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OTC:ILUS Partners With Milanion Group to Integrate ILUS Technologies With Milanion Autonomous Vehicle Technology

SmallCaps Daily February 3, 2021

252 2 minutes read

New York – (NewMediaWire) – February 2, 2021 – 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 6×6 UTV.