Cycurion, Inc. Announces $6 Million Contract Award by Major Municipal Transportation Agency
Rhea-AI Summary
Cycurion (Nasdaq: CYCU) has secured a $6 million contract from a major municipal transportation agency to provide comprehensive IT and cybersecurity services. The contract encompasses professional consulting services, including:
- Audit and Cybersecurity Services
- Organizational Change Management
- Data Analytics
- Information Technology Services
The scope may include integration of Cycurion's proprietary ARx platform. The company will deliver risk assessments, regulatory compliance analysis, enterprise cybersecurity strategy development, testing, and vulnerability management. CEO L. Kevin Kelly highlighted this as a strategic expansion into the transportation vertical, demonstrating their capabilities in the municipal sector.
This award aligns with Cycurion's strategy to expand its presence in public sector services while broadening its high-value IT and cybersecurity offerings.
Positive
- $6M new contract secured from major municipal transportation agency
- Expansion into municipal transportation sector vertical
- Potential integration of proprietary ARx platform in the contract scope
- Diversification of service offerings into higher-value IT and cybersecurity services
- Growing presence in broader public sector services market
Negative
- Contract value relatively modest at $6M compared to typical enterprise-level cybersecurity deals
- Actual ARx platform integration not guaranteed, only listed as potential
News Market Reaction – CYCU
On the day this news was published, CYCU declined 4.72%, reflecting a moderate negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
Award demonstrates Cycurion’s growth in public, transportation sector through comprehensive IT and cybersecurity services offering
MCLEAN, Va., April 29, 2025 (GLOBE NEWSWIRE) -- Cycurion (Nasdaq: CYCU) (“Cycurion” or the “Company”), a trusted leader in IT cybersecurity solutions and AI, announces it has been awarded a
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 (NASDAQ: 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.
Forward Looking Statements
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
investors@cycurion.com
Media Contact:
Phone: (703) 555-0123
Email: media@cycurion.com
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