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[QUOTE]Originally posted by BooDog: [QB] RESEARCH TRIANGLE PARK, N.C., June 26, 2007 /PRNewswire-FirstCall via COMTEX/ -- Cyberlux Corporation (OTC Bulletin Board: CYBL), a developer and manufacturer of solid- state lighting solutions, announced today that the Company has completed the valuation process of its Hybrid White Light (HWL) and its Hybrid Color Light (HCL) by an independent third party. The value in its "proof of concept" or pre-commercialization state was estimated at 5.0 million dollars, almost twice the current market capitalization of the company. Adding to that the EverOn valuation from second quarter 2006, worth 4.8 million, the current IP portfolio valuation for Cyberlux is approaching a conservative ten million dollars, more than five times the current market value of the security. "This partial valuation reflects both a segment of our existing product line, as well as our one-of-a-kind lighting technology that is exclusively licensed and proprietarily owned by Cyberlux Corporation," said Mark Schmidt, President and COO of Cyberlux. "Having both our flagship retail product, the EverOn, and our innovative HWL and HCL technology valued was an important step toward presenting our intellectual properties in a proper context. As our patent values increase in parallel with generation of higher revenues, we become a much more valuable company to the benefit of our shareholders. We recognize the significant effort required in reaching our ultimate goals, but we are encouraged with the progress to date," added Schmidt. In November 2006, Cyberlux acquired the worldwide exclusive rights to the pending patents for the Scattered Photon Extraction(TM) technology and methods developed at Rensselaer Polytechnic Institute. The SPE technology enables light-emitting sources to operate at a higher luminous efficacy where traditional phosphor or downconversion materials such as luminescence polymers and/or organic films as defined by University of California - Santa Barbara patent 5,966,393 are placed at locations remote from the photon-emitting solid-state inorganic light source. In January 2007, the Company acquired the worldwide exclusive rights to patent 5,966,393 "Hybrid Light-Emitting Sources for Efficient and Cost Effective White Lighting and for Full-Color Applications" from the University of California - Santa Barbara. The technology patent defines the method and practice for creating a white or multi-colored lighting source by combining the photoluminescence of polymers and/or organic films with photon emissions from a solid-state inorganic light source. The principle inventors include Nobel Laureate Dr. Alan Heeger and Dr. Steven DenBaars, Professor of Materials and Co-Director of the Solid-State Lighting Center at the University of California-Santa Barbara, who will advise the Company on the hybrid organic/inorganic lighting technology commercialization. The EverOn contains 6 bright white and 4 amber diodal(tm) lighting elements that never require replacement. The EverOn has three light settings including a low, nightlight level; a medium, room-filling light level; and a high, spotlight level. The EverOn builds on the Cyberlux patent for lighting systems capable of generating long-term interim lighting, including the lighting device and associated methods for providing emergency or temporary lighting. Specifically, the patent addresses an electrochemical lighting system capable of providing prolonged illumination with the use of light emitting diodes (LEDs) as the illumination source. The patent embodies lighting devices capable of providing long-term interim lighting via an array of LEDs, the means for providing electrical energy to the LED array, the capability of multi-level light intensity consistent with light longevity and power source relationships including conventional A/C, solar, various electrochemical assemblies or all other means of electrical energy support. About Cyberlux Corporation Cyberlux Corporation (OTC Bulletin Board: CYBL) has created breakthrough LED lighting technology that provides the most energy efficient and cost effective lighting solutions available today for consumer, commercial and military uses. The Aeon products bring the newly developed, virtually heatless light into the home for use in closets, cabinet interiors and under cabinet lighting for kitchen counters. The Military and Homeland Security products deliver unique, covert, and advanced visible lighting capability for threat detection, force and asset protection. Cyberlux uses solid-state semiconductors, trademarked as its diodal(tm) lighting elements, which consume 75% less energy than incandescent lighting elements and perform for over 20 years in contrast to 750 hours for conventional bulbs. For more information, please visit http://www.cyberlux.com. Investor Contact: Richard Brown, rbrown*cyberlux.com / 617-314-7379 This news release contains forward-looking statements. Actual results could vary materially from those expected due to a variety of risk factors. The Company's business is subject to significant risks and uncertainties discussed more thoroughly in Cyberlux Corporation's SEC filings, including but not limited to, its report on Form 10-KSB for the year ended December 31, 2006 and its 10-QSB for the quarter ended March 31, 2007. The Company undertakes no obligation to publicly release the result of any revisions to these forward- looking statements, which may be made to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. SOURCE Cyberlux Corporation CONTACT: Richard Brown of Cyberlux Corporation, +1-617-314-7379, rbrown*cyberlux.com URL: http://www.cyberlux.com/ http://www.prnewswire.com [URL=http://www.prnewswire.com]www.prnewswire.com[/URL] Copyright (C) 2007 PR Newswire. All rights reserved -0- [/QB][/QUOTE]
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