Business
OTC:ILUS, ILUS International (Ilustrato Pictures International Inc), Acquires Bright Concepts Detection & Protection LLC, a Specialist Fire & Security Systems Integrator Which Currently Operates Out of Dubai, United Arab Emirates
OTC:ILUS, ILUS International (Ilustrato Pictures International Inc), Acquires Bright Concepts Detection & Protection LLC, a Specialist Fire & Security Systems Integrator Which Currently Operates Out of Dubai, United Arab Emirates.
About this update from Ilustrato Pictures International Inc.
[{"type":"text","content":"\n NEW YORK, NY, April 13, 2021 (GLOBE NEWSWIRE) -- via NewMediaWire -- ILUS International(OTC: ILUS) is a M&A company focused on acquiring and developing technology companies. Founded in 2014, Bright Concepts Detection & Protection LLC (BCD), is a profitable Fire Systems Integrator which employs approximately 40 staff for the design, installation and maintenance of Fire Fighting Systems and Pumps for major infrastructure projects. BCD currently operates from its own warehouse and maintenance facility located in Dubai, United Arab Emirates. The company is currently working on 3 large projects for major hotel groups including the new Five Hotel & Resort, Rove Hotel and a new 60-floor tower hotel in Dubai. BCD currently has a healthy sales pipeline including the imminent award of 2 more large projects totaling $3 million over 2 years.  The company has an exceptionally strong in-house engineering team with combined experience of more than 50 years and crucially, holds the relevant operating licenses for the design, installation and maintenance of Fire Systems. BCD has built a credible reputation of delivering projects for major contractors in the United Arab Emirates, such as Nakheel, Emaar and Meraas. ILUS CEO Nicolas Link has been a close ally of retiring BCD CEO, Mr. Narinder Chadha, for more than 15 years, dating back to previous businesses which they both headed up.  ILUS has acquired BCD for an undisclosed sum which was paid for mostly with cash and some restricted shares. FireBug, a wholly owned subsidiary of ILUS, and BCD have been aligning and structuring a take-over for 2 years with the goal of providing ILUS with the most effective route to market for its Fixed Fire Fighting Systems. This also includes its new Kitchen Fire Suppression System which is undergoing testing and is due to be released to the market in the third and fourth Quarter of 2021.  ILUS already has a range of technology patents with more products currently in development to be tested, certified and patented over the coming months. The technology is largely focused on delivering a highly efficient low pressure water mist to extinguish fires. ILUS’ technology uses science to fight the fire. *A basic explanation of the science involved is that any fuel decomposes with heat and this gives off a micro...