NEW YORK, NY -- February 11, 2022 -- InvestorsHub NewsWire --
ILUS International Inc (OTC:
ILUS), ILUS is a Mergers and Acquisitions company focused on
acquiring and developing public safety technology-based companies
across the globe. Having completed several acquisitions within its
first year since taking over from previous management, ILUS has
also since completed its first full financial year. The company is
now providing its expected revenue for its current acquisitions and
business divisions along with a summary of the plan for each
business.
As a young, high-technology company, ILUS has laid a solid
foundation through its early acquisitions of disruptive public
safety technology companies. ILUS now has several patents, a vast
amount of intellectual property, its own global manufacturing
facilities, and the beginnings of its own distribution network.
Building on this strong foundation, ILUS is now entering its
scale-up phase and is expecting 300% growth in 2022. Key to the
company’s high valuation potential is its ability to generate high
margin sales through its ownership of the entire production and
sales lifecycle, combined with its ownership of not one, but
several high-growth public safety solutions. ILUS’ management
believes that the company has the potential to quintuple its 2022
revenue expectations and generate hundreds of millions in revenue
in the next two to three years. With multiple disruptive,
high-technology subsidiaries such as Vira Drones and KurveXR, ILUS
could achieve valuations into the high hundreds of millions or even
billions of dollars for these subsidiaries, considering that
several of their competitors have achieved billion-dollar
valuations despite being pre-revenue.
Since ILUS began operating under new management in January 2021,
the company made 3 acquisitions prior to December 2021. In its
first 11 months of operations, ILUS generated $11 million, having
achieved nearly 45% growth from the 3rd to the
4th quarter of 2021. ILUS has now acquired 6
companies and is currently completing the acquisition of a further
4 companies. From its completed and current round of acquisitions,
ILUS expects to increase its 2022 revenue on a quarterly basis to a
run rate of $40 to $55 million.
ILUS is currently integrating its new acquisitions to drive
their growth. The company is managing several variables such as the
cross-pollination of technologies across the group, hiring and
training of new staff, improving the marketing of each acquisition,
restructuring divisions of the business, focusing on product
certifications, and further patent registrations. These and many
more key elements will influence the growth rate of the company, as
will factors such as the COVID-19 pandemic becoming more endemic
and less disruptive to the company’s growth. These variables play a
key role in the company’s associated variable revenue
expectation.
ILUS’ first acquisition in January 2021 was that of FireBug, a
UK and UAE manufacturer of innovative firefighting equipment and
rapid response vehicles which are centred around the acquisition’s
disruptive water mist technology that can extinguish multiple
classes of fires without the use of additional chemicals and can
save up to 65% of the water used in traditional firefighting. This
acquisition was followed by that of The Vehicle Converters (TVC) in
the UAE, which fabricates and assembles ambulances, police
vehicles, security vehicles, mobile workshops and more. ILUS’ third
acquisition was that of BCD Fire in the UAE, which supplies and
installs fire protection systems in some of Dubai’s most prominent
skyscrapers, hotels and resorts, hospitals, and airports. In 2022,
ILUS expects to generate $5-6 million from FireBug, $3-4 million
from TVC, and $6-8 million from BCD Fire.
ILUS plans to incorporate FireBug’s firefighting equipment and
vehicle technology into its Emergency Response Technologies
division. Going forward FireBug’s firefighting equipment and
vehicles, which are currently manufactured in the UK and UAE, will
be manufactured at the company’s new factory in Southeastern Europe
and in Houston, Texas for its US customers. In the US, FireBug’s
products will initially be distributed by Georgia Fire. ILUS is
working on the acquisition of further distributors in the US and
globally for the purposes of strengthening its foothold in the
industry and for controlling the distribution of FireBug’s
products. From Georgia Fire’s current product range alone, ILUS
expects to generate a further $4-5 million in annual revenue.
ILUS will also move Bull Head Products and TVC into its
Emergency Response Technologies division. Bull Head Products and
TVC are both vehicle fabrication and assembly experts and ILUS is
planning to merge TVC with Bull Head Products to widen the Bull
Head Products product range and bring TVC’s offering to the US
market, whilst also establishing Bull Head Products in the UAE to
service ILUS’ oil and gas customer base. ILUS expects to generate
$3-4 million from Bull Head Products in 2022.
In addition to the above, ILUS aims to add further
manufacturing, distribution and technology advancement acquisitions
and partnerships to its Emergency Response Technologies
division. In this division, ILUS will incorporate current and
future patented firefighting technology, disruptive technology such
as wearable technology utilizing IoT, robotics and automation,
rescue drones, rapid response, and incident management
solutions.
BCD Fire will be incorporated into ILUS’ Integrated Systems
division which is responsible for the company’s fire protection
systems and fixed firefighting systems. To this division, ILUS will
also be adding Houston based Precision Powered Products, which
currently specializes in the manufacturing for fixed firewater pump
systems and houses the engineering skills for the manufacturing of
both ILUS fixed firefighting systems and mobile firefighting pumps.
ILUS expects to generate $9-11 million from Precision Powered
Products in 2022. In addition to fire protection and fixed
firefighting systems, ILUS will also incorporate smart sensor
technology and aligned solutions such as VR and AR fire safety
training into its Integrated Systems division.
ILUS plans to house its newly formedRenewable’s divisionat its
new manufacturing facility in Southeastern Europe, where it is
going to receive several millions in government subsidies and
incentives for employment and operations. Here, the company will
manufacture its current ERaptor commercial electric utility
vehicles and the expanded ERaptor range.ILUS conservatively expects
to generate $3-4 million in ERaptor sales during 2022, with revenue
increasing sharply in 2023 as it gains traction with a wider range
of vehicles and a more extensive distribution network. The company
has a clear strategy for the growth of its Renewable’s division
which it will reveal in due course.
Also in Southeastern Europe, where ILUS is acquiring an enormous
manufacturing facility through a significant government
privatization deal, the company will further develop and
manufacture its firefighting equipment and vehicles, drones,
ambulances, and military vehicles for export globally. Here too,
ILUS will receive several millions in government subsidies,
incentives, and potential manufacturing contracts which will
substantially reduce manufacturing costs and increase margins.
ILUS recently acquired KurveXR from TakeLeap. KurveXR
develops and delivers VR and AR training solutions for
public safety, including fire safety, emergency response,
community safety, security, and corporate onboarding. The
company is currently based out of Dubai, United Arab Emirates with
a software development hub in Southeastern Europe. Early in the
second quarter of 2022, ILUS will be opening a KurveXR office in
Florida, USA. Although ILUS is entering the $500 billion metaverse
market through its acquisition of KurveXR, the disruptive
technology developed and sold by KurveXR is still in the early
stages of being widely accepted and adopted globally, despite the
rapidly growing need for the more efficient and cost-effective
technology. ILUS therefore expects to generate 2022 revenue from
KurveXR in the region of $3-5 million. KurveXR will be targeting
global multinationals and holds the potential to rapidly increase
revenue from the 3rd and
4th quarters of 2022. Going into 2023, ILUS expects
KurveXR to be generating well over $5 million of license revenue
per quarter. Although elements of KurveXR’s technology will be
incorporated into ILUS’ Integrated Systems division, the company
will continue to develop further innovative technologies for
multiple sectors of the public safety industry and operate as its
own division under ILUS.
Vira Drones, which was acquired by ILUS at the start of 2022,
will continue to operate as its own division from its current
locations in Switzerland and Germany. Once the technology moves
towards larger scale commercial production, the company will shift
its manufacturing to Southeastern Europe, where it can scale up
production more cost effectively. Vira Drones will begin generating
revenue from the 3rd and
4th quarters of 2022 once type-approvals and
patents are approved. ILUS expects Vira Drones to generate $1-2
million in 2022 from various proof of concept opportunities, such
as with the World Food Programme. With several further
opportunities in its pipeline for 4-30 units, this forecast could
be comfortably exceeded. The focus for Vira Drones is to register
patents, obtain necessary certifications, complete further
prototypes, increase manufacturing capability and develop the
“flying as a service” model. Delivery in these areas is key to Vira
Drones obtaining a multi-billion-dollar valuation in the
medium-term future. Once relevant approvals are in place, ILUS is
confident that Vira Drones can generate tens of millions and
rapidly onwards towards hundreds of millions in revenue
ILUS previously announced that it has partnered with Incident
Management Software company, 911Inform and has obtained a global
OEM license for the sale of the innovative software. The software
solution, which is a game-changing crisis management tool to aid
first responders, is currently being sold by ILUS acquisition, BCD
Fire. The company is already in discussions with authorities in
Singapore, Dubai, and London for large potential projects and ILUS
expects to generate $3-6 million from its sales of 911Inform in
2022. ILUS is also working on a large acquisition in this space in
a longer-term effort to build a comprehensive rapid response
emergency management ecosystem where all ILUS technologies are
utilized.
Further 2022 plans by ILUS include its significant entering of
the Defense sector and consequently the creation of its Defense
division. In addition, ILUS plans to incorporate an upcoming UK
acquisition into its Emergency Rescue Technologies division and an
upcoming US fixed firefighting systems acquisition into its
Integrated Systems division.
From an administration perspective, a significant effort is also
being made to consolidate and streamline the multiple businesses
and increase efficiencies. One such example is the current
implementation of Netsuite’s Enterprise Resource Planning (ERP)
Software to integrate resource planning and financial management
across the businesses. Given the already substantial challenge to
manage so many growing businesses, and with many new deals in the
pipeline, ILUS is acutely aware that it needs to scale-up its
administration capability. The company is therefore creating four
regional management hubs: ILUS Industries USA, ILUS Industries
Middle East, ILUS Industries UK and ILUS Industries Europe. These
regional subsidiaries will each build their own management teams
for the more efficient management and growth within each
region.
John-Paul Backwell, Managing Director of ILUS, concluded with
the following: “We are really excited about the future valuations
which reside within ILUS, and we believe that our technology-based
valuations will become substantial in the short to medium-term,
superseding that of any revenue-based valuation, given that we are
an early-stage business in only its 14th month of
operation. We are in the process of implementing a clear plan for
the consolidation and growth of our current businesses and
establishing the firm foundation required for the integration of
several more. There are many variables when it comes to forecasting
revenue for a company that has the cross-pollination of
technologies and several acquisitions being added every quarter. We
have chosen to forecast only our completed and current phase of
acquisitions, even though these numbers would be far exceeded as
new companies join the ILUS fold and larger deals in our sales
pipeline are closed. What’s most important is that we are
delivering substantial growth upon a firm foundation. Our team has
accomplished a great deal already this year and we have much more
still to complete this quarter, including some of our most exciting
deals.”
For further information on the companies, please see their
communication channels:
Website:https://ilus-group.com
Twitter: OTC_ILUS
Contact:
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 webcastsalso 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
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website:https://ilus-group.com Twitter:
OTC_ILUS
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