Cyberlux Corporation (OTCPK:CYBL) acquired Digital Automation Solution Ltd. on February 3, 2022. As a result of this acquisition, Cyberlux Corporation owns 100% of Digital Automated Solutions, LLC in a transaction comprised of both investment capital and a three year earn-out of shares of common stock with an expected value between $0.09 and $0.29, with the cash component being paid out over a two-year investment cycle, including certain equity incentives for continued revenue growth levels, technology and intellectual property development milestones, global customer acquisition objectives and global solution implementation milestones. With this acquisition, Cyberlux is transforming the former Infrastructure Software Solutions (ISS) business unit into the new Digital Platform Solutions (DPS) business unit. The DAS team joins Cyberlux with a staff of 28, including 24 software developer and customer support engineers across three development centers. Cyberlux is also gaining a key Product and Software Platform industry leader, Mr. Igor Stanisavljev. Mr. Stanisavljev will assume the position of General Manager and Chief Product Officer for the Digital Platform Solutions business unit.

Cyberlux Corporation (OTCPK:CYBL) completed the acquisition of Digital Automation Solution Ltd. on February 3, 2022.