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Cycurion Announces Five New Contracts Totaling $1 Million, Expanding into Commercial Sectors
Globenewswire· 2025-10-16 12:45
Core Insights - Cycurion has successfully closed five new contracts in September, totaling approximately $1 million, which is expected to generate an additional $75,000 in monthly recurring revenue, enhancing the company's growth trajectory [1][2][3] Group 1: Company Strategy and Market Position - The new contracts include four in the healthcare and pharmaceutical sectors, leveraging Cycurion's established relationship with NACCHO to secure these deals [2] - The CEO of Cycurion emphasized the company's strategy to expand into commercial and non-government sectors, validating their approach and positioning for sustained revenue growth [3] - Cycurion's Cyber Shield products provide advanced threat detection, encryption, and compliance features, showcasing versatility and market demand beyond traditional government clients [3] Group 2: Future Plans and Commitment - Cycurion remains committed to innovation and client success, with plans to announce further expansions in the coming quarters [4]
EXCLUSIVE: IQSTEL Announces Stock-Swap Cybersecurity Partnership With Cycurion, Plans $0.5 Million Stock Dividend
Yahoo Finance· 2025-10-01 12:31
Core Insights - IQSTEL has entered the cybersecurity sector through a strategic stock swap partnership with Cycurion, introducing AI-enhanced cybersecurity services [1][2] - The partnership aims to diversify IQSTEL's portfolio, adding cybersecurity to its existing telecommunications, fintech, and AI offerings [2] - Both companies have committed to delivering a $0.5 million dividend in shares to their shareholders by December 31, 2025 [3] Partnership Details - IQSTEL will issue 0.15 million shares to Cycurion, while Cycurion will issue 3.87 million shares to IQSTEL, with each share valued at $1 million [1] - The companies will collaborate to develop an AI-driven cybersecurity solution, leveraging IQSTEL's AI technologies and Cycurion's cybersecurity expertise [4] - Cross-selling opportunities will allow IQSTEL to offer Cycurion's products to its telecom clients, while Cycurion will access IQSTEL's fintech and AI solutions [4] Financial Performance and Goals - IQSTEL reported $35 million in revenue as of July 2025, achieving a $400 million annual run rate five months ahead of schedule [5] - The company aims for a $15 million EBITDA run rate by 2026 and a $1 billion revenue run rate by 2027 [5] - The partnership establishes Cycurion as a "sibling company" to IQSTEL, enhancing both companies' market positions [5] Stock Exchange Agreement - On August 7, IQSTEL and Cycurion signed a Memorandum of Understanding to exchange $1 million worth of stock each, becoming mutual equity partners [6] - Both companies plan to distribute half of the exchanged shares as dividends to enhance shareholder value [6] - Following the announcement, IQST stock closed higher by 2.93% at $6.50 [6]
Cycurion Secures $4.6 Million of Incremental Contract Awards
Globenewswire· 2025-09-10 12:45
Core Insights - Cycurion, Inc. has announced an additional $4.6 million in new contracts, bringing the total to $73.6 million in AI-powered growth across multiple sectors [1][3] - The company is leveraging its proprietary AI-enhanced Cyber Shield / ARx platform to drive over 15 engagements with contract durations ranging from 1 to 10 years [1][4] Financial Projections - The new contracts are expected to contribute $2.1 million in the third quarter of 2025 and an additional $2.5 million by the end of the fourth quarter of 2025 [3] Strategic Initiatives - Cycurion is focusing on strategic partnerships to capitalize on emerging cybersecurity opportunities, positioning itself in the AI-driven digital transformation landscape [4] - Key initiatives include delivering AI-powered IT and cybersecurity assessment services for government entities, supporting healthcare IT implementations, and enhancing cybersecurity for federal agencies [8]
Cycurion Shines as Diamond Affiliate Partner at NACCHO Annual Conference, Showcasing High-Margin Cyber Shield Solution to Address Public Health Cybersecurity Challenges
Globenewswire· 2025-07-23 12:00
Core Insights - Cycurion, Inc. is a leader in high-margin cybersecurity solutions and recently attended the NACCHO Annual Conference, focusing on improving healthcare through technology [1][2] Company Overview - Cycurion unveiled its Cyber Shield solution, aimed at providing advanced cybersecurity protection and business continuity for public health organizations [2][4] - The company is collaborating with NACCHO to develop a nationwide rollout plan for the Cyber Shield, which includes educational components to enhance member understanding and implementation [2][3] Market Impact - The NACCHO conference generated over 250 leads for Cycurion's Cyber Shield services, indicating strong market interest and potential for growth [3] - Revenue projections for Cyber Shield services over the next three years are as follows: Year 1: $1,809,000, Year 2: $4,338,000, Year 3: $13,896,000, showcasing significant anticipated growth [8] Strategic Positioning - Cycurion's partnership with NACCHO positions it as a trusted leader in public health cybersecurity, with a strong presence at the conference through various engagements [3][4] - The company emphasizes its commitment to public health security and aims to address urgent cybersecurity challenges faced by public health organizations [5][4]
Cycurion (NASDAQ: CYCU) Launches “Cycurion Crypto” Subsidiary with $10 Million Treasury Allocation to Acquire Ethereum and Bitcoin
Globenewswire· 2025-07-15 12:00
About Cycurion MCLEAN, Va., July 15, 2025 (GLOBE NEWSWIRE) -- Cycurion, Inc. (NASDAQ: CYCU) ("Cycurion"), a leading cybersecurity and digital infrastructure company, today announced the formation of a wholly owned subsidiary, Cycurion Crypto, as part of its strategic initiative to position the Cycurion within the expanding digital asset ecosystem while strengthening its balance sheet and accelerating its growth strategy. Cycurion will allocate $10 million pending board approval from the proceeds from future ...
Cycurion Team to Speak on Cybersecurity at the NACCHO360 Conference
Globenewswire· 2025-07-11 12:30
Core Insights - Cycurion, Inc. is a leader in IT cybersecurity solutions and AI, focusing on protecting healthcare organizations from emerging cyber threats [1][4] - The company will participate in the NACCHO360 conference, where executives will discuss current cybersecurity trends and defensive strategies for healthcare [2][3] Company Overview - Cycurion is based in McLean, Virginia, and specializes in cybersecurity, program management, and business continuity [4] - The company utilizes its AI-enhanced ARx platform to provide innovative services to clients, including government and healthcare sectors [4] Industry Context - The healthcare sector is increasingly targeted by cyber threats such as ransomware, AI-driven botnets, and phishing campaigns [3] - There is a growing cybersecurity arms race between AI-driven good and bad actors, necessitating advanced defensive strategies [3][7] Event Details - Michael A. Phillips and W. Eric Singleton will lead a panel titled "Hacking Health: Emerging Cyber Threats and Defensive Strategies for Healthcare and Public Health Organizations" at NACCHO360 [2][3] - The session will cover the latest cyber threats and how to mitigate risks using technologies like deception tools and Zero Trust frameworks [3][7] Partnership Announcement - Cycurion has been announced as NACCHO's newest Diamond Affiliate Business Partner, introducing the co-branded cybersecurity solution, NACCHO Cyber Shield [3]
Cycurion, Inc. Announces Diamond Level Partnership with the National Association of County and City Health Officials (NACCHO) to Strengthen Cybersecurity for Local Health Departments
Globenewswire· 2025-07-10 12:00
Core Insights - Cycurion has announced a strategic partnership with NACCHO to provide its Cyber Shield Managed Security Services Platform to local health departments across the U.S. [1][3] - The partnership aims to enhance cybersecurity protections for public health organizations facing increasing cyber threats [3][4] - NACCHO represents over 3,300 local health departments, highlighting the significant market opportunity for Cycurion's services [6] Company Overview - Cycurion is based in McLean, Virginia, and specializes in IT cybersecurity solutions and AI [4] - The company offers a range of services including vulnerability testing, email security, multi-factor authentication, and business continuity support [4] - Cycurion's ARx platform provides advanced security features such as Web Application Firewall and DDoS protection [4] Industry Context - Public health organizations face numerous cybersecurity challenges, including a shortage of trained professionals, evolving compliance requirements, and insufficient funding [2][4] - The NACCHO360 conference serves as a key event for local health department leaders to share best practices and learn about effective public health strategies [7]
Cycurion Announces a Strategic Partnership with AgileBlue to Deliver Advanced AI-Powered Cybersecurity Operations Across North America
Globenewswire· 2025-07-02 12:00
MCLEAN, Va., July 02, 2025 (GLOBE NEWSWIRE) -- Cycurion, Inc. (Nasdaq: CYCU) (“Cycurion” or the “Company”), a leading provider of cybersecurity services to public and private sectors, today announced a strategic partnership with AgileBlue, an AI-powered Security Operations (“SecOps”) platform provider. Under the terms of the agreement, Cycurion will serve as an authorized reseller of AgileBlue’s full suite of cybersecurity solutions, including its next-generation Managed SecOps-as-a-Service, Security Inform ...
Cycurion, Inc. Partners with the Independent Colleges and Universities of Florida (ICUF) as a Preferred Vendor
Globenewswire· 2025-06-12 13:00
Core Insights - Cycurion has partnered with the Independent Colleges and Universities of Florida (ICUF) to provide cybersecurity services to 30 member institutions, enhancing their protection against cyber threats [1][2] - The partnership includes a webinar to introduce ICUF members to Cycurion's marquee Managed Security Service Provider (MSSP) solution, Cyber Shield, reflecting ICUF's commitment to providing leading cybersecurity resources [2] - Cycurion is a provider of IT cybersecurity solutions and AI, focusing on delivering secure and innovative services to various sectors, including government and healthcare [3] Company Overview - Cycurion, based in McLean, Virginia, specializes in cybersecurity, program management, and business continuity, utilizing its AI-enhanced ARx platform to safeguard client operations [3] - The company operates alongside subsidiaries such as Axxum Technologies, Cloudburst Security, and Cycurion Innovation, Inc., serving a diverse clientele [3] ICUF Overview - The Independent Colleges and Universities of Florida (ICUF) represents 30 private, nonprofit colleges and universities in Florida, established in 1965 to support access, affordability, and quality in higher education [4]
Cycurion Announces Continued Listing and Trading of its Common Stock and Warrants on NASDAQ
Globenewswire· 2025-06-06 18:15
Core Insights - Cycurion, Inc. continues to have its shares of common stock and warrants listed and traded on NASDAQ under the symbols "CYCU" and "CYCUW" respectively, despite the SEC's filing regarding the predecessor company's units [1][2] Company Overview - Cycurion is based in McLean, Virginia, and is a provider of IT cybersecurity solutions and AI, focusing on delivering secure and innovative services globally [3] - The company specializes in cybersecurity, program management, and business continuity, utilizing its AI-enhanced ARx platform to support clients [3] - Cycurion serves various sectors including government, healthcare, and corporate clients, with a commitment to securing the digital future [3]