Cyberlux Corp (OTCMKTS: CYBL) Announces the Acquisition of CTMC Drone Solutions, LLC as the Technology Platform for Company’s Step into the Drone Solutions Market

Mufulira Tragedy: Man brutally assaults stepson with Axe Handle, died

Mufulira: A Man hammers his son for dead with an axe handle, fleas and hands himself at the Chibolya police post. A Man in Mufulira has hammered his step son, Owen Mumba grade 10 pupil, at Tang Up barracks school, leaving him unconscious with blood profusely jetting from his head.

Pregnant woman loses Husband, two sons, drowned during picnic

Mongu, Zambia, South Africa: A family of three perished yesterday while enjoying their leisure time at King Lubosi Imwiko II in Mongu. The trio died in a swimming expedition.

Africa Weather Forecast announces 02-08 October 2023 climate summary

South Africa: Africa Weather Forecast launched their climate summary in which they reported that Clear skies and rising temperatures are in store for the interior for most of the week, with the northern half of the country experiencing this condition throughout the entire week. 

Video Assistant Referee system launched in COSAFA competitions

Zambia: The Video Assistant Referee (VAR) system will be introduced in COSAFA competitions for the first time, starting with the HOLLYWOODBETS COSAFA Women’s Championship that will be played in Gauteng from October 4-15.

Cyberlux Corp (OTCMKTS: CYBL), on August 31, announced that it added CTMC Drone Solutions, LLC to its business as its drone platform, along with crucial technology assets and resources, building the foundation for the Cyberlux drone unit and FlightEye drone Solutions. A leading renewable energy provider of LED lighting and technology solutions, Cyberlux, owns the new business unit, which will focus on UAS, drone technology, manufacturing, intellectual development of properties, drone services, and commercial and government sales.

Cyberlux Corp’s Aims & Plans

As a result of this agreement, Cyberlux owns 100% of CTMC, LLC for a collection of $2,275,000 in shares of stocks. Moreover, the equity incentives for continued value appreciation, a three-year earnout period of cash, revenue development, and technology growth milestones.

Cyberlux was looking to build the production and technology capability to make ongoing enhancements in profit, revenue, and shareholder value through this platform. Also, plans to make future investments for product development and working capital for expansion of the business. The specific terms of the agreement are restricted in the disclosure until Cyberlux is entirely pink current information on the OTC Markets.

Advancement of Existing Technologies

In addition to that, FlightEye Solutions will enhance its technology to build next-generation UAS products with military-grade. And drone solutions built with Cyberlux LED Lightning, night vision with infrared capability, LiDAR mapping, thermal sensor capability, and monitoring eye in the sky technologies. This enhancing business will focus on existing DOD requirements and BAA with the development, including monitoring alert systems, collision avoidance, geofencing capabilities, urban areas operation, beyond the line of sight operations, multiple drones operation OS, and other significant priorities. Moreover, to consolidate its UAS capabilities, Cyberlux transferred all related existing technology into the business unit of FlightEye Solutions. Currently, Cyberlux is continuing partnerships with UAS companies and drone capabilities providers. In addition, Cyberlux is bringing the future through acquisitions, organic growth, and the commercialization of technologies.

Mufulira Tragedy: Man brutally assaults stepson with Axe Handle, died

Mufulira: A Man hammers his son for dead with an axe handle, fleas and hands himself at the Chibolya police post. A Man in Mufulira has hammered his step son, Owen Mumba grade 10 pupil, at Tang Up barracks school, leaving him unconscious with blood profusely jetting from his head.

Pregnant woman loses Husband, two sons, drowned during picnic

Mongu, Zambia, South Africa: A family of three perished yesterday while enjoying their leisure time at King Lubosi Imwiko II in Mongu. The trio died in a swimming expedition.

Africa Weather Forecast announces 02-08 October 2023 climate summary

South Africa: Africa Weather Forecast launched their climate summary in which they reported that Clear skies and rising temperatures are in store for the interior for most of the week, with the northern half of the country experiencing this condition throughout the entire week. 

Video Assistant Referee system launched in COSAFA competitions

Zambia: The Video Assistant Referee (VAR) system will be introduced in COSAFA competitions for the first time, starting with the HOLLYWOODBETS COSAFA Women’s Championship that will be played in Gauteng from October 4-15.

Premier Dube-Ncube highlights importance of Seniors on International Day

KwaZulu-Natal Premier Nomusa Dube-Ncube has declared war on the members of the public who accuse senior citizens of witchcraft due to the onset of dementia and related mental conditions.

Zambia President Corner: time to focus on 2029 AFCON bid

Zambia: The Football Association of Zambia launches their weekly Column, and in this week's Column, they share details of the Weekly football dose.