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Thursday, 10/19/2023 9:36:52 AM

Thursday, October 19, 2023 9:36:52 AM

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ILUS International Inc. (OTC:ILUS) ILUS is making strides in the renewables sector, including the development of electric utility vehicles and other promising initiatives.

ILUS International Inc., a mergers and acquisitions company with a strategic focus on public safety, industrial, defense, and renewable sectors, has recently issued a press release outlining significant developments and achievements. The stock was trading up

One noteworthy highlight is the successful filing of the S-1 Registration Statement by its subsidiary, Quality Industrial Corp. (QIND). This is a critical step in QIND's path to potentially uplisting on the NYSE American, a move that could enhance its visibility and investor interest.

Additionally, ILUS International Inc. has executed the acquisition of a company as a Special Purpose Vehicle, aligning with its previously presented business plan. This move signifies the company's commitment to growth and expansion.

Despite challenging market conditions, ILUS International Inc. has made substantial progress across its subsidiaries, particularly in public safety and renewables. The company's leadership team, including Managing Director JP Backwell and CEO Nicolas Link, has been diligently working to ensure that each subsidiary continues to make simultaneous progress.

A significant strategic move involves the spin-out of public safety businesses into Emergency Response Technologies (ERT), a wholly-owned subsidiary. This strategy, set to roll out in the coming months, aims to capitalize on U.S.-based firefighting and ambulance manufacturing opportunities, as well as expand its global wildfire equipment range.

Furthermore, ILUS International Inc. has experienced positive growth in subsidiaries like Georgia Fire and Rescue Supplies (GFR) and Bull Head Products (BHP) in the United States. Distribution rights for wildfire equipment and vehicles in several states, along with operational enhancements, bode well for future growth.

Internationally, ILUS is consolidating its operations in the Middle East and strategically merging businesses to reduce costs and enhance competitiveness. Its firefighting equipment manufacturer, FireBug Mechanical, is bidding on contracts with significant value.
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