US Lighting Group announces intention to start RVtronix to manufacture RV electronics
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EUCLID, Ohio, May 20, 2021 (GLOBE NEWSWIRE) – The US Lighting Group, Inc. (OTC: USLG) today announced plans to create a new division, RVtronix, to design, manufacture and distribute RV Electronics and products in fiberglass for the RV industry. The creation of the new division, RVtronix, follows the sale of Intellitronix, a manufacturer of automotive aftermarket gauges.
“The US lighting group is delighted to announce another phase of its 2021 strategic business plan to use our electronics know-how and expertise to expand our growth potential in the much larger RV market. By forming RVtronix, we intend to file US and international patents and launch a line of RV AC / DC power centers with an integrated power management system for recreational vehicles. It is the ultimate system for conserving power and balancing device usage with resource management. We have many other electronic products that are already in the queue. With the new RV Electronics product line, we will reach a larger market of B2B customers, ”said Paul Spivak, CEO of the US Lighting Group.
Mr. Spivak continues, “Other electronic products are currently in development for the RV market as well. The expansion of the US Lighting Group to include RVtronix will have positive benefits for the shareholders of US Lighting Group and will allow the company to increase its position in the RV market. ”
The global recreational vehicle (RV) market was estimated to be worth $ 51 billion in 2019 and is expected to reach $ 77 billion by 2026. The global recreational vehicle (RV) market is expected to grow at a compound annual growth rate (CAGR) of 6% from 2020 to 2027 The recreational vehicle markets in the United States and Europe are expected to experience rapid growth due to the increasing integration of advanced technologies in recreational vehicles.
About US Lighting Group, Inc.
US Lighting Group (OTC: USLG) is a holding company that currently consists of Cortes Campers, a revolutionary manufacturer of recreational vehicles using vacuum infusion and the highest quality marine materials to create high-quality caravans and motorhomes. Lighter, stronger and more durable travel and motorhomes. Fusion X Marine is a boat manufacturer and franchisor that is selling mini powerboat rental franchises around the world to fill an untapped niche. Futuro Houses plans to manufacture off-grid composite houses for the small house market. The companies have manufacturing and R&D facilities in Cleveland, Ohio. All divisions are in the process of establishing exclusive sales distribution networks around the world. uslightinggroup.com
Statements included in this press release, other than statements of historical fact, are forward-looking statements made in reliance on the safe harbor provisions of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements are generally, but not always, identified by the words: believe, expect, anticipate, intend, estimate and similar expressions or which by their nature refer to future events. Although the company believes that the expectations reflected in these forward-looking statements are reasonable, it can give no assurance that these expectations will prove to be correct. Actual results may differ materially from those indicated by these statements.
ContactUS Lighting Group 1148 East 222nd StreetEuclid, OH 44117 USAT: + [email protected]
Source: US Lighting Group, Inc.