NEW YORK, NY -- April 6, 2021 -- InvestorsHub NewsWire -- ILUS
International Inc (OTC:
ILUS) is a M&A company focused on acquiring and developing
technology-based companies globally. The company has already
completed 2 acquisitions in 2021. As the first quarter of 2021 drew
to a close, ILUS released an update on its progress during its
first full quarter as a publicly traded entity and highlighted its
plans for Q2 and the remainder of the year.
ILUS International (ILUS) has been focused on building a
business with a strong foundation, which it believes that everybody
would be proud to invest in. The vision of ILUS as a company is a
long-term one, focusing on growth, profitability and
sustainability. The company is currently building a strong and
loyal shareholder base whilst executing its business plan. There
will be short, medium, and long-term milestones that ILUS feels
will drive their continued organic growth.
ILUS recently updated its shareholders in a letter which
summarized its first quarter of 2021 progress, addressed some
shareholder questions and highlighted its upcoming plans. The full
letter can be found on the ILUS website under the downloads
section. The company also provides daily communication on
the Twitter platform, Twitter handle : OTC_ILUS
Speaking from one of ILUS International’s new global
manufacturing facilities in Dubai, United Arab Emirates, the
company’s CEO, Nick Link, said, “As a team, we have made phenomenal
progress in the last 3 months. Our sales pipeline has grown
exponentially with both acquired businesses feeding off the
synergies that exist between them. As the second quarter kicks off,
we are now closing in on the acquisition of more innovative
technology to complement our current suite whilst also focusing on
adding more talent to our global sales, marketing and operational
teams. We are all working extremely hard and are incredibly excited
about the future for ILUS International.”
Having already appointed the largest fire truck manufacturer in
India as its distributor for the region, ILUS International further
expanded its sales network in Q1 2021 by appointing the largest
distributor of fire fighting vehicles and equipment in Saudi Arabia
as its distributor. The company announced that it is
also currently looking for a suitable manufacturing facility
in Saudi Arabia which will position it to capitalize on the growth
potential in the Saudi Arabian market with the development of the
new $500 billion Mega-City called NOEM. ILUS announced that it has
multiple orders in production for its distributor in India where it
also has its fire safety products listed on the Indian Government’s
purchasing portal. The company also has orders in production for
the United Nations, various UK fire brigades, Dubai International
Financial Centre, an Abu Dhabi Hospital and a large shopping mall
in the UAE. During a busy first quarter for the sales team, where
demonstrations were also conducted in Spain, Sweden, India, UAE,
Saudi Arabia and the UK, the company’s sales pipeline has grown to
over $5 million of which they hope to convert 50% into orders for
delivery during Q3 and Q4 of 2021.
Ilus International announced that it will be releasing a product
portfolio awareness campaign over the next few weeks which will
update shareholders on the technology being developed and sold by
the company as well as on its current customers and customers it is
in discussions with.
With the global fire suppression market rapidly growing and
expected to be worth over $95 billion by 2025, ILUS has already
developed and has been testing technology for commercial kitchen
fire-suppression systems and is close to finalizing its route to
market for this ground breaking technology. In the USA alone, the
market for industrial fire protection systems for cooking already
exceeds $2.5 billion. In an already very competitive landscape,
ILUS’ key differentiator for its commercial kitchen systems is that
they utilize FireBug’s game changing low pressure water-mist
technology which is capable of extinguishing multiple classes of
fires with water only and eliminates the need for foam or powder
systems which damage both property and the environment. The new
technology is also far more cost effective than the current
technology available in the market. ILUS is expecting significant
uptake for this new technology when it is released.
One of the ILUS acquisitions, FireBug, has already achieved
international success with the sale of its revolutionary BacPac
portable fire fighting system. FireBug is now in the final stages
of testing its new lightweight carbon fibre second version of the
much-awaited BacPac, with many distributors already arranging
demonstrations and testing of the product, which ILUS says will be
the first of its kind globally.
ILUS International’s E-Raptor EV is the world’s first six-wheel
electric utility vehicle. The EV’s superior load carrying
capability combined with its zero emissions have already made it
very popular with multiple customers in the Middle East and Europe,
and ILUS now plans to have the E-Raptor certified for the USA
market. The company announced its plans to engage in this USA
certification process during the second quarter of 2021 whilst
further increasing its demonstration and rollout activity across
the Middle East and Asia during the same period.
ILUS International also confirmed that they are close to signing
an agreement with a German Unmanned Aerial Vehicle (UAV) Company
which will enable them to roll out Fire Fighting Drones complete
with FireBug’s technology suitable for wildfire fighting. The
company hopes to deliver this innovative technology to market by Q3
or Q4 2021 and will release more information once the agreement
with the German company is signed.
Following completion of the new joint TVC and FireBug Dubai
manufacturing facility which will house its Engineering team and
work in conjunction with the company’s UK manufacturing facility,
ILUS announced that it is now also focusing on expanding its
current staff complement of 45 global team members with the
recruitment of new Senior Management Team members and the filling
of numerous additional key positions across the spectrum of
Acquisitions, Sales, Marketing and Engineering. The company has
very recently employed a new Marketing Director who will lead the
implementation of the company’s marketing and communication
strategy whilst building and maintaining the overall branding and
image of the company.
ILUS International also announced that it is in discussions with
3 companies regarding acquisitions. The company aims to complete
two acquisitions in the second quarter of 2021, followed by their
first USA acquisition in the third quarter. ILUS revealed that it
had recently completed the final few outstanding legal matters
pertaining to its latest acquisition and therefore expects to
announce this acquisition very soon.
ILUS CEO, Nick Link, is incredibly pleased with the company’s
progress and is even more excited at the start of the second
quarter, saying, “I am incredibly proud of what we have
accomplished together in just a few short months. We are now even
more excited about the future and focused on delivering on our
immediate plans. I want to thank my team for their significant
efforts and our shareholders for their continued loyal
support.”
For further information on the companies please see their
communication channels:
Website: https://ilus-group.com
Twitter : OTC_ILUS
Nicolas Link CEO
Email : nick.link@ilus-group.com
Irina Shatalova PhD, MBA,
(PA to the CEO and Investor Relations)
Email: Irina.Shatalova@ilus-group.com
Source: ILUS
Related Links
https://ilus-group.com
Forward-Looking Information
Certain information set forth in this press release contains
"forward-looking information", including "future-oriented financial
information" and "financial outlook", under applicable securities
laws (collectively referred to herein as forward-looking
statements). Except for statements of historical fact, the
information contained herein constitutes forward-looking statements
and includes, but is not limited to, the (i) projected financial
performance of the Company; (ii) completion of, and the use of
proceeds from, the sale of the shares being offered hereunder;
(iii) the expected development of the Company's business, projects,
and joint ventures; (iv) execution of the Company's vision and
growth strategy, including with respect to future M&A activity
and global growth; (v) sources and availability of third-party
financing for the Company's projects; (vi) completion of the
Company's projects that are currently underway, in development or
otherwise under consideration; (vi) renewal of the Company's
current customer, supplier and other material agreements; and (vii)
future liquidity, working capital, and capital requirements.
Forward-looking statements are provided to allow potential
investors the opportunity to understand management's beliefs and
opinions in respect of the future so that they may use such beliefs
and opinions as one factor in evaluating an investment. These
statements are not guarantees of future performance and undue
reliance should not be placed on them. Such forward-looking
statements necessarily involve known and unknown risks and
uncertainties, which may cause actual performance and financial
results in future periods to differ materially from any projections
of future performance or result expressed or implied by such
forward-looking statements. Although forward-looking statements
contained in this presentation are based upon what management of
the Company believes are reasonable assumptions, there can be no
assurance that forward-looking statements will prove to be
accurate, as actual results and future events could differ
materially from those anticipated in such statements. The Company
undertakes no obligation to update forward-looking statements if
circumstances or management's estimates or opinions should change
except as required by applicable securities laws. The reader is
cautioned not to place undue reliance on forward-looking
statements. The Securities and Exchange Commission ("SEC") has
provided guidance to issuers regarding the use of social media to
disclose material non-public information. In this regard, investors
and others should note that we announce material financial
information on our corporate website, www.ilus-group.com,
in addition to SEC filings, press releases, public conference calls
and webcasts. We use these channels as well as social media to
communicate with the public about our company, our services and
other issues. It is possible that the information we post on social
media could be deemed to be material information. Therefore, in
light of the SEC's guidance, we encourage investors, the media, and
others interested in our company to review the information we post
on the following U.S. social media channels: Twitter
OTC_ILUS.
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