBB: XDSL - http://finance.yahoo.com/q?s=XDSL.OB ) (Tue, February 19th, 2008, 8:45am ET) mPhase Technologies, Inc./Always Ready Inc. announced that it has successfully advanced its new battery technology based upon a well patented phenomenon known as electrowetting. This phenomenon allows an alternative to today's conventional batteries by being able to mix the liquid electrolyte, on command, thereby potentially creating an infinite shelf life. The result is a more reliable, more versatile, cost competitive battery. The battery is also a "green" product that may be disposed of without the normal toxicity associated with conventional batteries.
This unique way to store energy and manage power requirements could revolutionize the electronics battery industry. Market applications include portable and micro electronic devices used in military, industrial, medical, and consumer applications. This represents one of the largest segments of the $55 billion dollar a year battery market.
Our recent advancements allow for the utilization of lithium-based chemistries -- the chemistry of choice for powering portable electronics today. Our battery now offers distinct advantages over existing battery technologies including primary (disposable), secondary (rechargeable), reserve (backup), and thin film types. Other characteristics of this breakthrough in battery technology include:
-- Higher energy density -- Decades long shelf life -- Lower manufacturing cost -- Power management functionality -- Faster ramp to power -- Flexible arrayed configurations -- Versatile packaging -- Improved environmental friendliness
We have already proven that our battery works in laboratory tests as well as in significant field tests conducted for the U.S. Army.
mPhase will now be focusing all of its resources towards commercializing this unique patented battery technology. mPhase will soon be launching its new corporate website containing more details surrounding its battery technology.
mPhase is excited about its leading position in battery technology and looks forward to providing detailed information in the very near future to the entire battery technology industry and its shareholders.
Cardiovascular Sciences, Inc. (Pink Sheets: CVSC - http://finance.yahoo.com/q?s=CVSC.PK ) (Tue, February 19th, 2008, 8:18am ET) Cardiovascular Sciences, Inc. was established a few years ago to investigate and develop novel medical technologies to meet unmet and only partially addressed clinical needs. Areas of endeavor have required technologies as wide ranging as cell engineering to clot resistant coatings to tissue grafts to guided radiofrequency ablators and more. But what gradually became evident to the Company's technical team as they considered a variety of factors such as the size and growth of the ultimate market, the shortfalls of available products for this need, and the resources and time required to develop a likely technology to marketability, there was one clinical need that trumped the other areas. That is the need to prevent adhesions and adhesion related complications that often follow various surgeries and traumas. The cost of these complications constitutes a $6+ billion global market.
The adhesion process is part of normal healing and is what allows the edges of a cut on the skin to knit together and heal. But when two adjacent tissues that are not normally attached are stressed as happens in most surgeries, the surfaces can scar together and contract, causing problems ranging from minor discomfort to joint limitation to life threatening obstruction and intestinal perforation. The key to preventing this is to use a material to separate the surfaces for several days that then degrades and reabsorbs after the healing has reached the point after which adhesions are unlikely to occur.
Focusing on this need has allowed the team to consolidate its resources and efforts in the most productive area. A new president with market development experience was brought in, Mr. Eric O. Edelmann, who remains as a consultant. Larry Hooper, a physician, was moved into the top spot as CEO, directed and coordinated the team's research at the University of Central Florida. Along with this, the Company was admitted into UCF's award winning Technology Incubator program where it has garnered much praise as evidenced by Gordon Hogan, the incubator's Business Development Executive, "It is exciting to watch Cardiovascular Sciences leverage their existing management strengths with the scientific and technological strengths of UCF. This convergence can easily result in dramatic changes in the prevention of surgical adhesions." Carol Ann Dykes, the incubator's Technology Site Manager is similarly enthused. "It's been exciting to watch this committed and passionate team pull it together and march toward what promises to be an exciting and successful future."
"Rightly or wrongly," explains the company's CEO, "the company did spend considerable effort chasing and investigating a wide range of technologies." But Dr. Hooper hastens to add, "But if not for that, we would not have found, developed and understood the value of the technology we now have. And by intently focusing in this area, the range of indications and other possible uses of the second generation material we have produced continue to blossom well beyond what we first envisioned."
The recent funding event announced with Seven Palm Investments, LLC now allows the company to intensify its efforts and move into high gear with its R & D. This next year should see an increasing frequency of announcements as the Company continues to develop an even wider variety of applications for its products, and commences expanded in vitro and animal trials as it relentlessly pursues the course to marketing its proprietary technology.
Victory Energy Corporation (OTCBB: VYEY - http://finance.yahoo.com/q?s=VYEY.OB ) (Tue, February 19th, 2008, 9:00am ET) Victory Energy Corporation announced completion results of the first well the Corporation drilled on the Adams-Baggett Canyon Sandstone gas field in Crockett County, Texas.
The work-over unit crew reports the well has excellent backside pressure of 500 psi and productive tubing pressure of 300 psi after preliminary swabs were pulled from the well. The tubing pressure buildup overnight provides strong indications the well is commercially productive in the average range of Canyon Sandstone gas wells whose initial production is 250,000 cubic feet of gas per day.
"We project to have flow test results run by Fesco on February 22, after they complete a single point flow test on the well. Every key indicator shows this well to be as substantial as the other producing wells on the Adams-Baggett Ranch. We are encouraged by the results of our drilling and production program, as this is a strategic step in the growth and long-term development of shareholder value," stated Jon Fullenkamp, President of Victory Energy Corporation.
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