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US Lighting Group Expands by Acquiring Intellitronix Corp., the Undisputed Leader in LED Digital Automotive Instrumentation
US Lighting Group Expands by Acquiring Intellitronix Corp., the Undisputed Leader in LED Digital Automotive Instrumentation.
About this update from Us Lighting Group, Inc.
[{"type":"text","content":"\n \n \n US Lighting Group Expands by Acquiring Intellitronix Corp., the Undisputed Leader in LED Digital Automotive Instrumentation\n \n \nUS Lighting Group Expands by Acquiring Intellitronix Corp., the Undisputed Leader in LED Digital Automotive Instrumentation\n\nWith US Lighting Group's rapid expansion, the acquisition of Intellitronix Corp. will improve our ability to handle the growing product line\n\n \n EASTLAKE, OH--(Marketwired - Aug 17, 2017) - US Lighting Group, Inc. (OTC PINK: USLG) (\"US Lighting Group\" or the \"Company\"), announces the acquisition of the Intellitronix Corp. (www.Intellitronix.com) as a new wholly-owned subsidiary. As we welcome the Intellitronix Corp. into the US Lighting Group company, we believe that their expertise in LED digital instruments, automotive and custom electronics will greatly contribute toward expanding our product offerings.\n As part of US Lighting Group's continuing expansion, the new acquisition of Intellitronix Corp. will improve our ability to handle the growing demands of our customer base while pursuing new and exciting lines of products. The acquisition included, but not limited to, a complete robotic automated SMT assembly line, international customer base, patents pending, extensive intellectual property and goodwill. The company agreed to pay $4,000,000 in exchange for all the shares of Intellitronix Corp. The affiliate is consolidated with the Company due to common control.\n United by a common business culture, a new alliance between US Lighting Group and Intellitronix Corp. has been signed. The acquisition now makes US Lighting Group a forerunner in the LED Innovation market, enhancing the company's future growth and performance. Intellitronix Corp. brings in product development expertise, excellent products and an established international consumer base.\n By combining resources, US Lighting Group and Intellitronix Corp. will now be leading the industry into more innovative LED technologies, strengths, and assets that you will not find in other technology giants in the global market. The acquisition agreement was closed Thursday December 1, 2016, having been approved by core members of the Board of Directors and top stockholders.\n To view US Lighting Group's full profile at OTC Market Group, visit: http://www.otcmarkets.com/stock/USLG/quote.\n About US ...