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You may have misread the pr and put the emphasis on Dubai. The senior exchange company were meeting with ILUS in Dubai. It did not mean
that the senior exchange was in Dubai.
Notice these companies won't be trading in North America.Yet another sign of BS.Probably will give a dividend for shares listed on a foreign exchange.Not much good over here.These are the signs you have to watch for.Read between the lines people,it's your money.Good luck and good trading.
garbage. he does the same for every ticker. share something he ever did thats benefit. he is the scam and you
The ILUS tweet said we would get a QIND / ASNS deal update this week. I'm not sure what they could be updating, but I'm ready for it.
Mauiguy2
Don't know. But had a feeling it would go up when I saw those 2 posts referencing George Sharpe.
Figured the shorts may have heard something that was getting them nervous.
But still concerned that QIND and SAML not moving, and ASNS slipping
Creaky, we're now sitting at .0116....up 21% for the day with good volume.
Do you think some of the recent gains is a result of the tripling of DRCR from the start of the year?
creaky lets hope it closes almost two Good Luck
good luck with that. Are you taking bets? If so what the odds?
He will be exposed any day. Are you sure? What if it does not happen in day a so, a week, or months? It still could be a scam, or it could be your just a person wants to cry foul. Another person who wants to be notice. For me it's little or nothing. That means I win something or lose all. Good Luck All
Yep this pig is done
George Sharp is 100% correct. He will expose the ILUS scam any day now.
Someone is actually charting the 3 sisters
Potential entries I am considering this week and "why" is listed in my comments, with charts as I try to SHOW you why and not just make one of the MANY fintwit educated guesses you find here on X . . . $SAML$QIND$ILUS
— Chart Anlyst (@Chart_Anlyst) May 25, 2024
Some one, two, or more, even a group at collect express an opinion about ILUS.
Doing! 🙈💩 LOL
gs is george shit
Who is GS?
ILUS International Inc
@ILUS_INTL
·
May 24
Filing update: $SAML 10-Q is currently being finalized for filing by mid-next week. Due to consolidation of the $SAML (ERT) financials, the $ILUS 10-Q will be filed soon thereafter.
$QIND $ILUS $ASNS deal update will be provided next week.
PR from acquirer---shows their stock symbol
FREMONT, Calif., May 23, 2024 (GLOBE NEWSWIRE) -- Actelis Networks, Inc. (NASDAQ: ASNS) (“Actelis” or the “Company”) a market leader in cyber-hardened, rapid deployment networking solutions for IoT applications, today announced the signing of a binding term sheet to acquire between 61% to 75% of the issued and outstanding shares of Quality Industrial Corporation, a Nevada corporation (“QIND”) (OTC: QIND), subject to customary terms for closing.
QIND, whose operations are based out of Dubai, United Arab Emirates (“UAE”), designs, manufactures and supplies solutions for the critical infrastructure industrial and energy sectors. Its operating business reported $11 million in revenue and $1.8 million in net income in 2023 and is projecting substantial growth in 2024. For the first quarter ending March 31, 2024, QIND’s revenues were approximately $3.1 million, and its net income was approximately $0.76 million. With expansion of its customer base, QIND is expecting substantial growth in 2024. QIND currently services nearly 40,000 customers across the UAE with 7 operating facilities and a fleet of dozens of vehicles and approximately 100 employees. They are also internationally certified, local government approved, and its customers include household names such as Emirates Airlines, Emaar, Government of Dubai, Dubai Properties, WASL Group and many others. QIND’s sister company Emergency Response Technologies Inc., who is not part of this transaction, designs, manufactures and supplies patented firefighting technologies and solutions for the public safety sector, and is expected to enable further synergies with Actelis.
Tuvia Barlev, Chairman and CEO of Actelis, stated, “We are excited to team-up with QIND as it opens for us new geographies in the UAE, Gulf Region and Africa with applications in new, critical verticals such as energy, utilities, and public safety. Actelis’ technology is focused on innovation, enabling rapid modernization of critical infrastructure and industries, providing rapid deployment networking in a secure and cost-effective manner, and enabling smart IoT applications and sensors. QIND and other companies in the energy sector need reliable networking, cyber protection, and smart applications to improve their business operations. Remote monitoring for quality of service and safety, automation of delivery and billing, as well as forecasting and supply-chain optimization are all areas that can be strengthened with the Actelis’ technology. The acquisition of QIND allows Actelis to add inorganic, profitable revenue of a recurring nature while offering IoT technology to enhance the operations of QIND and its customers, resulting in smarter and more efficient operation, and enabling faster growth. As contemplated, the acquisition would result in a combined company which had on a proforma basis $17 million in revenue in 2023 with substantial growth projected for 2024.”
John-Paul Backwell, CEO of Quality Industrial Corp., stated, “The joining of Actelis and QIND aligns with our goal of expanding our company by harnessing advanced technologies to increase business efficiencies. Actelis’ solutions can assist in reducing our operational costs through the automation of product delivery and system monitoring, thereby improving our competitiveness and accelerating the growth of our business.”
Terms of the Transaction
At the Closing, in consideration for the purchased shares, Actelis will issue to the Sellers 19.99% of its common stock and preferred non-voting shares for the balance of the consideration. The companies are planning to close the transaction, pending regulatory requirements and due diligence, within 60 days. The preferred shares shall not be convertible to common stock prior to six months after the closing until such time as a registration statement is declared effective, whichever occurs sooner and shareholders’ approval will be obtained. The exact number of shares of the Company to be issued to the sellers will be based on a ratio of valuations of ASNS and QIND to be determined between the parties until closing.
The binding term sheet is subject to customary due diligence requirements and other covenants including but not limited to the raising of additional funding. The Term Sheet includes a 60-day non-solicitation obligation and a break-up fee.
About Actelis Networks, Inc.
Actelis Networks, Inc. (NASDAQ: ASNS) is a market leader in cyber-hardened, rapid-deployment networking solutions for wide-area IoT applications including federal, state and local government, ITS, military, utility, rail, telecom and campus applications. Actelis’ unique portfolio of hybrid fiber-copper, environmentally hardened aggregation switches, high density Ethernet devices, advanced management software and cyber-protection capabilities, unlocks the hidden value of essential networks, delivering safer connectivity for rapid, cost-effective deployment. For more information, please visit www.actelis.com.
About Quality Industrial Corporation:
Quality Industrial Corp. (OTC: QIND) is a Manufacturer and Service Provider for the Industrial, Oil and Gas, as well as the Utility sectors. It is involved in the design, consultation, supply, installation, and maintenance of liquefied petroleum gas (LPG) systems. The company also provides LPG cylinder distribution and bulk gas supply solutions. It serves commercial buildings, mixed use apartment complexes, shopping complexes, food courts, heavy industries, labor accommodations, catering units, commercial kitchens, and restaurants. The company was formerly known as Wikisoft Corp. and changed its name to Quality Industrial Corp. in August 2022. The company is headquartered in San Francisco, California. For more information, please visit www.qualityindustrial.com.
Forward-looking Statements
SAN FRANCISCO, CA / ACCESSWIRE / May 23, 2024 / Quality Industrial Corp. (OTC PINK:QIND) ("QIND" or "Company") is a manufacturer and service provider for the industrial, oil & gas, and utility sectors. The company has signed a binding term sheet with Actelis Networks, Inc. ("Actelis") for Actelis to acquire 61% to 75% of the issued and outstanding shares of the Company, subject to customary terms for closing.
Actelis Networks, Inc. is a market leader in cyber-hardened, rapid-deployment networking solutions for wide-area IoT applications including federal, state and local government, ITS, military, utility, rail, telecom and campus applications. Actelis' unique portfolio of hybrid fiber, environmentally hardened aggregation switches, high-density Ethernet devices, advanced management software and cyber-protection capabilities, unlocks the hidden value of essential networks, delivering safer connectivity for rapid, cost-effective deployment.
John-Paul Backwell, CEO of QIND, stated, "Teaming up with Actelis opens up new opportunities for the expansion of our company. Harnessing the advanced technologies and smart-grid solutions that Actelis already provides to its energy, gas and utilities customers in Europe and the USA, can significantly increase our business efficiencies. The acquisition by Actelis also provides us with a strong foundation for future planned acquisitions."
Further synergies with Actelis are being explored with QIND's sister company, Emergency Response Technologies Inc. (ERT), which is not part of this transaction. ERT designs, manufactures, and supplies patented firefighting technologies and various solutions for the public safety sector.
QIND's operating business reported $11 million in revenue and $1.8 million in net income in 2023. For the first quarter ending March 31, 2024, QIND's revenues were approximately $3.1 million, and its net income was approximately $0.76 million. The company is projecting substantial growth in 2024. QIND currently services nearly 40,000 customers across the UAE with 7 operating facilities, dozens of vehicles, and approximately 100 employees. The company is internationally certified, local government approved, and services customers such as Emirates Airlines, Emaar, Government of Dubai, Dubai Properties, WASL Group, and many others.
QIND currently operates a manually intensive operation and requires the reliable networking and smart applications provided by Actelis to deliver remote monitoring, automated delivery and billing, as well as real-time forecasting and supply chain optimization. The company believes that Actelis' technology is integral to its reduction of operational costs and ability to win new contracts.
Tuvia Barlev, Chairman and CEO of Actelis, stated, "We are excited to team up with QIND as it opens new geographies for us in the Middle East and Africa with applications in new, critical verticals such as energy, utilities, and public safety.
Terms of the Transaction
At the Closing, in consideration for the purchased shares, Actelis will issue to the Sellers 19.99% of its common stock and preferred non-voting shares for the balance of the consideration. The companies are planning to close the transaction, pending regulatory requirements and due diligence, within 60 days. The preferred shares shall not be convertible to common stock before six months after the closing or until a registration statement is effective, whichever occurs sooner. The exact number of shares of the Company to be issued to the sellers will be based on a ratio of valuations of ASNS and QIND to be determined between the parties before closing.
The binding term sheet is subject to customary due diligence requirements and other covenants including but not limited to the raising of additional funding.
The Term Sheet includes a 60-day non-solicitation obligation and a break-up fee.
About Quality Industrial Corp.:
Quality Industrial Corp. (OTC PINK:QIND) is a Manufacturer and Service Provider for the Industrial, Oil and Gas, as well as the Utility sectors. It is involved in the design, consultation, supply, installation, and maintenance of liquefied petroleum gas (LPG) systems. The company also provides LPG cylinder distribution and bulk gas supply solutions. It serves commercial buildings, mixed-use apartment complexes, shopping complexes, food courts, heavy industries, labor accommodations, catering units, commercial kitchens, and restaurants. The company was formerly known as Wikisoft Corp. and changed its name to Quality Industrial Corp. in August 2022. The company is headquartered in San Francisco, California. For more information, please visit www.qualityindustrialcorp.com .
About Actelis Networks, Inc.:
Actelis Networks, Inc. is a market leader in cyber-hardened, rapid-deployment networking solutions for wide-area IoT applications including federal, state and local government, ITS, military, utility, rail, telecom and campus applications. Actelis' unique portfolio of hybrid fiber-copper, environmentally hardened aggregation switches, high-density Ethernet devices, advanced management software and cyber-protection capabilities, unlocks the hidden value of essential networks, delivering safer connectivity for rapid, cost-effective deployment. For more information, please visit www.actelis.com.
FORWARD-LOOKING STATEMENTS
This press release contains statements of a forward-looking nature about the Company. You can identify these forward-looking statements by words or phrases such as "may," "will," "expect," "anticipate," "aim," "estimate," "intend," "plan," "believe," "is/are likely to," "future" or other similar expressions. The Company has based these forward-looking statements primarily on the Company's current expectations and projections about future events and financial trends that the Company believes may affect Company's financial condition, results of operations, business strategy, and financial needs. There is no assurance that the Company's current expectations and projections are accurate. All forward-looking statements in this press release are based on the Company's information on the date hereof. These statements involve known and unknown risks, uncertainties, and other factors that may cause the Company's actual results to differ materially from those implied by the forward-looking statements. The Company operates in a rapidly evolving environment. New risk factors emerge from time to time. The Company does not undertake any obligation to update or revise the forward-looking statements except as required under applicable law. This press release does not constitute or form part of any offer or invitation to purchase, otherwise acquire, issue, subscribe for, sell, or otherwise dispose of any securities, nor any solicitation of any offer to purchase, otherwise acquire, issue, subscribe for, sell, or otherwise dispose of any securities of the Company. The release, publication, or distribution of this announcement in certain jurisdictions may be restricted by law and therefore persons in such jurisdictions into which this announcement is released, published, or distributed should inform themselves about and observe such restrictions.
CONTACT
Quality Industrial Corp.
315 Montgomery Street, San Francisco
CA 94104, USA
Phone: +1-800-706-0806
Email:info@qualityindustrialcorp.com
Investor site:https://qualityindustrialcorp.com
Twitter: @QualityIndCorp @ILUS_INTL
SOURCE: Quality Industrial Corp.
$ILUS .0084 +5.00% on 2.5M Volume. #bullish
Mauiguy2
So far the name is appropriate. It's like a murder mystery, with constant cliff hangers.
First there is an S-1, then suddenly not.
Purchase QI, then-- poof--- deal is gone.
Move assets from one company to another and promise a divvy. But to the surprise of the audience--gasp--no divvy.
Companies lined up for purchase, suddenly disappear without a trace.
Great progress on uplist mergers, but like Groundhog Day seems to keep starting anew.
I can't decide if we need David Copperfield or Hercule Poirot to run the company.
I know it's been on the table for years. That's my point. The name "Ilustrato Pictures International" seems so bizarre for a company that has absolutely nothing to do with pictures. If I turned an auto repair shop into a donut shop many years ago, I would not have "Mauiguy's Auto Repair" still posted on the front of my donut shop! I would have done whatever it takes to change the name of my business to an appropriate name and not continue with the old name.
Just something else to cry about. It's been on the table for years.
After all these years, it would seem that a name change is in order.
$ILUS Ilustrato Pictures International Inc.
$ILUS Ilustrato Pictures International Inc. 1.75K followers $0.0083 0.0001 (+1.22%)
lol. they are working hard to build ilus mussles
Yep. Why do these schmucks all look like that? I just bailed on BLFR because the CEO posted daily stories of his amazing gym exploits while the rest of us pay for his professional trainer.
working hard at the gym.
Creaky, at least we know they're working hard.........
Seriously, though, if I'm not mistaken, this is the first time in a long time that ILUS actually moved up on a day that an update was made. It normally goes downhill.
the ILUS team has been working hard to get back on schedule with its filing deadlines. Simultaneously, an exceptional amount of work has gone into the extensive list of documents required for the uplisting of ILUS' subsidiaries.
No mention of any progress with the SAML uplist and merger.
NEWS: ILUS Provides a First Quarter Filing Update
NewMediaWire
Thu, May 16, 2024, 11:11 AM EDT
In this article:
ILUS
+5.26%
NEW YORK, NY - (NewMediaWire) - May 16, 2024 - ILUS International Inc. (OTC: ILUS) is a mergers and acquisitions company that is committed to acquiring and growing businesses in the public safety and industrial sectors.
Yesterday, the company's industrial subsidiary, Quality Industrial Corp. (OTC: QIND), displayed impressive first quarter results in its 10-Q. Senior management of QIND and ILUS recently met with executives from senior exchange-listed companies in Dubai where the parties made progress towards completion of a transaction.
Since the restatement of ILUS' 2022 and 2023 financials which had led to a significant delay in filing of the company's annual report while consuming substantial management and professional services resources across the group, the ILUS team has been working hard to get back on schedule with its filing deadlines. Simultaneously, an exceptional amount of work has gone into the extensive list of documents required for the uplisting of ILUS' subsidiaries.
ILUS has remained determined to achieve its milestones, making it a challenging period in terms of resource demand. The company believes it is close to having caught up with the workload required and having recently hired two additional finance resources, ILUS expects to file its first quarter report soon. Going forward, the company believes it has the resources in place to file timely.
ILUS apologizes to Shareholders for the late filing of its quarterly report and is confident that the progress made thus far in 2024 has strengthened the company without detracting from the achievement of its uplisting milestones.
For further information on ILUS, please see its communication channels:
Website: https://ilus-group.com
Twitter: @ILUS_INTL
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: ILUS_INTL
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
What other SCAMS is Nicholas Link in??
Soon coming…
Someone wants shares!! Ilus
looks like getting some attention now?
he flex during interviews. thats it.
How does Bunda even know if JP goes to the gym?
Creaky, I shouldn't be smiling at your post, but I am. 😉 I think it was Bunda who said something to the effect that the hard work includes all of JP's gym time.
Why so hard on them? You know they and their advisors are working very, very, very hard, 24 hours a day, ten, if not fifteen, days a week.
We should be getting a pr reiterating that any day now.
Let ssee wer we @ , ohhhh Ye$$$$$$$!! Hear -
adding +
💰
They can Intend all they want but in reality they have a habit of not following through on any thing they state. At this point, I doubt any SP gains materialize even if they file. They have lost trust from the big crowd. Only bag holders remain clinging on to their unicorn faith. 🐂💩
They are milking saml because this is toxic and they used up all the ilus milk
It's what they do, see GTCH
Creaky, intend = plan. In other words, the company and its subsidiaries plan to file their quarterly report tomorrow. Like I say, I hope they follow through.........
the key word is "intend"
Yesterday was a good up day with good volume, too. Maybe somebody knows something that I don't know!
Anyway, tomorrow is another big day. Four weeks ago on April 17, management stated, "The company and its subsidiaries also intend to file their first quarterly reports before the 15th of May deadline."
I hope they follow through.........
Nicolas Link, CEO
Operating out of New York, London, and Dubai, ILUS International (Ilustrato Pictures International Inc) is a public Mergers and Acquisitions company focused on adding Shareholder value through innovation and growth.
ILUS International’s vision has evolved in line with the needs of the technology and manufacturing sectors it has been involved in. We focus primarily on innovative emergency services, life safety and related technologies such as emergency response vehicles, electric utility vehicles, specialist vehicle conversions, disruptive firefighting equipment, wearable technology and related software solutions.
With a proven record of acquiring carefully selected businesses that are appropriate to our vision, ILUS aims to complete further acquisitions of companies which possess innovative and disruptive technology and already achieve annual revenue of $1-10 million.
ILUS International has already completed multiple acquisitions and is completing new acquisitions each quarter. Each acquisition rapidly increases the global expansion and growth of the company. Our primary focus is to add shareholder value as we continue to acquire, develop and grow companies which transform their respective industries and the world we live in.
ILUS International (Ilustrato Pictures International Inc) adds Shareholder value by acquiring, developing and growing businesses around the world which possess innovative and disruptive technology. The ILUS team works tirelessly to introduce new products, technologies, skills, efficiencies and improvements to the group of companies by cross pollinating within the group. Each strategic acquisition adds specific value to the direction and growth of the ILUS group of companies.
ILUS has a dynamic and experienced management team, all of whom have extensive experience in acquiring, and building companies within the relevant technology and manufacturing sectors where ILUS is focused.
As of June 1, 2024 • 3:00 PM ET
DATE/TIME | SOURCE | NEWS RELEASE |
---|---|---|
05/31/2024 12:51 PM EDT | NewMediaWire | ILUS Provides an Update on the Binding Term Sheet Signed with Actelis Networks (NASDAQ: ASNS) |
05/16/2024 11:17 AM EDT | NewMediaWire | ILUS Provides a First Quarter Filing Update |
05/02/2024 08:40 AM EDT | NewMediaWire | ILUS Files Form 10-K and Provides Shareholder Update |
04/17/2024 09:56 AM EDT | NewMediaWire | ILUS Provides Form 10-K Filing Update |
04/10/2024 09:26 AM EDT | NewMediaWire | ILUS Moves Forward With Its Two Subsidiary Uplists and Equity Dividend |
01/10/2024 09:53 AM EST | NewMediaWire | ILUS Acquires the Majority Stake of Samsara Luggage, Inc. |
NEWS: ILUS News Out May 31, 2024 $ILUS on TWITTER https://x.com/ILUS_INTL/status/1796588659187060898
NEWS: ILUS Provides an Update on the Binding Term Sheet Signed with Actelis Networks (NASDAQ: ASNS)
NEW YORK, NY - (NewMediaWire) - May 31, 2024 - ILUS International Inc. (OTC: ILUS) is a mergers and acquisitions company focused on acquiring and growing businesses in the public safety and industrial sectors. The company recently signed a binding term sheet with Actelis Networks, Inc. (NASDAQ: ASNS) for ASNS to acquire its 61% stake in the ILUS Industrial subsidiary, Quality Industrial Corp (OTC: QIND), subject to customary terms for closing.
At the closing, Actelis will issue to the sellers 19.99% of its common stock and preferred non-voting shares for the balance of the consideration. The companies aim to close the transaction, pending regulatory requirements and due diligence, within 60 days. The preferred shares shall not be convertible to common stock before six months after the closing or until a registration statement is effective, whichever occurs sooner. The exact number of shares of the Company to be issued to the sellers will be based on a ratio of valuations of ASNS and QIND to be determined between the parties before closing.
After the transaction is completed, QIND will operate as the industrial subsidiary of ASNS, working alongside Actelis Networks, Inc. (Actelis), which will function as the technology subsidiary of ASNS. ASNS will consolidate the financials of both of its subsidiaries.
ILUS CEO, Nicolas Link, stated, "We believe that the acquisition of our stake in QIND by Nasdaq-listed ASNS will accelerate the growth of our Industrial subsidiary as well as ILUS itself. Following the completion of the transaction, our resultant stake in ASNS should significantly enhance our ILUS balance sheet and provide an improved platform for us to raise additional capital for the expansion of QIND and to complete planned acquisitions. As a company, should we elect to convert our preferred non-voting ASNS shares when the option becomes available, we could become the largest ASNS shareholder. This transaction is aimed at being the first in a series of transactions intended for the growth of our businesses and to add substantial value for our Shareholders. Our unwavering goal has been to uplist our subsidiaries and enhance the growth of our businesses and this transaction represents a constructive first step towards reaching that important milestone."
Actelis is a leading provider of cyber-hardened, rapid-deployment networking solutions for wide-area IoT applications. Their solutions cater to various sectors including federal, state and local government, ITS, military, utility, rail, telecom, and campus applications. Actelis offers a unique portfolio of hybrid fiber, environmentally hardened aggregation switches, high-density Ethernet devices, advanced management software, and cyber-protection capabilities. Their solutions aim to maximize the potential of essential networks, providing secure and cost-effective connectivity for rapid deployment.
QIND is a manufacturer and service provider for the industrial, oil and gas, and utility sectors. The company is involved in the design, consultation, supply, installation, and maintenance of liquefied petroleum gas (LPG) systems. Currently, the company services nearly 40,000 customers from its 7 operating facilities in the United Arab Emirates, employing nearly 100 personnel. QIND is an internationally certified company that provides services to customers such as Emirates Airlines, Emaar, Government of Dubai, Dubai Properties, WASL Group, and others.
ILUS and QIND are confident that teaming up with Actelis will open up new group expansion opportunities. QIND can leverage Actelis' advanced technology and smart-grid solutions to deliver remote monitoring, automated delivery, and billing, as well as real-time forecasting and supply chain optimization. Additionally, Actelis is expanding its business into new geographical regions with applications in new, critical verticals such as energy, utilities, and public safety.
Actelis is also exploring additional synergies with ILUS' public safety subsidiary, Emergency Response Technologies Inc. ("ERT") (OTC: SAML), although ERT is not part of the current transaction. ERT specializes in designing, manufacturing, and supplying patented firefighting technologies and various solutions for the public safety sector.
For further information on ILUS, please see its communication channels:
Website: https://ilus-group.com
Twitter: @ILUS_INTL
Email: IR@Ilus-Group.com
Source: ILUS
https://ilus-group.com
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Readers are advised to conduct their own due diligence prior to considering buying or selling any stock. All information should be considered for information purposes only.
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02-07-2021
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