Cycurion Secures $6 Million Contract for AI-Enhanced Cybersecurity Services in Municipal Transportation

Cycurion, Inc. Announces $6 Million Contract Award by Major Municipal Transportation Agency - Cycurion (NASDAQ:CYCU)

MCLEAN, Va., April 29, 2025 (GLOBE NEWSWIRE) -- Cycurion CYCU ("Cycurion" or the "Company"), a trusted leader in IT cybersecurity solutions and AI, announces it has been awarded a $6 million contract by a major municipal transportation agency. Under this contract, Cycurion will deliver a wide range of professional consulting services, including Audit and Cybersecurity Services, Organizational Change Management Consulting, Data Analytics, and Information Technology Services. The Scope of Work also potentially includes the integration of Cycurion's proprietary ARx platform to further enhance operational and cybersecurity capabilities. Cycurion brings extensive transportation sector expertise, combined with a strong track record in defining and measuring organizational performance to address deficiencies. Specific services provided will include Risk and Vulnerability Assessments, Regulatory Compliance Analysis, Enterprise Cybersecurity Strategy Development, Testing, and Vulnerability Management. "The contract with this major municipal transportation agency demonstrates the utility of our full range of capabilities within the municipal transportation sector, and represents an important expansion into that vertical," said L. Kevin Kelly, CEO of Cycurion. "This award further highlights our strategic growth and ongoing commitment to helping our clients manage risk, drive innovation, and achieve operational excellence. We look forward to leveraging our full team's broad resources and deep industry expertise to deliver best-in-class solutions." Cycurion continues to drive its overarching strategy to expand its presence among the broader public sector services market - including that of transportation - along with the broadening of its service offerings to include higher value IT and leading cybersecurity services. About Cycurion Based in McLean, Virginia, Cycurion CYCU is a forward-thinking provider of IT cybersecurity solutions and AI, committed to delivering secure, reliable, and innovative services to clients worldwide. Specializing in cybersecurity, program management, and business continuity, Cycurion harnesses its AI-enhanced ARx platform and expert team to empower clients and safeguard their operations. Along with its subsidiaries, Axxum Technologies, Cloudburst Security, and Cycurion Innovation, Inc., Cycurion serves government, healthcare, and corporate clients with a commitment to securing the digital future. This press release contains statements that are forward-looking statements as defined within the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements relating to the operations and prospective growth of Cycurion's business. Many factors could cause Cycurion's actual results, performance, or achievements to be materially different from any future results, performance, or achievements described in this press release, including words such as "continue", "expect", "intend", "will", "hope", "should", "would", "may", "potential", and other similar expressions. Such factors could include, among others, those detailed in its Registration Statement on Form S-4 and in its Annual Report on Form 10-K, each as filed with the Securities and Exchange Commission (the "SEC"). Should one or more of these risks or uncertainties materialize, or should the assumptions set out in the section entitled "Risk Factors" in those filings with the SEC underlying those forward-looking statements prove incorrect, actual results may vary materially from those described herein. These forward-looking statements are made as of the date of this press release and Cycurion does not intend, and does not assume any obligation, to update these forward-looking statements, except as required by law. Cycurion cannot assure that such statements will prove to be accurate as actual results, and future events could differ materially from those anticipated in such statements. Individuals are cautioned that forward-looking statements are not guarantees of future performance and, accordingly, investors are cautioned not to put undue reliance on forward-looking statements due to the inherent uncertainty therein. Investor Contact: CORE IR [email protected] Phone: (703) 555-0123 Email: [email protected] CYCUCycurion Inc$0.46002.20%Stock Score Locked: Want to See it? Benzinga Rankings give you vital metrics on any stock - anytime. Reveal Full ScoreEdge RankingsMomentum-Growth-Quality-Value44.95Price TrendShortMediumLongOverviewMarket News and Data brought to you by Benzinga APIs

Cycurion secures $6 million cybersecurity contract By Investing.com

MCLEAN, Va. - Cycurion (CYCU), a Nasdaq-listed company specializing in IT cybersecurity solutions and artificial intelligence, has been awarded a $6 million contract to provide a suite of professional consulting services to a major municipal transportation agency. The contract value represents about 34% of the company's current annual revenue of $17.77 million. According to InvestingPro analysis, Cycurion is currently trading below its Fair Value, suggesting potential upside for investors interested in the cybersecurity sector. The contract encompasses a wide array of services including Audit and Cybersecurity Services, Organizational Change Management Consulting, Data Analytics, and Information Technology Services, with the potential integration of Cycurion's proprietary ARx platform. This platform is expected to enhance the operational and cybersecurity capabilities of the agency. With a market capitalization of $14.31 million and an EBITDA of $2.43 million in the last twelve months, InvestingPro data reveals the company maintains profitability despite challenging market conditions. Cycurion's CEO, L. Kevin Kelly, stated that this contract underscores the company's ability to deploy its full range of capabilities within the municipal transportation sector. He emphasized the importance of this expansion for Cycurion, noting the company's strategic growth and dedication to assisting clients in managing risks, fostering innovation, and achieving operational excellence. The services provided under the contract will address various aspects of cybersecurity, including Risk and Vulnerability Assessments, Regulatory Compliance Analysis, Enterprise Cybersecurity Strategy Development, Testing, and Vulnerability Management. Cycurion's approach to securing contracts within the public sector services market, particularly in transportation, aligns with its broader strategy to expand its service offerings. The company aims to provide high-value IT and advanced cybersecurity services. Headquartered in McLean, Virginia, Cycurion is known for its commitment to providing secure and innovative services globally. With subsidiaries like Axxum Technologies, Cloudburst Security, and Cycurion Innovation, Inc., the company caters to government, healthcare, and corporate clients. Financial metrics from InvestingPro indicate the company operates with a debt-to-equity ratio of 3.32 and a current ratio of 0.58, highlighting the importance of successful contract execution for maintaining financial stability. Subscribers to InvestingPro can access 12 additional key insights and comprehensive financial analysis about Cycurion's growth prospects and market position. The information in this article is based on a press release statement. Forward-looking statements included in the press release involve risks and uncertainties that could cause actual results to differ materially from projected outcomes. Cycurion has advised that such forward-looking statements are not guarantees of future performance and cautions investors against placing undue reliance on them due to the inherent uncertainty they contain. In other recent news, Cycurion has announced a strategic partnership with LSV-TECH International Consortium to launch its Managed Security Services Platform, Cyber Shield, in Latin America. This collaboration aims to enhance digital talent and capabilities through partnerships with Colombian universities. In addition, Cycurion is currently facing the risk of being delisted from The Nasdaq Stock Market due to non-compliance with minimum bid price and market value requirements. The company has until October 2025 to address these issues, with potential remedies including a reverse stock split. Furthermore, Cycurion has expanded its Board of Directors by appointing Reginald S. Bailey, Sr. and Kevin O'Brien, both industry veterans with extensive experience in cybersecurity and technology sectors. These appointments follow the company's recent de-SPAC transaction and are expected to support Cycurion's strategic growth. Kevin Kelly, CEO of Cycurion, expressed confidence in these new board members' ability to drive shareholder value and explore new growth opportunities. Additionally, Cycurion has launched its new cybersecurity platform, Cyber Shield, aimed at providing comprehensive security services to various industries. The platform includes features like 24/7 security monitoring and threat management, addressing the shortage of trained cybersecurity professionals. Cycurion continues to focus on expanding its capabilities and market reach, leveraging its AI-enhanced ARx platform to deliver innovative cybersecurity solutions.