EUCLID, Ohio, Could 20, 2021 (Globe NEWSWIRE) — The US Lights Group, Inc. (OTC:USLG) declared today that the enterprise intends to form a new division, RVtronix, to layout, manufacture, and distribute RV Electronics and fiberglass goods to the RV Business. The formation of the new division, RVtronix, will come on the heels of the sale of Intellitronix, a producer of automotive aftermarket gauges.
“The US Lighting Group is excited to announce yet another phase of its 2021 Strategic Organization Strategy to make use of our electronics know how and expertise to develop our advancement potential into the a great deal larger sized RV market place. By forming RVtronix, we intend to file for US and Intercontinental patents and release a line of RV AC/DC electrical power center with an integrated power administration load shedder technique for leisure vehicles. It is the greatest system for preserving ability and balancing appliance use with useful resource management. We have numerous other digital products that are already in the queue. With the new solution line of RV Electronics goods, we will access a broader industry of B2B clients,” claimed Paul Spivak, CEO of the US Lighting Team.
Mr. Spivak carries on, “There are added electronics goods that are presently in improvement for the RV current market as well. Expanding the US Lighting Team to involve RVtronix will have positive rewards for the US Lights Team shareholders and allow the company to improve our position in the RV marketplace.”
World wide recreational auto (RV) current market was approximated at USD 51 billion in 2019 and is expected to arrive at USD 77 billion by 2026. The world-wide RV sector is predicted to mature at a compound once-a-year progress fee (CAGR) of 6% from 2020 to 2027. The recreational vehicles marketplaces in the US and Europe are predicted to witness fast growth due to increasing integration of highly developed systems in RVs.
About U.S. Lighting Group, Inc.
US Lighting Group (OTC:USLG) is a holding organization that now is made up of Cortes Campers, a groundbreaking company of recreational autos using vacuum infusion and the maximum good quality maritime products to make lighter body weight, much better, and much more sturdy RV journey trailers and campers. Fusion X Maritime is boat manufacturer and franchisor that is in the system of promoting throughout the world mini powerboat rental franchises to fill an untapped market. Futuro Homes designs to manufacture composite off grid properties for the very small dwelling marketplace. The businesses have producing and R&D amenities in Cleveland, Ohio. All divisions are in the process of setting up throughout the world distinctive territory product sales distribution networks. uslightinggroup.com
Statements incorporated in this push launch, other than statements of historical reality, are ahead-wanting statements produced in reliance on the safe and sound harbor provisions of Section 27A of the Securities Act of 1933 and Area 21E of the Securities Trade Act of 1934. Ahead-hunting statements are commonly, but not usually, discovered by the words: consider, hope, anticipate, intend, estimate, and identical expressions or which by their mother nature refer to foreseeable future functions. Whilst the Corporation believes that the expectations reflected in these ahead-on the lookout statements are fair, it can give no assurance that these kinds of anticipations will prove to have been correct. True success may well vary materially from those people indicated by these statements.
US Lights Team
1148 East 222nd Street
Euclid, OH 44117 United states of america
T: +1 216.896.7000