U.S. markets closed
  • S&P 500

    4,432.99
    -40.76 (-0.91%)
     
  • Dow 30

    34,584.88
    -166.44 (-0.48%)
     
  • Nasdaq

    15,043.97
    -137.96 (-0.91%)
     
  • Russell 2000

    2,236.87
    +3.96 (+0.18%)
     
  • Crude Oil

    71.96
    -0.65 (-0.90%)
     
  • Gold

    1,753.90
    -2.80 (-0.16%)
     
  • Silver

    22.36
    -0.43 (-1.90%)
     
  • EUR/USD

    1.1732
    -0.0040 (-0.34%)
     
  • 10-Yr Bond

    1.3700
    +0.0390 (+2.93%)
     
  • GBP/USD

    1.3737
    -0.0059 (-0.43%)
     
  • USD/JPY

    109.8950
    +0.1770 (+0.16%)
     
  • BTC-USD

    48,250.57
    +1,259.88 (+2.68%)
     
  • CMC Crypto 200

    1,193.48
    -32.05 (-2.62%)
     
  • FTSE 100

    6,963.64
    -63.84 (-0.91%)
     
  • Nikkei 225

    30,500.05
    +176.71 (+0.58%)
     

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

  • Oops!
    Something went wrong.
    Please try again later.
·9 min read
In this article:
  • Oops!
    Something went wrong.
    Please try again later.

NEW YORK, Sept. 13, 2021 (GLOBE NEWSWIRE) -- via NewMediaWire -- 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

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 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