NEW YORK, NY, Sept. 15, 2022 (GLOBE NEWSWIRE) — via NewMediaWire — ILUS International Inc (OTC: ILUS) is a Mergers and Acquisitions company focused on acquiring and growing public safety and technology-based companies across the globe. With signed Letters of Intent to acquire two wildfire equipment manufacturers, and in line with upcoming subsidiary up list plans, the company is gearing up extensive manufacturing facilities for wildland firefighting equipment and specialist vehicles in Serbia.
In 2022, extreme wildfires have swept across huge swathes of land all over the world, destroying homes and threatening livelihoods. The frequency and severity of wildfires has increased and with globally increasing temperatures and an increased onslaught of droughts; the momentum is showing no signs of slowing. Some reports show that annually, wildfires cause as many as 400,000 global deaths, millions of injuries and billions in property and business costs. It is estimated that the cost of damage from wildfires is as much as 1-2% of GDP in some high-income countries.
ILUS’ emergency response subsidiary, Emergency Response Technologies (ERT), is rolling out acquisition and manufacturing plans which will soon make it the leading global wildland firefighting technology manufacturer and solution provider. As part of several acquisitions which are underway for the subsidiary, the company is in the process of completing the acquisition of two companies which specialize in the manufacture of wildland firefighting equipment. Both companies are already prominent wildfire equipment manufacturers and together, they hold the most extensive global distribution network.
To further accelerate the growth of the acquisitions, ILUS has agreed plans to open new state-of-the-art wildland firefighting equipment manufacturing facilities in Serbia. The Serbian facility will primarily manufacture wildland firefighting tools, pumps, and specialist vehicles.
The Serbian manufacturing plant will incorporate large manufacturing facilities for E-Raptor commercial EV manufacturing, Replay Solutions urban mining, FireBug firefighting vehicle and equipment manufacturing, Wildfire equipment manufacturing, and specialist drone manufacturing. Each division receives its own substantial government incentives. The additional wildland firefighting equipment manufacturing facilities will be complemented by two further specialist engineering and manufacturing acquisitions in New Jersey, USA and in the North of England, United Kingdom. Both of these acquisitions are also in their final stages, forming part of the achievement of ERT’s next significant milestone.
“It’s absolutely imperative that we accelerate our expansion into the wildfire arena. With governments spending billions every year to combat wildfires, it’s certainly time for us to ramp up our dedicated wildfire equipment manufacturing capability to adequately supply what will soon be the world’s largest wildfire equipment distribution network. Our patented water saving technology will be complemented by patented wildland firefighting tools and equipment which is already proving instrumental in combatting wildfires. Given the plans we are rolling out, I am confident that ILUS will be the industry leader in wildland firefighting by the end of 2023. I am looking forward to signing off on the final plans for all the divisions in Serbia next week,” said ILUS Managing Director, John-Paul Backwell.
For further information on the companies, please see their communication channels:
Website: https://ilus-group.com
Twitter: OTC_ILUS
Contact:
Email: [email protected]
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.
Disclaimer: The above press release comes to you under an arrangement with GlobeNewswire. TheTechOutlook.com takes no editorial responsibility for the same.
