NEW YORK, NY -- March 22, 2022 -- InvestorsHub NewsWire
-- ILUS International Inc (OTC:
ILUS) is a Mergers and Acquisitions company focused on
acquiring and developing public safety technology-based companies
across the globe. At its Annual Shareholder’s Meeting on the
28th of January 2022, the company spoke of its
plans to create a renewables subsidiary alongside its Emergency
Response, Integrated Systems and Defense subsidiaries. Since then,
the company has fielded several questions from its Shareholders on
the progress of the renewables subsidiary. ILUS is in final
preparations for the incorporation and launch of its first
renewables asset, Replay Solutions, which will commence operations
from Serbia and Dubai during the second quarter of 2022, followed
by the United States during the fourth quarter of 2022.
“We believe this is the most appropriate time to elaborate
further on the plans for our renewables subsidiary. We previously
mentioned this and have since fielded numerous questions from
Shareholders and interested parties about our plans and intentions
for this division of our business. We have made substantial
progress with the renewables business over the last 6 months and as
we approach our official ‘public’ launch for the first business in
the division, we would like to give our Shareholders more insight
into our plans and how this division fits into and benefits the
overall ILUS picture. In short, saving lives and saving the
environment has always been highest on our priority list and it
runs in our veins. Therefore, renewable and sustainable solutions
which protect our environment fit in so well alongside the likes of
our emergency response and defense divisions,” said ILUS CEO, Nick
Link.
ILUS’ core business is and will always remain orientated around
fire and rescue, emergency response and public safety in general.
The company formulated its Emergency Response Technologies (ERT)
subsidiary over 6 months ago and has since been aggressively
progressing it. ILUS’ initial short-term plans were to create and
develop subsidiaries for its aligned acquisitions which would
streamline management, increase efficiency, and ultimately make
ILUS more effective at protecting and saving lives, and the
environment. To this end, ILUS recently registered several US
entities in the state of Delaware, including Emergency Response
Technologies Inc, Vira Drones Inc, FireBug Technologies Inc,
KurveXR Inc, E-Raptor Technologies Inc and ILUS Industries Inc.
These sector specific entities have been created by ILUS to manage
the subsidiaries and for each to develop their own self-sufficient
management team that will incubate and grow each subsidiary. ILUS’
aim is that each subsidiary will grow into its own substantial
business. These existing subsidiaries will now be joined by the
Renewables subsidiary.
The ILUS leadership has divided up responsibilities among the
management team and its senior staff so that it is effectively
progressing each subsidiary whilst simultaneously completing
several acquisitions for ERT. ERT will be home to ILUS’ Emergency
Response acquisitions and therefore include companies which
manufacture firefighting equipment or rescue vehicles, or which
have technology or products for the emergency response sector.
Current acquisitions or technologies sitting within ERT are
FireBug, The Vehicle Converters, Georgia Fire and Rescue Supply,
Bull Head Products, the rescue drones from within the Vira Drones
range and the virtual reality life safety training from KurveXR.
Several similarly aligned new acquisitions which are currently in
the process of being completed by ILUS will also be added to ERT,
including that of a previously mentioned large acquisition with six
figure revenues. Remaining outside of the ERT business will be Vira
Drones, KurveXR and BCD Fire, which form part of, or operate as
their own subsidiaries under the ILUS umbrella. In addition to the
Renewables subsidiary, the company will officially be adding a
Defense subsidiary for which it plans to add a very significant
acquisition soon.
ILUS’ newly created renewables subsidiary will initially be
primarily orientated around urban mining. The urban mining
business, known as Replay Solutions (www.replay-solutions.com),is initially being
developed in Serbia and Dubai. ILUS plans to launch the urban
mining business in the US during the fourth quarter of 2022 using a
franchise model. Further assets will be added to the
renewables division in the future; however, due to the ongoing
shortage of precious metals globally, with demand far outstripping
supply, Replay Solutions is in a strong position to capitalize on
the demand through its urban mining business.
Replay Solutions has been building its management team for the
past six months. The core management of the company is in place and
has been working for the company for some time already. The
required plant machinery for the scale up has been ordered and will
be arriving at the Serbia and Dubai sites within weeks. Replay
Solutions expects to have both sites fully operational by the start
of May 2022. When Replay Solutions expands its operations to the US
in the fourth quarter, it will operate a “hub and spoke” business
model whereby one centralised regional hub with a large refining
centre will be supplied by regional franchises that will be sold in
each state by the company. Franchisees will be responsible for
collecting, crushing, and then delivering the raw materials to the
regional hub for complete refining. The management of Replay
Solutions have previously achieved great success with this business
model in similar businesses and believe it is both a lucrative and
rewarding opportunity for Franchisees.
Urban mining is the process of recovering rare metals from
discarded electronic equipment and electrical waste using
mechanical and chemical treatments. Increased computerization,
automation and modernization in general is driving the increased
requirement for electronic devices and solutions. In turn the
rapidly increasing demand for electronics is increasing the demand
for the precious metals required to manufacture the
electronics. Continuously mining rare earth metals directly
from the earth is extremely detrimental to the environment and
extremely uneconomical, yet even renewable energy technologies
designed to save the environment such as electric vehicles and
solar power are driving up the demand for precious metals.The
consequence of large-scale mining is not sustainable and requires a
balancing act to fulfil the ever-growing demand for the world’s
electronic requirements. As the push for green technology and
solutions continues, the challenge of obtaining rare earth metals
without it becoming an environmental problem itself is forcing
creative solutions and urban mining is one of them. The electronics
people often throw away are a viable source of rare earth metals,
and these electronics are all over cities across the planet. So,
urban mining is a means of establishing a closed loop lifecycle by
collecting electronic waste and reclaiming the rare earth metals
from these unwanted electronics without creating further damage to
the environment, and then using the same rare earth metals to
reproduce the electronics.
To illustrate the inefficiency of traditional below ground
mining when compared with urban mining of e-waste, from one tonne
of ore mined from the average gold mine, an average of 5 grams of
gold is obtained. Conversely, there is an average of 240 grams of
gold obtained from one tonne of scrapped cell phones – there is
also platinum, copper, tin, palladium, aluminium, lithium and
more. Seven percentof the world’s gold can be found in old,
unused electronic products. Using the example of cell phones only,
studies show that Americans discard approximately nearly 200
million cell phones per year. In a study of 27 countries, the
unused cell phones represent a sales value of nearly $2.5 billion
in precious metals like gold, silver, palladium, platinum, and
copper, which are all used to manufacture new electronic
devices. India alone generates 2 million metric tonnes of
e-waste per annum and is only the fifth largest generator after the
U.S., China, Japan, and Germany. Cell phones play a major role in
the e-waste generated every year since there are over 5 billion
cell phone users globally, with most users replacing or discarding
their cell phone every two years. Through urban mining, there can
be more than enough global supply of precious metals from unused
electronic devices to support the demand for new electronic devices
which are being purchased annually.
Replay Solutions, which is the brainchild of ILUS CEO, Nick
Link, has experimented for many years to develop an environmentally
friendly, compact, efficient, and fully automated method of
re-mining electronic waste in order extract the precious metals
from it. The company has successfully developed and is now
implementing its own innovative process for the extraction and
refinement of the precious metals. Replay Solutions has already
obtained a substantial and consistent supply of raw materials
through several government contracts and is beginning to scale the
business through its facility in Dubai and a larger operation in
Serbia. In Serbia, the company later plans to add a specialized
lithium recycling plant which will play a key role in supplying the
growing lithium battery demand which already drastically exceeds
its supply. ILUS has spoken with the lithium battery suppliers who
supply the world’s largest automotive manufacturers with batteries
for their electric vehicles and these suppliers have confirmed
their lithium shortage and their willingness to receive supply from
Serbia. With the continuously increasing commodity prices, a trend
which is set to continue at an alarming rate, it is the perfect
time to enter the urban mining sector with the most innovative and
efficient e-waste re-mining processes.
John-Paul Backwell, ILUS Managing Director and Replay Solutions
Board Member, concluded with the following: “We have repeatedly
communicated our very clear objective of creating a conglomerate
where our company can deliver technology that saves lives and
improves the world in which we live. We have made immense progress
over the last few months with our ERT business, and we continue to
hire and acquire for this subsidiary. ERT remains our core focus,
especially with such exciting plans already underway for it,
however we are continuing to operate according to the milestones we
set for our business. Achieving these milestones keeps us on track
towards becoming a global brand that is synonymous with a safety,
security, and sustainability. Renewable technologies and processes
such as urban mining which reduce the detrimental effects that
traditional mining can have on the environment are one of several
ways that we are aggressively pushing towards the achievement of
our primary objective. Replay Solutions signifies the beginning of
our renewables subsidiary, and it is particularly exciting because
of the government supply contracts and revenue opportunities it
provides. We look forward to announcing more about this business
once it commences operations in Dubai and Serbia.”
For further information on the companies, please see their
communication channels:
Website: https://ilus-group.com
Twitter: OTC_ILUS
Email: IR@Ilus-Group.com
Source: ILUS
Related Links
https://ilus-group.com
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"forward-looking information", including "future-oriented financial
information" and "financial outlook", under applicable securities
laws (collectively referred to herein as forward-looking
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information contained herein constitutes forward-looking statements
and includes, but is not limited to, the (i) projected financial
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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
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OTC_ILUS
Note: ILUS Coin does not sit within ILUS International Inc
(Ilustrato Pictures International Inc), so the public are
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public company OTC: ILUS.
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