NEW YORK, NY - (NewMediaWire) - June 14, 2022 - ILUS International Inc (OTC: ILUS), ILUS is a Mergers and Acquisitions company focused on acquiring and developing technology-based companies across the globe. The company wishes to provide an update on the progress, plans, and focus regarding its subsidiaries, including its plans to add a significant battery manufacturing acquisition to its Renewables subsidiary. 

 

ILUS’ emergency response focused subsidiary, Emergency Response Technologies (ERT), has taken significant steps towards achieving its short-term milestones and therefore appointed Dan Peters as its Chief Executive Officer to assist with the implementation of its growth plans. ILUS has simultaneously made significant progress with its Renewables subsidiary, which is already home to Replay Solutions and E-Raptor. Replay Solutions is an urban mining company which is working on the recovery of rare metals from discarded electronic equipment and electrical waste using innovative mechanical and chemical treatments. E-Raptor is a range of commercial electric utility vehicles (EVs) which are used by the industrial, hospitality, agricultural and public safety sectors. Both companies are currently setting up their new operations in Serbia. 

 

In a move that will add to its Renewables subsidiary, ILUS is now in the final stages of agreeing the acquisition of a battery manufacturing company which is currently generating $20 million in annual revenue. The company primarily designs and manufactures several battery types and is rolling out its own lithium battery product. Several byproducts of Replay Solution’s mining process such as plastics, lithium, and various minerals can be used in the potential acquisition’s manufacturing plant. The availability of required raw materials and minerals from Replay Solutions will substantially reduce manufacturing costs for the company. The battery manufacturer will also develop and manufacture batteries for the E-Raptor range of EVs and work on the development of specialized batteries for Unmanned Aerial Vehicles (Drones). Following several positive meetings with the potential acquisition, further meetings are taking place this week. ILUS is preparing to agree terms and announce the deal within weeks. 

 

With plans underway for ERT to uplist to a major stock exchange and the execution of aggressive growth plans for its Renewables subsidiary, ILUS will now also place increased focus on its Unmanned Aerial Vehicle (UAV) and Defense subsidiaries. Here the company is already assessing acquisition options in both sectors. The amalgamation of assets into ILUS includes but is not limited to the fields of Public Safety, Renewable Energy, Defense, Security, Manufacturing, Transportation and Logistics.

 

“We continue to add building blocks to the ILUS conglomerate. The newly appointed CEO of ERT will play a vital role in the growth of our existing Emergency Response acquisitions as well as consolidating the new ones into the group when they close. This gives extra room for the ILUS management team to focus on bringing further strategically aligned and valuable assets into our stable. Nick and I will remain intricately involved in the progress of ERT which represents the culmination of a vision we have worked towards for over 10 years. We are very clear in our intention to continually add assets to ILUS which have a direct impact on the increased safety and well-being of our communities.” 

 

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 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.