Cyberlux Corporation (OTCPK:CYBL) acquired CTMC Drone Solutions, LLC for $2.3 million on August 31, 2021. The consideration will be paid in shares of common stock and cash over a three-year earnout period, with certain equity incentives for continued equity value appreciation, revenue growth levels and technology development milestones. CTMC Drone Solutions, LLC will join the Cyberlux family with FlightEye Drone Solutions.

Cyberlux Corporation (OTCPK:CYBL) completed the acquisition of CTMC Drone Solutions, LLC on August 31, 2021.