Press release
Multi-Million Dollar Contracts and Key Partnerships for Cybersecurity Solution Provider in the Rapidly Growing Market Nearing $200 Billion Annually: Cycurion, Inc. (Nasdaq: CYCU)
$CYCU Serves US Dept. of Defense, Defense Intelligence Agency, Dept. of Homeland Security, US Navy as well as Fortune 100 and 500 Private Sector Companies.* Cybersecurity Leader Addressing the Growing Threat of Cyber Attacks and Data Breaches with a Multi-layered SaaS Solution.
* Serving Some of the Most Complex Government Agencies and Corporations in the World Including Fortune 100 and 500 Companies.
* Clients and Partners Include: US Dept. of Defense, Defense Intelligence Agency, Dept. of Homeland Security, US Navy and Major Private Sector Companies.
* Delivering State-of the-Art, Al-Infused Proprietary Technology Being One of the First to Marry AI and Cybersecurity.
* Expansion of Strategic Partnership with CentralSquare Technologies to Deliver IT Services Across the Country.
* With High Product Pargins, the ARx Security Platform is a Cybersecurity Breakthrough and the Foundational Future Contributor to CYCU growth.
* Three New Multi-Year Contracts Represent a Total of Up to $6 Million in Revenue.
* New High Margin, AI-Driven Cybersecurity Solution Expands Company's Reach Following Strong Initial Reception in Government and Public Sectors.
* Multilayer Software with Web Application Firewall, Bot Mitigation and Geo Gating, Built on Proprietary Algorithms.
* Technology Veterans, Many Holding High-Level Security Clearances and Have Served Critical Roles in Public and Private Sectors.
Cycurion, Inc. (Nasdaq: CYCU) is a tech-enabled cybersecurity firm that serves some of the most complex government agencies and corporations in the world including Fortune 100 and 500 Companies. Founded by internet pioneer Emmit McHenry - who directly oversaw the first internet protocols and the creation of .com domains - CYCU brings an unparalleled blend of vision, technology, and experience to every project. More than just an MSSP or strategic advisor, CYCU is a full-service security partner capable of guiding any organization through the modern cyber threat landscape.
CYCU is committed to surpassing expectations and delivering incomparable value to its clients and partners. CYCU achieves this goal by providing Network Communications and Information Technology Security services and solutions that are custom-tailored to the client's environment, as well as level of need. CYCU is built on a foundation of experts in Network Communications and Information Technology who possess unrivaled security expertise and experience.
The flagship Cycurion ARx platform is a unified cybersecurity solution for protecting critical digital assets. Multi-layer protection is focused on inspecting requests to and responses from a digital asset. This non-invasive approach wraps around a digital asset - without hardware requirements or cloud installations - while keeping the client's IP completely private. With every request inspected, malicious threats are logged and blocked in real-time before reaching the asset. This CYCU multi-layer model of cybersecurity is intended to thwart potential attackers via an expanding set of protective layers.
Corporate Update in Letter to Stockholders
On March 18th CYCU provided a corporate update in a Letter to Stockholders from CEO Kevin Kelly which covered the following key points and Company accomplishments:
Expansion of CYCU groundbreaking AI-powered ARx Security Platform with the potential to revolutionize the cybersecurity market and serve as a game-changer with its high SaaS margin profile.
Organic CYCU companywide growth, including expanding current client relationships where there is tremendous opportunity for growth, primarily in the ARx vertical, driven by a focused strategy that includes sales & marketing talent additions.
Opportunistic and accretive acquisition strategy that seeks complementary additions to CYCU existing offerings, while expanding sales reach. This strategy offers selling enterprise/government cybersecurity and IT support firms a value realization opportunity with a growing, trustworthy successor.
CYCU ARx Security Platform - Significant Organic, High-Margin AI-Powered Cybersecurity Growth Platform
Powered by advanced AI technology, this robust solution provides real-time insights and protection against evolving cybersecurity threats. ARx offers a comprehensive multi-layered defense mechanism that includes a Web Application Firewall, Bot Mitigation, and Geo Gating. Additionally, as a pure SaaS offering, ARx can be deployed in a rapid and seamless manner without cumbersome and costly network hardware installations.
With high product margins, the ARx Security Platform is both a cybersecurity industry breakthrough and the foundational future contributor to CYCU growth. The ARx value proposition should ultimately be positively reflected in the price of CYCU stock upon the market both obtaining a better understanding of the offering's worth and making the connection for all stakeholders that CYCU is now a leading cybersecurity provider.
CYCU has70 employees, many possessing the highest level of government security clearance, working at the upper echelon of government and corporate organizations, ensuring superior client service and driving our growth.
CYCU will also seek growth with an opportunistic lens via highly strategic, complementary acquisitions that are designed to enhance its capabilities and extend its reach in both the government and commercial sectors. These prospective acquisitions will be designed to strengthen the CYCU technology portfolio, expand its client base and accelerate growth.
Capital Structure Update
Current outstanding number of CYCU shares of common stock is just over 30 million, which yields a basic market capitalization of $16.2 million, based on the closing share price on March 17 of $0.54.
If all the outstanding shares of the various series of preferred stock are converted and all of the outstanding warrants are exercised for shares of common stock, the pro forma total number of shares of then-outstanding common stock would be approximately 46 million. The total potential capital that CYCU could receive from the exercise of all of the warrants that remain outstanding (excluding the $11.50 SPAC warrants) would be approximately $4.0 million.
CYCU is optimally positioned to capitalize on the rapidly growing global demand for cybersecurity solutions with cybercrime costs projected to reach $10.5 trillion annually, and the cybersecurity market nearing $200 billion.
Partnership Expansion with CentralSquare Technologies to Provide Public Safety IT Services Across the Country
On March 6th CYCU announced a nationwide expansion of its strategic partnership with CentralSquare Technologies, LLC to deliver its IT services across the country.
Through this collaboration, CYCU will offer its highly effective project management, change management, curriculum development, and training services in partnership with CentralSquare Technologies outside of the Chicago area and expand to other large urban areas in the United States.
Public Safety agencies are constantly seeking ways to improve response times and increase the amount of information available to first responders. With CentralSquare Technologies' public safety products and CYCU IT services, the companies believe that public safety agencies can decrease response times and proactively provide valuable safety information in a glanceable format for first responders.
Three New Multi-Year Contracts Highlighting Growth and Innovation
On March 5th CYCU announced the award of three new multi-year contracts focused on program management, cybersecurity, and disaster recovery/business continuity. These engagements-secured with two government clients and one commercial client-reflect the Company's ongoing commitment to delivering exceptional services and expanding its reach.
These CYCU contracts, which represent a total of up to $6 million in revenue over six years, mark a significant step forward for Cycurion, highlighting its ability to serve both government and commercial sectors while strengthening its international client footprint.
U.S. Launch of AI Driven SaaS ARx Platform Targeted to the Corporate Sector
On March 4th CYCU announced the availability of its ARx Platform targeted for the corporate sector. Having been extensively tested and successfully implemented in both the government and public sectors, this comprehensive, AI-powered platform has proven its versatility, delivering cutting-edge security to an expanding array of clients, from federal agencies to Fortune 500 enterprises.
The CYCU ARx Platform has solidified its reputation with key government bodies, including the U.S. Department of Justice (DOJ), the Department of Defense (DOD), and numerous state and local governments, while also gaining traction in the public sector.
Targeting industries such as finance, retail, and technology, the CYCU ARx platform's scalability and robust feature set have resonated with corporate leaders seeking to protect their digital assets amid rising cyber threats. Notably, this expansion reflects the platform's high demand and operational efficiency while yielding a highly attractive ~80% gross profit margin.
The CYCU ARx Platform integrates a Web Application Firewall (WAF), DDoS protection, bot mitigation, geo-gating, and endpoint security, all powered by proprietary AI and machine learning algorithms. This multilayered approach ensures real-time threat detection and automated responses with minimal false positives, addressing compliance, staffing shortages, and escalating risks. Its SaaS model and flexible pricing have made it accessible to organizations of all sizes.
For more information on $CYCU visit: http://www.cycurion.com
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Media Contact
Company Name: Cycurion, Inc.
Contact Person: Kevin Kelly, Chairman & CEO
Email: Send Email [http://www.universalpressrelease.com/?pr=multimillion-dollar-contracts-and-key-partnerships-for-cybersecurity-solution-provider-in-the-rapidly-growing-market-nearing-200-billion-annually-cycurion-inc-nasdaq-cycu]
Phone: 888-341-6680
Address:1640 Boro Place 4th Floor
City: McLean
State: Virginia
Country: United States
Website: http://www.cycurion.com
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