GARDEN GROVE, Calif., Sep 21, 2011 (BUSINESS WIRE) -- Deltron, Inc. (OTCBB: DTRO) announced this month it is moving forward with its current general supplier and patent agreement with a global Fortune 500 company. Deltron's wholly owned manufacturing subsidiary, Elasco, Inc., is working with a major consumer and industrial products company to produce a patented LED light transmission product. Deltron has successfully manufactured small-scale batches of the product, and is developing equipment for mass production. "On April 12, 2010 Deltron's Elasco manufacturing subsidiary executed a general supplier and patent agreement with a leading diversified technology company with sales exceeding $20 billion and operations in more than 60 countries. The company has chosen Elasco to provide expertise on the tooling, fixtures, equipment, molding and manufacturing processes of a new product in preparation for mass production. Elasco will also produce working prototypes." (DTRO.com, "Deltron Chosen as Supplier by Fortune 500 Company, Signs General Supplier & Patent Agreement", June, 2010)
The Fortune 500 company's product is a patented light transmission product using long-lasting, environmentally friendly LED light source and an optically clear polyurethane molded light element. The product will have broad applications including but not limited to interior and exterior automotive lighting, decorative illumination, task lamps and utility lighting.
Deltron's Elasco has developed manufacturing equipment, and successfully produced pilot run quantities of the product. Elasco is now realizing it's concepts for higher volume manufacturing in anticipation of larger-scale production requirements.
Henry Larrucea, Deltron CEO, commented: "We are making significant progress with our Fortune 500 company partner, as we move toward their production objectives. We have designed and fabricated the equipment, which is currently being expanded to fit the manufacturing requirements for the product's anticipated commercial applications. In addition to our current development revenue, Deltron looks to secure a manufacturing contract as a result of these efforts."
Deltron's wholly owned Elasco subsidiary is a profitable engineered plastics and polyurethane molding and manufacturing company. Elasco continues to increase the Company's revenue and profitability, and recently reported revenues of $2,511,871 for the three quarters ended June 30, 2011, an increase of 27.5% over the same period last year. Gross profit for the period grew 114%, to $452,598.
About Deltron, Inc. (DTRO.OB)
Deltron acquires profitable businesses with strong management teams, substantial revenue and established market positions. Wholly owned Elasco is a proven innovator in product manufacturing with a 32-year operating history, diverse customer base and vertically integrated manufacturing facility in Garden Grove, California. Blu Vu, a division of Deltron, is a developer of proprietary closed circuit rebreather technology and components that go beyond conventional scuba systems to enable commercial and recreational divers to go deeper, stay underwater longer and recover faster.
This Press Release may contain certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. DTRO has tried, whenever possible, to identify these forward-looking statements using words such as "anticipates", "believes", "estimates", "expects", "plans", "intends", "potential" and similar expressions. These statements reflect DTRO's current beliefs and are based upon information currently available to it.
Accordingly, such forward looking statements involve known and unknown risks, uncertainties and other factors which could cause the DTRO's actual results, performance or achievements to differ materially from those expressed in or implied by such statements. DTRO undertakes no obligation to update or advise in the event of any change, addition or alteration to the information catered in this Press Release including such forward-looking statements.
SOURCE: Deltron, Inc.
CONTACT: Deltron, Inc. Henry Larrucea Investor Relations 714-908-5164 investor.relations@dtro.com www.dtro.com Copyright Business Wire 2011
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