Cyberlux Corporation Announces Mr. Aaron Goodman as a New Member of the Board of Directors to Help Guide the Company’s Acquisition Strategy and Accelerate Market Segment Growth
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Cyberlux Corporation Announces Mr. Aaron Goodman as a New Member of the Board of Directors to Help Guide the Company’s Acquisition Strategy and Accelerate Market Segment Growth

Wednesday, December 1, 2021 3:40 PM
Cyberlux Corporation

Mr. Goodman brings broad experience in the financial industry and a deep understanding of technology to the Cyberlux Board of Directors to assist the Company in achieving its objective of uplisting to the NASDAQ exchange.

RESEARCH TRIANGLE PARK, NC / ACCESSWIRE / December 1, 2021 / Cyberlux Corporation, (OTC Bulletin Board:CYBL), an advanced technology platform company and a leading provider of LED lighting, renewable energy and infrastructure technology, and advanced unmanned aircraft systems (UAS) solutions, announced today that Mr. Aaron Goodman has joined the Board of Directors as a new director who will help guide the corporate acquisition strategy and execution. Mr. Goodman brings significant experience in mergers and acquisitions (M&A) to Cyberlux, and he has held senior leadership positions at some of the world's largest financial firms. Mr. Goodman also brings an extensive knowledge of technology and Big Data to the Cyberlux Board of Directors and will help drive the Company's objective to uplist to the NASDAQ exchange.

For over 20 years, Mr. Goodman has had a distinguished career in the Investment Banking, Hedge Fund and Private Equity industries, focusing on business growth through technology, M&A and corporate strategy. He has held various C-level Executive positions as Chief Technology Officer, Chief Operating Officer, and Chief Administrative Officer for several of the largest international investment banks and institutional securities firms. As Senior Managing Director of Institutional Securities for Morgan Stanley, Mr. Goodman collaborated in the M&A due diligence process for acquisition and divestiture recommendations, including the integration of global technology for the acquisition of Saxon Mortgage, incorporating $700 million in assets and 1,600 employees. Additionally, as head of technology for FirstKey, a startup funded by Cerberus Capital, Mr. Goodman was responsible for the technology and integration plans for company's acquisitions.

While working at Bridgewater Associates, one of the world's largest hedge funds with $140 billion in assets under management, Mr. Goodman worked directly with CEO Ray Dalio on implementing his firm-wide mobile infrastructure and mobile application platform, which was utilized by all employees.

Most recently, Mr. Goodman was a top technology consultant with NewVantage Partners (NVP), a preeminent Management Consulting firm providing interim C-level leaders who specialize in Big Data, Data Science and Machine Learning. NVP Consultants assist in transformative deployments within Fortune 100 Financial and Insurance client enterprises.

Cyberlux Corporation CEO Mark Schmidt stated:

"We have searched all year for the best new director who can really help Cyberlux at every level, and I am so pleased and excited that we found Aaron and he has agreed to join the Board. As our CYBL community knows, we are on a mission and we need someone with the investment banking and M&A experience who also understands technology and how to create a sustainable strategic advantage through the leveraging of intellectual property and technology knowhow. Aaron is a phenomenal intellect and has tremendous experience that covers all four of our business units, from our Unmanned Aircraft Systems to our emerging Infrastructure Software Solutions software-as-a-service (SAAS) business unit. With Aaron on the team, I am even more confident that Cyberlux will reach our growth targets in the coming years and achieve our aggressive objectives, including the NASDAQ uplisting process."

Mr. Goodman commented:

"I look forward to working with the stellar Cyberlux team where I know my deep understanding of the M&A due diligence and integration processes, knowledge of technology markets, and my investment banking experience will truly help Cyberlux achieve their objectives and get to the next level of growth and performance. I am very excited by the vision and direction of the Company, the large, high-velocity markets the Company is targeting, and the aggressive growth plans the team has. In addition to M&A and strategic planning activities, I will add value to the Company through strengthening internal functions such as technology infrastructure, technical security, and corporate departments such as Finance, Human Resources and Recruiting. I am very excited to be part of this team."

To learn more about Mr. Goodman, please refer to his career profile on the LinkedIn website as follows:

https://www.linkedin.com/in/aarongoodmanadvisory/

Moving forward, Cyberlux Corporation is "Harnessing the Future" by driving operational growth through an accelerated acquisitions and joint ventures strategy, with growth from current and future technology developments, including fundamental organic growth from the Company's four business units, all driving Cyberlux to be a leading technology growth company.

About Cyberlux Corporation

Cyberlux Corporation (OTC Bulletin Board: CYBL), an advanced technology growth platform company, is a leader in solid-state lighting innovation, has developed breakthrough LED lighting, energy efficiency technology, advanced infrastructure technology, and advanced unmanned aircraft systems (UAS) technology solutions, available today in U.S. government agencies, commercial markets and international opportunities. For more information, please visit www.cyberlux.com. For investor information, please contact: [email protected]

SAFE HARBOR STATEMENT

This press release contains forward-looking statements that can be identified by terminology such as "believes," "expects," "potential," "plans," "suggests," "may," "should," "could," "intends," or similar expressions. Many forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results to be materially different from any future results implied by such statements. These factors include, but are not limited to, our ability to continue to enhance our products and systems to address industry changes, our ability to expand our customer base and retain existing customers, our ability to effectively compete in our market segment, the lack of public information on our company, our ability to raise sufficient capital to fund our business operations, our ability to continue as a going concern, and a limited public market for our common stock, among other risks. Many factors are difficult to predict accurately and are generally beyond the company's control. Forward-looking statements speak only as to the date they are made, and we do not undertake to update forward-looking statements to reflect circumstances or events that occur after the date the forward-looking statements are made.

SOURCE: Cyberlux Corporation

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