OTC: ILUS, ILUS International (Ilustrato Pictures International Inc) Acquisition, Vira Drones, Confirms Pre-Order Discussions for One Hundred Vira M500 Unmanned Aerial Vehicles
February 17 2022 - 3:08PM
InvestorsHub NewsWire
NEW YORK, NY -- February 17, 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. ILUS recently acquired Vira Drones, an Unmanned
Aerial Vehicle (UAV) company based in Germany and Switzerland. Vira
Drones develops and manufactures UAVs or Industrial Drones which
provide the unmanned capability of light helicopters. Their
revolutionary technology for the rescue and logistics sector has
piqued interest from potential global customers and partners. ILUS
can confirm that Vira Drones is now in pre-order discussions with a
global company for one hundred Vira M500 rescue UAVs. The total
order value being discussed is $60 million with a pre-order deposit
of $6 million and delivery in the fourth quarter of 2023.
ILUS CEO, Nick Link, said: “Our teams are often in discussions
regarding orders or taking pre-orders, therefore we had not
originally considered publishing this news. In this case, we feel
that even though it is highly likely that Vira Drones could receive
this pre-order for 100 rescue drones, it is most important for our
Shareholders and Interested Parties to visualize the extraordinary
potential and value that exists within the Vira Drone business.
Typical government or military organizations are looking to
purchase more than 5 units at a time and Vira Drones has several
opportunities in its pipeline for 10 or more units. Opportunities
can be won or lost but we are thrilled by the demand for the Vira
Drones technology and the number of customers and aviation partners
who are interested in pre-ordering their solutions.”
Vira Drones, which was acquired by ILUS in January 2022, creates
industrial heavy drones (UAVs) for the rescue, logistics and
military sectors. With Vira Drones’ proprietary technology, their
UAVs can carry loads of up to 1000kg for as long as two hours,
making their UAVs a viable unmanned alternative to light
helicopters and free of their limitations. The Vira Drones product
range currently consists of the Vira M250, M500 and M750 which have
a payload of 250kg, 500kg and 750kg respectively. The Vira M250 has
a flight time of up to 4 hours and maximum speeds for the UAVs
range from 125 to 150 km/h.
Vira Drones previously developed a rescue UAV concept model
based on its M500 UAV to provide the capability to rescue victims
from disaster sites such as in the event of flooding, wildfires,
and structure fires (burning buildings). The concept UAV can
transport various configurations of firefighting equipment, rescue
equipment, and emergency supplies, or it can transport as many as 5
victims should they need rescuing. Having stepped up its business
development efforts since its acquisition by ILUS, Vira Drones has
been in multiple discussions with international organizations,
government authorities and aviation companies regarding its full
range of UAVs. As a result, the company is now in discussions for
the pre-order of one hundred rescue UAVs and is also in further
discussions with companies regarding pre-orders for its smaller
M250 logistics UAV.
ILUS is currently focused on Vira Drone’s registration of
patents and certifications whilst redesigning the company’s website
and improving the overall marketing aspects of the business. On the
production front, Vira Drones is beginning its production of three
M250 drones which will be used for flying demonstrations and
exhibitions. ILUS is also exploring available options for hydrogen
powered technology as well as for automation software, either
through partnership or acquisition.
“Since our acquisition by ILUS, we are accelerating all aspects
of our business. We are pleased to see the interest in our
technology from large global organizations and to be involved in
promising discussions regarding several pre-orders, including for
one hundred rescue drones. Our primary focus is the protection of
our IP through the registering of patents and to build our first
commercial flying drones.” - Valeriy Gorshkov, CEO of Vira
Drones.
ILUS Managing Director, John-Paul Backwell, commented: “Since
acquiring Vira Drones, we have been hard at work planning for the
sustainable growth of the business. However, we have also been
inundated with requirements for the technology. Vira Drones holds
immeasurable potential for ILUS and its Shareholders, especially
when one considers that several UAV companies have recently
received billion-dollar valuations, despite having zero revenue or
certifications and in most cases, not even a flying product. In the
short-term we are driven towards the patent registrations,
marketing improvements and the production of three M250 units for
testing, demonstration and agreed proof of concepts with customers
and aviation partners. Successful completion of this next phase
will position Vira Drones for exponential growth and a substantial
valuation, but we are most excited about seeing the technology
being used to solve real world problems in disaster management,
emergency response and public safety.”
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 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
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