NEW YORK, NY, June 07, 2021 (GLOBE NEWSWIRE) – via NewMediaWire– ILUS International Inc (OTC: ILUS) is a mergers and acquisitions company focused on the acquisition and development of technology companies on a global scale. Having already made three acquisitions since January 2021, the company is also in the process of expanding its distribution networks and developing new partnerships for the increased adoption of its technology.
FireBug’s exclusive distribution agreement with Vijay Fire Vehicles (Vijay) is for the resale of all FireBug technology in India, where Vijay already has strong relationships with government and the private sector and has numerous contracts for the continued supply of fire fighting vehicles and equipment. An OEM partnership agreement has also been signed with Vijay, which allows them to integrate components of FireBug’s patented water mist technology into their own solutions for large projects and high volume orders.
FireBug and Vijay are also collaborating on the development of an all-electric, rapid-response firefighting vehicle for the Indian market. This vehicle is based on ILUS ‘Eraptor electric utility vehicle platform. With pollution in India being a major concern for the Indian government, the shift to electric vehicle solutions is happening quickly and the Vijay Rapid Response Electric Fire Fighting Vehicle is already in high demand by government, airports and industries. manufacturers in India.
Vijay Fire Vehicles General Manager Rajesh Salot said the following about the partnership: “Vijay Fire Vehicles is very pleased to partner with FireBug for its products in India. We are submitting FireBug product specification to many customers in India.
Vijay is listed as Government of India Recommended Supplier and is in the process of adding all FireBug products to Government of India purchasing portal, which will allow all government authorities and municipalities to purchase FireBug products with one click. India has more than 3,700 municipal bodies that are difficult for international manufacturers to infiltrate without a prominent partner and without being listed on the Indian government’s supplier portal.
In partnership with Vijay, FireBug products have undergone rigorous testing and testing by various government departments in India, including the Mumbai Fire Department, which serves a population of over 20 million people in the world. one of the most congested and complex urban environments in the world. With products now approved and discussions on implementation underway, it is expected that the partnership with Vijay will deliver numerous government contracts for FireBug solutions.
Vijay Fire Vehicles has been operating in the fire industry in India for over 60 years. The company is part of the larger Vijay group of companies and is proud to be the largest manufacturer of fire fighting vehicles and equipment in India. The Vijay Group offers a wide range of products and services, including fire fighting vehicles, special vehicles, police vehicles, waste collection and cleaning vehicles, fire fighting equipment , security systems, medical equipment, turnkey industrial and commercial fire safety projects and building management services. Vijay has successfully delivered thousands of vehicle and equipment solutions and executed over 3,500 turnkey projects in India, Asia and the Middle East.
FireBug was acquired by ILUS in January 2021. The company manufactures and provides innovative solutions for fire and rescue services and original equipment manufacturers. FireBug’s solutions harness the power of its patented water mist technology, a world first for specialized firefighting equipment and vehicles manufactured by FireBug. The FireBug product line is extensive and includes small to large size firefighting and rescue vehicles, a line of custom built light firefighting vehicle bodies, UTV firefighting vehicles including electric vehicle UTV solutions, MistMax fire fighting units, floating pumps and strainers, portable BacPac water mist fire extinguishing kits, fire fighting nozzles by MistNozzle water mist and the Mongoose surface penetrating fire hose.
The global fire fighting vehicles market is a growing market owing to the acceptance of new and advanced technology, product innovation and the use of advanced digital tools and modern electronics that will help improve the efficiency, quality and capability of fire fighting vehicles. As urbanization increases and digitization takes place simultaneously, there has been a corresponding increase in municipal government budgets to help improve fire and security services, which is also fueling the growth of the market. fire fighting vehicles. From 2019 to 2024, the global fire fighting vehicles market is expected to register a CAGR of around 6.7%.
The global market for firefighting vehicles and equipment is dominated by Asia-Pacific due to emerging countries like China, India and South Korea which have experienced stable growth in infrastructure coupled with an outlet increased awareness of fires and personal safety. Growing awareness of fires and human safety in the region is driving the demand for firefighting vehicles and equipment and this demand is expected to continue over the next decade.
As India’s population grows exponentially and urbanization continues to increase, the resulting spike in building and construction activity has led the Indian government to enforce strict fire safety regulations in several sectors, including residential, commercial, airports and industries. This is rapidly increasing the demand for fire fighting vehicles and equipment in India.
ILUS Director John-Paul Backwell said: “We have been active in the Indian market for several years and have made steady progress in the Indian market. Today, the signing of this exclusive agreement with Vijay and the associated OEM partnership represents an important step in the growth trajectory of FireBug and ILUS. Vijay is the biggest player in the emergency services industry in India and it is the company that every manufacturer wants to partner with, so this is a significant achievement. In addition, with the implementation by the Indian government of major local reforms to significantly reduce pollution, the collaboration with Vijay on an electric fire vehicle solution for the Indian market is another exciting development in the roadmap of India. ‘ILUS.
ILUS continues to work hard within each of its acquisitions to expand the international distribution networks of its technology. The company is also in the process of negotiating several acquisitions, notably in the United States. The ILUS team is growing as more experience and expertise is added and more announcements will be made on this growth and acquisitions in the days and weeks to come.
For more information on the ILUS group of companies, please see their respective communication channels.
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