NEW YORK, NY - (NewMediaWire) - October 1, 2021 - ILUS International Inc (OTC: ILUS), ILUS is a M&A company focussed on acquiring and developing technology-based companies globally. The company has already completed four acquisitions in 2021, including that of BCD Fire, on April 12th. BCD Fire was already awarded 3 contracts in the 3rd quarter of 2021, valued at $1.5 million. The company has now been awarded a $1 million contract for the second phase of the Burj 2020 project.
BCD Fire was previously awarded the contract for the supply and installation of fire systems, including fire alarm panels and detectors, a central battery system and fire sprinkler system for the Burj 2020 Tower in Dubai. At 2333 feet high with 115 floors, Burj 2020 will be the world’s tallest commercial tower when completed. The BCD team commenced work on the first phase of this project during the 3rd quarter of 2021, with the contract value for this phase sitting at just under $1 million. The team has now been awarded the next phase of this project, valued at $1 million.
To complete this project as well upcoming projects, which the company expects to be awarded, BCD Fire is in the process of hiring an additional 45 technicians and an additional salesperson. The additional 45 technicians will put the company in the position to apply for the lucrative A-level license for the supply, installation, and maintenance of fire protection systems in residential, industrial and oil field facilities in the United Arab Emirates. Once this license is granted, BCD Fire will be able to complete larger projects on multiple sites simultaneously as there will be no limitation on the size of project they can be awarded.
BCD Fire recently completed a $ 426 000 contract for the installation of fire alarm systems and a central battery system for a 13-story residential building on the upmarket Dubai Hills Estate in Dubai. It also completed a $ 141 000 contract for the installation of Emirates Hospital’s new fire system.
“BCD Fire has achieved so much since we acquired it earlier this year and the award of this next phase of the Burj 2020 project is reward for the progress made by the ILUS and BCD teams. Obtaining the A-level license will rocket this acquisition to a whole new level. There has also been overwhelming interest from regional Fire Safety Training Companies in our new Virtual Reality Fire Extinguisher Training Courses which are being launched this month. The BCD Fire pipeline is so strong that it really is just about scaling up the business quick enough to take on the projects that are lined up. I said in August that we are barely scratching the surface of BCD Fire’s potential and since then we have made excellent progress but looking at how many projects there are in the region and how primed BCD Fire is for growth, reminds us how bright the future is for this company,” said ILUS Managing Director, John-Paul Backwell.
ILUS CEO, Nick Link, said the following: “ILUS just closed out its best quarter yet and we are looking forward to releasing an update on this in the next week or so once the team has finished consolidating the figures. FireBug and TVC have received several purchase orders during the 3rd quarter and they have been making excellent progress, but we have felt it best to provide updates on the more significant deals in the region of $1 million and upwards or noteworthy clients. The FireBug pipeline is looking particularly promising for the 4th quarter. Well done to the ILUS team and thank you to the ILUS Family for your ongoing support. We are looking forward to another record-breaking quarter ahead.”
About BCD Fire:
Located in Dubai, United Arab Emirates and founded in 2014, BCD Fire is a leading systems integrator for fire and life safety systems in the region and is certified by Dubai Civil Defence. The company delivers turnkey projects which incorporate specification, design, installation, support, and maintenance for its customers and works extensively on large hotel, resort, industrial and commercial projects in the region. Since its acquisition by ILUS earlier this year, the ILUS management team has been working closely with BCD Fire’s management to improve overall efficiency, implement a more effective sales strategy and increase recurring revenue generated from maintenance services.
For further information on the companies please see their communication channels
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, in light of 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
View the original release on www.newmediawire.com