ILUS Confirms the Incorporation of Its Defense Subsidiary,
NEW YORK, NY, Feb. 13, 2023 (GLOBE NEWSWIRE) -- via NewMediaWire - ILUS International Inc. (OTC: ILUS) is a Mergers and Acquisitions company focused on acquiring and growing companies in the public safety, industrial, defense and renewable sectors. The company has incorporated Hyperion Defense Solutions to roll out its defense sector growth through several acquisitions and partnerships which are currently in progress.
ILUS co-founded Hyperion Defense Solutions (Hyperion) alongside two experienced and esteemed British military veterans, Chris Derbyshire, and Tim Grey. Through their combined 34 years of military service and 22 years holding senior roles in the defense sector, they have amassed a wealth of technical expertise and senior level contacts as well as an acute understanding of defense customer requirements and military procurement processes.
Building on this foundation, Hyperion is now rolling out its aggressive triple pronged growth strategy, which includes the following:
1. Acquisition of defense companies with advanced technology that is critical to protecting warfighters and the communities they serve.
2. Acquisition of the intellectual property rights to groundbreaking defense technology.
3. Strategic partnerships which leverage senior relationships at both government and international organization level for participation in several large projects.
The Global Defense market has been estimated to reach $718 billion in 2027, although newer data is expected to reflect higher projected growth due to the continued war in Ukraine, increased geo-political tensions in many regions globally, and an increase in cyber-terrorism threats. This and several additional factors have led to increased instability, placing heightened demand on the defense sector leading to increased growth.
Hyperion aims to provide effective defense capability through advanced technology in the following key areas:
· Joint Close Air Support (JCAS)
· Counter Improvised Explosive Devices (CIED)
· Security Risk Management
· Simulation Technology and Services
Hyperion offers agnostic turnkey solutions that provide improved capability directly to the warfighter. Through strategically aligned and profitable acquisitions, strong partnerships, and a network of trusted military veterans from both regular and Special Operations Forces (SOF), Hyperion aims to provide its customers with the technological capability, solutions and services that will protect their warfighters and provide them with a technological advantage.
Currently, Hyperion is negotiating a large JCAS acquisition and is also in talks to acquire the Intellectual Property Rights of revolutionary Counter IED technology. The company has already leveraged and continues to leverage its industry experience to develop a network of mutually beneficial partnerships that will complement these and future acquisitions.
Hyperion Defense Solutions has originally been incorporated by ILUS in the United Kingdom. A link to the Hyperion Defense Solutions website can be found here: https://hyperion-defence.com
“The formation of Hyperion is integral to the successful roll out and scale up of our defense subsidiary. We expect this division to deliver upwards of $15 million in profitable revenue this year before it ramps up exponentially in 2024. More importantly though, we believe Hyperion’s technology could save thousands of lives every year and prevent tens of thousands of critical injuries. Using just one example, IED’s (Improvised Explosive Devices) have been responsible for the majority of civilian and military deaths in war zones and account for nearly half of the US troop deaths in war zones between 2011 and 2020. We aim to globally launch and commercialize the groundbreaking technology which more efficiently detects the explosive devices that are responsible for causing such widespread and catastrophic loss of life. This is one of several key areas where we believe Hyperion will play a valuable role in delivering our overall ILUS vision,” said ILUS Managing Director John-Paul Backwell.
For further information on the companies, please see their communication channels:
Certain information set forth in this press release contains "forward-looking information", including "future-oriented financial information" and "financial outlook", under applicable securities laws (collectively referred to herein as forward-looking statements). Except for statements of historical fact, the information contained herein constitutes forward-looking statements and includes, but is not limited to, the (i) projected financial performance of the Company; (ii) completion of, and the use of 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 financing for the Company's projects; (vi) completion of the Company's projects that are currently underway, in development or otherwise under consideration; (vi) renewal of the Company's current customer, supplier and other material agreements; and (vii) future liquidity, working capital, and capital requirements. Forward-looking statements are provided to allow potential investors the opportunity to understand management's beliefs and opinions in respect of the future so that they may use such beliefs and opinions as one factor in evaluating an investment. These statements are not guarantees of future performance and undue reliance should not be placed on them. Such forward-looking statements necessarily involve known and unknown risks and uncertainties, which may cause actual performance and financial results in future periods to differ materially from any projections of future performance or result expressed or implied by such forward-looking statements. Although forward-looking statements contained in this presentation are based upon what management of the Company believes are reasonable assumptions, there can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. The Company undertakes no obligation to update forward-looking statements if circumstances or management's estimates or opinions should change except as required by applicable securities laws. The reader is cautioned not to place undue reliance on forward-looking statements. The Securities and Exchange Commission ("SEC") has provided guidance to issuers regarding the use of social media to disclose material non-public information. In this regard, investors and others should note that we announce material financial information via official Press Releases, in addition to SEC filings, press releases, Questions & Answers sessions, public conference calls and webcasts also may take time from time to time. We use these channels as well as social media to communicate with the public about our company, our services, and other issues. It is possible that the information we post on social media could be deemed to be material information. Therefore, considering the SEC's guidance, we encourage investors, the media, and others interested in our company to review the information we post on the following social & media channels:
Note: ILUS Coin does not sit within ILUS International Inc (Ilustrato Pictures International Inc), so the public are recommended to follow the correct Media Channels relating to the public company OTC: ILUS
- Public Art Abu Dhabi Launches with the Unveiling of WAVE Media Art Installation
- 5 Best Values of Developing Soft Skills in Students’ Education
- Aaron Yan's first 17Sing APP live stream, Q&A, and dare or truth, Guaranteed not to Be Boring
- CONEXPO-CON/AGG 2023: XCMG Excavator Releases 17 Models Customized for the North American Market
- HUYA Inc. Reports Fourth Quarter and Fiscal Year 2022 Unaudited Financial Results
How do I find the best sourcing agents in Vietnam?
Breaking News: Vingroup’s Shocking Move to Revolutionize Taxi Industry with Electric Cars – Be Group Partnership Revealed!
Shares open new week on negative note amid uncertainty
What to know about the new Malaysian CEO of Vietnamese property developer Novaland
Careful action required to curb inflation threat