NEW YORK, NY -- February 4, 2022 -- InvestorsHub NewsWire --
ILUS International Inc (OTC:
ILUS) is a Mergers and Acquisitions company focused on
acquiring and developing public safety technology-based companies
across the globe. In just over one year since new management took
over ILUS, the company has already added its sixth strategically
aligned acquisition to its stable.
ILUS is acquiring KurveXR from TakeLeap, a futuristic technology
company which creates artificial intelligence and machine learning
solutions. KurveXR is the profitable and valuable Virtual and
Augmented Reality division of TakeLeap, which ILUS is acquiring.
The agreed acquisition develops and delivers training solutions for
public safety including fire safety, emergency response, community
safety, security, and corporate onboarding. As a company that began
its life through the development of disruptive firefighting
technology, ILUS is excited to continue this trend by now becoming
the first company to offer fire safety training in the
Metaverse.
Through the acquisition of KurveXR, ILUS is expanding its reach
into the Metaverse market which is growing at meteoric speed.
Already valued at $500 billion, the global Metaverse market is
currently expected to exceed $1 trillion by 2025. Such is the
potential that Goldman Sachs recently referred to the Metaverse as
an $8 trillion revenue opportunity. Also demonstrating exponential
growth potential, the global Augmented Reality (AR) and Virtual
Reality (VR) market is expected to reach $300 billion by 2024. In
partnership with TakeLeap, ILUS had already been exploring this
market potential in the Middle East through its acquisition, BCD
Fire. Having witnessed firsthand how the technology will
revolutionize public safety and security as well as the
extraordinary revenue potential from its licensing models, ILUS
made the decision to acquire KurveXR from TakeLeap.
Nick Link, CEO of ILUS, said the following: “Following on from
the recent acquisition of Vira Drones, we are now further advancing
our disruptive technology with the addition of KurveXR to our
portfolio. We have been working with TakeLeap for some time now,
and it is exciting to acquire this perfectly aligned virtual and
augmented reality division from them to drive forward our growth in
the public safety and security arena. This is another acquisition
which will rapidly expand and achieve an extraordinarily high
valuation. We are entering the Metaverse and will be the first to
offer lifesaving technology in this space.”
KurveXR is based out of Dubai, United Arab Emirates with a
software development hub in Southeastern Europe. ILUS is acquiring
a substantial wealth of software code and intellectual property.
For example, KurveXR has already developed over 6,000 custom
digital assets for its training software. Putting this into
perspective, a single 3D digital asset can take up to 4 months to
develop. ILUS expects to generate $25 million over the next 24
months through KurveXR’s profitable software licensing model, given
that the company already has contracts in place in seven countries.
KurveXR is already discussing several substantial contracts in
Europe and Asia. ILUS is already focusing on expanding the agreed
acquisition’s current customer base beyond the Middle East and
Europe and will be opening an office for the company in Florida,
USA early in the second quarter of 2022. ILUS will also be moving
five key members of the KurveXR team to Florida from Dubai to ramp
up its global expansion. The team members will include the
company’s CEO, Sales Director, Lead Software Engineer, Marketing
Manager and Technical Support Manager. Beyond this, ILUS expects to
grow the US team, especially as the company is already in the
process of developing solutions for several US headquartered
customers.
KurveXR currently offerstwenty-two VR and AR training simulation
software modules for fire safety, first aid and basic onboarding.
These modules are designed according to local standards and can be
purchased “off the shelf” by customers. The fire safety training
module includes individual tutorials which teach learners about the
common causes of fire, fire triangle, fire classification, types of
fire extinguishers and how to use a fire extinguisher. Further
tutorials include fire detecting equipment, firefighting equipment,
fire alarm response protocol, evacuation protocol and incident
reporting. In terms of the existing fire extinguishing training
simulations, tutorials include training for the extinguishing of
electrical fires, combustible material fires, kitchen fires and
chemical storage fires. The first aid module includes tutorials for
first aid information, emergency response protocols, CPR, external
bleeding, internal bleeding, fractures, broken bones, burns, eye
wounds, choking, incident reporting and finally, health and
wellbeing. The software includes a dynamic dashboard for both
individuals and management to monitor progress, results and
download certifications. “Off the shelf” modules which can also be
purchased via the company’s website, are currently in place for the
following environments: corporate offices, manufacturing facilities
(factories), retail outlets and hospitality facilities (hotels and
resorts). The company also develops customized modules for HSE
training (Health, Safety and Environmental) which many
multi-national companies are required to provide to their staff.
Bespoke VR and AR modules are developed for firefighting training,
fire protection training, security awareness, security protocols,
disaster preparedness, emergency response, COVID-19 testing and
more. It is ILUS’ intention to rapidly expand the current product
offering by rolling out a further twenty-five modules
anddemocratize widespread access to potentially lifesaving VR and
AR training.
Organizations today are required to adhere to local, regional,
and national health and safety regulations through
the training and education of staff. It is essential for
companies to empower their staff to maintain a safe working
environment through the ability to protect themselves, their
colleagues, and their company’s assets. Fire and Life safety
training remains a key component of the regulated health and safety
training requirement globally. Hotels, Schools, Hospitals,
Restaurants, Airlines, Corporate Enterprises, Emergency Services
and many more sectors are required to ensure that their staff
complete fire and life safety training on an ongoing basis.
Currently, this training is costly, time consuming and inefficient.
It almost always requires a trainer or group of trainers to deliver
the training in-person.
The implementation of VR and AR training packages by companies
means there is a minimal need for large numbers of learners to be
divided into groups and training can be conducted much quicker.
Learners receive additional benefit from experiencing real
scenarios and threats to safety which often isn’t the case in a
classroom environment. Standardization of the course curriculum is
a key benefit of Virtual Reality training. Courses can obtain
approval and certification from the relevant local authorities and
therefore organizations deploying the training can have complete
confidence that the approved training is being delivered repeatedly
to the learners. The solutions can be customized by country so that
the training program can be used globally by multi-national
organizations across their chains, maximizing efficiency, reducing
cost, and improving quality control.
Additional advantages of the VR and AR training include maximum
involvement and attention of the learners since the training is
engaging and more enjoyable. The increased attention combined with
the practical experience improves responses during real life
situations. VR and AR Training speeds up the onboarding process for
new staff and improves the level of practical knowledge retention
within an organization. It reduces the need for large spaces to be
used for training as it can be completed at home or in the
boardroom. This reduces cost, schedule conflicts and even
pollution.
ILUS aims to play a leading role in the transformation of all
five phases emergency management: prevention, mitigation,
preparedness, response, and recovery. The acquisition of KurveXR is
significant in that the technology can impact on all five phases.
ILUS is progressing strongly with its strategy of acquiring
manufacturing, distribution, and technology advancement companies.
The company remains focused on its foundational fire and rescue
business whilst also expanding into the wider public safety
sector.
John-Paul Backwell, Managing Director of ILUS, concluded with
the following: “ILUS is entrenching its tentacles into the entire
emergency response ecosystem. KurveXR’s technology aligns perfectly
with our technology advancement strategy. KurveXR is the future of
safety and security training. The foundation is firmly in place for
this company to become one of ILUS’ most valuable assets. The
intellectual property, written code, licenses, experienced
development team, existing customers and a pioneering roadmap are
just a few of the fundamentals that make KurveXR truly special.
There will be more to come from us as we continue to bring more
disruptive and complimentary technology into our fold.”
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
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