With US Lighting Group's rapid expansion, the acquisition of Intellitronix Corp. will improve our ability to handle the growing product line
EASTLAKE, OH--(Marketwired - Aug 17, 2017) - US Lighting Group, Inc. (
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.
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.
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.
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About US Lighting Group, Inc.
US Lighting Group, Inc. (
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Forward Looking Statements
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US Lighting Group, Inc. - Investor Relations