OTC:ILUS, ILUS International
(Ilustrato Pictures International Inc), Acquires Bright Concepts
Detection & Protection LLC, a Specialist Fire & Security
Systems Integrator Which Currently Operates Out of Dubai, United
Arab Emirates
NEW YORK, NY -- April 13, 2021 -- InvestorsHub NewsWire -- ILUS
International(OTC:
ILUS) is a M&A company focused on acquiring and developing
technology companies.
Founded in 2014, Bright Concepts Detection & Protection
LLC (BCD), is a profitable Fire Systems Integrator which
employs approximately 40 staff for the design, installation and
maintenance of Fire Fighting Systems and Pumps for major
infrastructure projects. BCD currently operates from its own
warehouse and maintenance facility located in Dubai, United Arab
Emirates. The company is currently working on 3 large projects for
major hotel groups including the new Five Hotel & Resort, Rove
Hotel and a new 60-floor tower hotel in Dubai. BCD currently has a
healthy sales pipeline including the imminent award of 2 more large
projects totaling $3 million over 2 years. The company
has an exceptionally strong in-house engineering team with combined
experience of more than 50 years and crucially, holds the relevant
operating licenses for the design, installation and maintenance of
Fire Systems. BCD has built a credible reputation of delivering
projects for major contractors in the United Arab Emirates, such as
Nakheel, Emaar and Meraas. ILUS CEO Nicolas Link has been a close
ally of retiring BCD CEO, Mr. Narinder Chadha, for more than 15
years, dating back to previous businesses which they both headed
up. ILUS has acquired BCD for an undisclosed sum which
was paid for mostly with cash and some restricted shares.
FireBug, a wholly owned subsidiary of ILUS, and BCD have been
aligning and structuring a take-over for 2 years with the goal of
providing ILUS with the most effective route to market for its
Fixed Fire Fighting Systems. This also includes its new Kitchen
Fire Suppression System which is undergoing testing and is due to
be released to the market in the third and fourth Quarter of
2021.
ILUS already has a range of technology patents with more
products currently in development to be tested, certified and
patented over the coming months. The technology is largely focused
on delivering a highly efficient low pressure water mist to
extinguish fires. ILUS’ technology uses science to fight the fire.
*A basic explanation of the science involved is that any fuel
decomposes with heat and this gives off a micro layer of gas which
reacts with oxygen to ignite and combust in a process called
Pyrolysis. It is therefore this layer of burning gas that the
technology developed by ILUS tackles. It works by injecting small
droplets of water at a low pressure which covers a larger surface
area than water itself and is most effective in cooling the fuel,
diluting the gas and reducing the oxygen, thus tackling all sides
of the fire triangle simultaneously and not relying on wetting the
surface to extinguish the fire as with conventional technology.
ILUS’ low-pressure water mist technology is capable of
extinguishing fires which can usually not be extinguished with
water only, such as liquid fires including cooking oil fires. The
technology typically uses 63% less water than conventional
technology for effective firefighting.
ILUS’ technology was initially rolled out for the Emergency
Services in the form of Fire & Rescue products such as
hand-held Nozzles and portable Pumps, and the second part of the
roll out is the same low-pressure water mist technology being used
in fixed fire suppression systems such as in the automatic
detection and extinguishing systems required for commercial
kitchens, conveyor belts, robotic manufacturing, power generation,
mining, transportation, marine and oil and gas sectors to name a
few. The company has installed several prototype systems as part of
the first round of testing but has primarily been focused on the
development of its commercial kitchen fire suppression system at
this stage.
ILUS has developed a revolutionary Commercial Kitchen Fire
Suppression System which uses its fine low-pressure water mist
droplets for extinguishing commercial kitchen fires quicker, safer
and more cost effectively than with conventional systems. The
technology also minimizes property damage when compared to high
pressure and foam extinguishing systems – it is important to note
that a commercial kitchen could be put out of business for days in
the event of a small fire or false alarm if a conventional fire
suppression system is used, whereas with ILUS technology, it could
be operational within hours. Commercial kitchens also experience
many false alarms which with conventional technology, can cause
significant down time due to contamination caused by the system
discharge. ILUS’ technology alleviates this problem.
The ILUS team will begin the certification process for the
Commercial Kitchen Fire Suppression System by the end of the second
quarter and aims to begin sales and installations towards the end
of the third quarter and into the fourth quarter of 2021. The
system will be sold through integrators and installers globally and
there are already trials underway with well-known brands in the
Middle East and Europe.
ILUS is also involved with the development of Virtual Reality
(VR) Fire Training Software which will be rolled out in the Middle
East through the BCD acquisition.
ILUS CEO, Nick Link, said, “The BCD acquisition will allow ILUS
to carry out direct installation and maintenance of the ILUS Fixed
Fire Suppression Systems in the Middle East. This will enable ILUS
to keep a larger share of profit margins and position other ILUS
group products such as those from FireBug and TVC, to be sold to
the BCD customers. We believe that the synergy between all
companies within the ILUS group will increase the annual revenue
per customer and lower the cost of acquiring new customers in the
region.”
ILUS will now place a large focus on growing the BCD Fire
Equipment Maintenance business which will generate recurring
revenue for ILUS. Linked to this, the company is also looking to
increase the leasing of equipment and the rollout of the VR fire
training modules in the form of Software as a Service (SaaS)
contracts, both of which will increase recurring revenue for the
company.
BCD has traditionally always been a project driven business with
a steady flow of projects that have often exceeded their capacity.
Their reputation has been the key driving factor behind their
ability to secure contracts and they have therefore not required a
substantial web or social media presence. The expanding ILUS
marketing team have set up a basic level of web presence in a short
period of time and will be expanding the social media presence to
share some of BCD’s past and present projects whilst also updating
and expanding both FireBug and TVC’s online marketing
presence.
Nick Link, ILUS’ CEO, gave his thoughts on the overall progress,
saying, “The business units and the overall plan is coming together
beautifully. We have a tremendous amount of work going on behind
the scenes and still to do over the coming weeks and months. We are
expanding our team in order to deliver our strategy as quickly as
possible. Everyone onboard is incredibly excited about the future
of ILUS and we look forward to updating shareholders about the
progress of the current business units and the imminent additional
future acquisitions.”
For further information on the ILUS group of companies, please
see their respective communication channels.
Website: https://ilus-group.com
Twitter : OTC_ILUS
Twitter : BCD_Fire
Ir@Ilus-group.com
Info@bcd-fire.com
Source: ILUS
Related Links
https://ilus-group.com
https://bcd-fire.com
*The Fire Science explanation is a very simplistic explanation
for readers to grasp the fire concept and the concept behind the
ILUS technology and is not intended to explain exact fire
science in detail and therefore wording and descriptions have
also been simplified for easier understanding by the
reader.
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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