OTC: ILUS, ILUS International (Ilustrato Pictures International Inc), Summarizes the Interview on 8th September 2021 Conducted by Jonathan Burbank with ILUS Managing Director, John-Paul Backwell
September 13 2021 - 3:22PM
InvestorsHub NewsWire
NEW YORK, NY -- September 13, 2021 -- InvestorsHub NewsWire --
ILUS International Inc (OTC:
ILUS): ILUS is a Mergers and Acquisitions company focussed on
acquiring and developing public safety technology-based companies
across the globe. As part of the fulfilment of its strategy, ILUS
is currently working on acquisitions in the US and Europe, updating
its Share Structure, working on several initiatives within its
existing acquisitions and on the development and certification of
new complementary technologies. Recently, ILUS Managing Director,
John-Paul Backwell, sat down with Jonathan Burbank for a live
stream interview which is currently available for viewing on
YouTube. In this interview, John-Paul Backwell answered questions
on the latest developments at ILUS as well as its upcoming plans,
with the details revealed in this interview briefly summarized
below, followed by the viewing link to the interview itself.
When asked about the total number of initiatives that ILUS is
working on, with initiatives being summarized as acquisitions and
new projects or partnerships, John-Paul Backwell confirmed that
ILUS is currently working on more than 20 initiatives.
As part of the initiatives, the company currently has 10
acquisitions in its pipeline within the US, Europe, and the Middle
East. These potential acquisitions are at various stages of
exploration and due diligence, which has led to a strong deal flow.
For a mergers and acquisitions company, deal flow is highly
critical, especially as some of these deals can take time to
complete their cycle, with some deals not passing through their
respective due diligence stages. ILUS has a solid pipeline of deals
which closely align with its strategy; therefore, the company does
expect to close most of its targeted deals. Of the 10 acquisitions
in the pipeline, ILUS is in the final stages of due diligence and
purchasing negotiations for 4 potential acquisitions in the US. Two
of these acquisitions have provisionally agreed purchase offers in
place. In Europe, ILUS has agreed a deal in principle for a large
acquisition which will enable large scale manufacturing capability
and is linked to a possible large manufacturing contract. Regarding
this deal, the company is now going through the required
governmental administrative procedures, some of which were delayed
by the recent August vacation in the region. With business now
resuming as normal within the region, ILUS hopes to complete this
deal very soon. Further acquisition discussions are taking place
with companies in the UK and Middle East, with these targeted
acquisitions all generating consistent revenue and as with the US
acquisitions, they hold significant growth potential and strategic
value for the company.
ILUS confirmed that it is also currently working on more than 10
new partnerships and projects. Some of the partnerships are as
follows:
- Milanion autonomous firefighting vehicle partnership where the
vehicle development is ongoing, and a prototype is being
tested.
- Takeleap Virtual Reality training platform where the software
development for Fire Extinguisher Training and CPR training is
complete and as a first step towards sales, BCD Fire has recently
hired a new salesperson to promote and sell this technology in
Dubai.
- The firefighting drone partnership, whereby the large
firefighting drone has the capacity to carry up to 1 ton of weight.
This technology is currently undergoing proof of concept testing in
Europe.
- Reconnaissance drones for firefighting situational awareness
and asset maintenance surveillance. ILUS is currently exploring two
potential partnerships for this technology.
- Partnership on a US developed intelligent emergency response
communication platform with connected building technology, which
enables first responders to arrive on scene quicker and operate
more efficiently on arrival.
Some of the projects include:
- The development of a comprehensive E-Raptor range of
all-electric commercial utility vehicles (UTV’s) to complement the
existing E-Raptor 6x6 UTV which is the world’s first and only
6-wheeled electric UTV. The range will include an electric 4x4 UTV
in flatbed and dump-bed format and a 4-seater road legal commercial
passenger vehicle for event safety and last mile
transportation.
- The testing and certification of ILUS’ fixed water mist systems
for kitchen fires and battery fires. ILUS is already in discussions
with large companies utilizing battery powered technology for the
deployment of its unique water mist firefighting technology to
rapidly suppress and extinguish battery compartment fires in
passenger vehicles, public transportation, and energy storage
facilities.
- Obtaining of the A license for ILUS acquisition, BCD Fire,
which will enable the company to install and maintain fire systems
in multiple buildings simultaneously, with no restriction on the
number of floors per building in the United Arab Emirates (UAE).
Under current licensing, BCD Fire can only install these systems in
certain buildings through a sub-contractor and despite this, it has
already been awarded large contracts since being acquired by ILUS,
including the contract for the world’s tallest office tower, Burj
2020. With the A license in place, BCD Fire will be one of only a
handful of companies in the UAE which can perform installation and
maintenance of fire systems in all buildings, regardless of size
and complexity.
- The research, testing, and procurement of a comprehensive range
of wildland firefighting equipment and turnout gear to be on sale
in the US this year, through an upcoming US acquisition.
- The ILUS research, development and manufacturing facility in
Dubai is in the process of completing its ISO9001 Quality Assurance
Certification.
- The research and development of wearable technology for
firefighters which will integrate the backbone of existing virtual
reality technology and monitoring sensors to provide firefighters
with on-scene monitoring capability including incident command
communications, heat stress monitoring, oxygen level monitoring,
chemical and particulate monitoring, ECG technology to monitor for
cardiac events, navigation guidance etc.
The ILUS strategy in the US is to acquire new technology which
complements its existing technology and its global rollout
strategy. The company will also acquire a route to market and local
market knowledge. Mr. Backwell explained that having originally
sought to establish new distribution centres and a new
manufacturing facility in the US, ILUS is currently in the process
of acquiring a profitable distribution centre with a comprehensive
range of existing products, exclusive distribution agreements
already in place, servicing and maintenance revenue already being
generated, a clear route to market in place and an existing
experienced team. The company is also acquiring its planned US
manufacturing capability for its existing firefighting vehicle and
pump technology through two more US acquisitions which are
currently underway. Beyond this, ILUS is assessing the acquisition
of a fixed fire system and fire protection company which has the
technical capability to install ILUS’ fixed water mist systems for
kitchens, battery compartments, engine compartments etc. This
company already has prominent contracts in place for the
installation and maintenance of kitchen hood fire systems within
their local region of the US.
ILUS has made several new hires in addition to those indicated
in press releases. These new hires form part of the administrative,
engineering, operations, marketing, and sales teams. The company is
in the process of hiring additional US sales and marketing
resources in preparation for upcoming acquisitions.
Finally, ILUS confirmed that it hopes to complete the first
phase of its anticipated Share Structure update this week.
The link to the interview can be found here: https://youtu.be/BI9t571C0Gc
For further information on the companies, please see their
communication channels:
Website: https://ilus-group.com
Twitter: OTC_ILUS
Email: IR@Ilus-Group.com
Source: ILUS
Related Links
https://ilus-group.com
Forward-Looking Statement
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 via official Press Releases, in addition to SEC
filings, press releases, Questions & Answers sessions, public
conference calls and webcasts also may take time from time to time.
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, considering the SEC's
guidance, we encourage investors, the media, and others interested
in our company to review the information we post on the following
social & media channels:
website: https://ilus-group.com
Twitter: OTC_ILUS
Note: ILUS Coin does not sit within ILUS International Inc
(Ilustrato Pictures International Inc), so the public are
recommended to follow the correct Media Channels relating to the
public company OTC: ILUS
Ilustrato Pictures (PK) (USOTC:ILUS)
Historical Stock Chart
From Aug 2024 to Sep 2024
Ilustrato Pictures (PK) (USOTC:ILUS)
Historical Stock Chart
From Sep 2023 to Sep 2024