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Tuesday, February 02, 2021 3:01:50 PM
2:57 PM ET 2/2/21 | Dow Jones
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3:01 PM ET 2/2/21
Symbol Last % Chg
ILUS
0.03 104.60%
Real time quote.
OTC:ILUS Partners With Milanion Group to Integrate ILUS Technologies With Milanion Autonomous Vehicle Technology
NEW YORK, Feb. 02, 2021 (GLOBE NEWSWIRE) -- via NewMediaWire -- ILUS International Inc (OTC: ILUS): ILUS is a M&A company acquiring technology-based companies globally and has recently completed its acquisition of FB Technologies Global Inc (FireBug Group), a leading manufacturer of Technology & Fire & Rescue Vehicles including its EV (Electric 6 x 6 vehicle) to the Fire & Rescue market. The Fire & Rescue market globally has been under invested for decades and is now experiencing significant modernisation, due to the rapid urbanisation of the cities becoming wider, taller and more congested making it increasingly costly and difficult for Fire & Rescue services to perform efficiently. FireBug technology is based on water efficiency and water saving. The technology is at least 63% more efficient than conventional technologies allowing responders to utilise much smaller faster and more economical response vehicles in most instances. A common scenario is where conventional technology would use approximately +/-200 gallons of water to extinguish a car fire in about 90 seconds. In comparison the FireBug technology would use 10 gallons in +/- 7 seconds. In order to facilitate its global rollout, ILUS has an acquisition strategy to roll up strategic companies to increase its route to market and manufacturing capacity and to continually develop the technology platform further. On this basis FB Technologies Global is very pleased to sign a Memorandum of Understanding with Milanion Group LLC, a UK and Dubai based specialist technology company disrupting the market in the design, development, and manufacture of unmanned systems that serve to augment and transform team and mission capabilities whilst safeguarding personnel in hostile and dangerous environments in both the public and private sector, globally. Leading with the versatile and fully amphibious AGEMA UGV with its modular design to cater for a range of payloads, Milanion Group also provide USV solutions in the form of unmanned fully autonomous rapid response vessels for Marine applications. Jointly the companies intend to develop an autonomous unmanned Fire & Rescue solution for the Military, Fire & Rescue and specialist applications. Jointly the companies have been working on solutions for many months for several major Military and Civil Defense departments. Further to the Fire, Rescue & Emergency provision, the companies jointly will look to develop the Milanion autonomous technology onto the ILUS E-raptor EV 6x6 UTV.
Beyond this partnership, it is expected that ILUS will announce further details of their 2 possible imminent acquisitions later this week.
For further information on the companies please see their communication channels website: www.ilus-group.com
Twitter : OTC_ILUS
Contact:
Nicolas Link CEO
email : nick.link@ilus-group.com
Irina Shatalova PhD,MBA,
(PA to the CEO and Investor Relations)
Email: Irina.Shatalova@ilus-group.com
Website: https://milaniongroup.com
Email : ssingh@milaniongroup.com
Related Links
http://ilus-group.com
https://milaniongroup.com
http://raptor-utv.com
Media Contact
ILUS International Inc
Nick.link@ilus-group.com
917 522 3202
New York
http://www.ilus-group.com
Source : ILUS International Inc (OTC:ILUS)
> Dow Jones Newswires
February 02, 2021 14:57 ET (19:57 GMT)
Recent ILUS News
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 06/07/2024 08:50:58 PM
- ILUS Provides an Update on the Binding Term Sheet Signed with Actelis Networks (NASDAQ: ASNS) • InvestorsHub NewsWire • 05/31/2024 04:52:19 PM
- ILUS Provides a First Quarter Filing Update • InvestorsHub NewsWire • 05/16/2024 03:26:47 PM
- ILUS Files Form 10-K and Provides Shareholder Update • InvestorsHub NewsWire • 05/02/2024 12:52:26 PM
- ILUS Provides Form 10-K Filing Update • InvestorsHub NewsWire • 04/17/2024 01:54:01 PM
- ILUS Moves Forward With Its Two Subsidiary Uplists and Equity Dividend • InvestorsHub NewsWire • 04/10/2024 01:36:45 PM
- Form DEF 14C - Other definitive information statements • Edgar (US Regulatory) • 03/04/2024 01:51:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 02/27/2024 04:22:28 PM
- Form PRE 14C - Other preliminary information statements • Edgar (US Regulatory) • 02/20/2024 04:36:50 PM
- ILUS Signs Letter of Intent to Acquire a British Manufacturer of Autonomous Vehicles While Completing its Next Phase of Restructuring for Anticipated Growth • InvestorsHub NewsWire • 02/20/2024 04:27:45 PM
- ILUS Acquires the Majority Stake of Samsara Luggage, Inc. • InvestorsHub NewsWire • 01/10/2024 02:53:45 PM
- Form SC 13D - General statement of acquisition of beneficial ownership • Edgar (US Regulatory) • 01/09/2024 05:06:17 PM
- Form 3 - Initial statement of beneficial ownership of securities • Edgar (US Regulatory) • 01/09/2024 05:04:58 PM
- ILUS Completes Acquisition and Provides Dividend, Merger and Subsidiary Update • InvestorsHub NewsWire • 12/29/2023 01:30:00 PM
- Form 10-12G/A - Registration of securities [Section 12(g)]: [Amend] • Edgar (US Regulatory) • 12/13/2023 04:33:57 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 11/24/2023 01:32:35 PM
- ILUS Provides Shareholder Update • InvestorsHub NewsWire • 10/20/2023 04:37:25 PM
- ILUS Finalizes Acquisition and Provides Shareholder Update • InvestorsHub NewsWire • 10/06/2023 02:52:50 PM
- Form 10-Q/A - Quarterly report [Sections 13 or 15(d)]: [Amend] • Edgar (US Regulatory) • 09/13/2023 03:36:00 PM
- Form 10-12G/A - Registration of securities [Section 12(g)]: [Amend] • Edgar (US Regulatory) • 09/12/2023 07:16:32 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/25/2023 09:06:54 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 08/21/2023 09:25:35 PM
- Form NT 10-Q - Notification of inability to timely file Form 10-Q or 10-QSB • Edgar (US Regulatory) • 08/15/2023 03:03:59 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/04/2023 08:08:54 PM
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