ILUS or Ilustrato Pictures International Inc. spoke of its plans to create a renewables subsidiary alongside its Emergency Response; Integrated Systems, and Defense subsidiaries. They spoke about this at its Annual Shareholder’s Meeting on the 28th of January 2022.
Since then, the company has fielded several questions from its shareholders on the progress of the renewables subsidiary. Moreover, ILUS reports that it is in final preparations for the incorporation and launch of its first renewables asset; Replay Solutions. It will commence operations from Serbia and Dubai during the second quarter of 2022; followed by the United States during the fourth quarter of 2022.
“We believe this is the most appropriate time to elaborate further on the plans for our renewables subsidiary. We previously mentioned this and have since fielded numerous questions from Shareholders and interested parties about our plans and intentions for this division of our business,” said ILUS CEO Nick Link.
Additionally, he mentioned that the company had made substantial progress with the renewables business over the last six months. Also, as they approach their official ‘public’ launch for the first business in the division, they would like to give their shareholders more insight into their plans; in order to show how this division fits into and benefits the overall ILUS picture.
“In short, saving lives and saving the environment has always been highest on our priority list, and it runs in our veins. Therefore, renewable and sustainable solutions which protect our environment fit in so well alongside the likes of our emergency response and defense divisions.”
Renewables subsidiary and Replay Solution
ILUS’ newly created renewables subsidiary will initially be primarily orientated around urban mining. Likewise, the urban mining business, known as Replay Solutions, is initially being developed in Serbia and Dubai.
“We have repeatedly communicated our very clear objective of creating a conglomerate where our company can deliver technology that saves lives and improves the world in which we live,” said John-Paul Backwell, ILUS Managing Director, and Replay Solutions Board Member, “We look forward to announcing more about this business once it commences operations in Dubai and Serbia.”
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About ILUS
ILUS International is a Mergers and Acquisitions company. It main focus is on acquiring and developing public safety technology-based companies across the globe. Furthermore, the company operates out of New York, London and Dubai.
