In recent times, the Cyberlux Corporation (OTCMKTS:CYBL) stock has been on the radars of plenty of investors and it was back in sharp focus yesterday after it announced that it had acquired the company CMTC Drone Solutions LLC.
The acquisition is going to help the company have its own technology platform by way of which it can enter the drone solutions space. The drone space has grown at a decent clip in recent years and the possibility of Cyberlux Corporation’s entry into the same seemed to have come as a boost to the stock.
The Cyberlux stock ended the day with gains of as much as 27% amidst heavy interest and it is likely that the stock is going to be in focus today as well. CMTC Drone Solutions is going to operate as a separate business unit and is going to be owned fully by Cyberlux.
It has emerged that the unit is going to be engaged in the UAS or unmanned aircraft systems space and that is also going to include both intellectual property development as well as drone technology. It is a significant new step for Cyberlux and investors could consider keeping an eye on how the company progresses its drone solutions unit.