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EUCLID, Ohio, Could 20, 2021 (World NEWSWIRE) — The US Lights Team, Inc. (OTC: USLG) declared now that the enterprise intends to form a new division, RVtronix, to design, manufacture, and distribute RV Electronics and fiberglass products to the RV Business. The development of the new division, RVtronix, arrives on the heels of the sale of Intellitronix, a company of automotive aftermarket gauges.
“The US Lighting Team is psyched to announce an additional section of its 2021 Strategic Business enterprise Program to benefit from our electronics know how and expertise to expand our progress likely into the significantly much larger RV current market. By forming RVtronix, we intend to file for US and Worldwide patents and release a line of RV AC/DC ability centre with an integrated energy management load shedder method for recreational automobiles. It is the top process for preserving electricity and balancing appliance utilization with source management. We have numerous other electronic products and solutions that are by now in the queue. With the new product line of RV Electronics solutions, we will attain a broader current market of B2B prospects,” reported Paul Spivak, CEO of the US Lighting Team.
Mr. Spivak proceeds, “There are additional electronics products that are at this time in progress for the RV market place as properly. Increasing the US Lighting Group to contain RVtronix will have optimistic positive aspects for the US Lighting Group shareholders and allow for the business to develop our position in the RV marketplace.”
World-wide leisure motor vehicle (RV) marketplace was approximated at USD 51 billion in 2019 and is envisioned to reach USD 77 billion by 2026. The global RV market place is predicted to improve at a compound once-a-year growth level (CAGR) of 6% from 2020 to 2027. The recreational automobiles markets in the US and Europe are predicted to witness swift development thanks to increasing integration of state-of-the-art technologies in RVs.
About U.S. Lights Group, Inc.
US Lights Team (OTC: USLG) is a holding business that now consists of Cortes Campers, a revolutionary manufacturer of leisure cars employing vacuum infusion and the maximum quality maritime components to generate lighter pounds, much better, and far more durable RV vacation trailers and campers. Fusion X Maritime is boat producer and franchisor that is in the process of providing worldwide mini powerboat rental franchises to fill an untapped niche. Futuro Residences ideas to manufacture composite off grid houses for the little dwelling marketplace. The organizations have manufacturing and R&D amenities in Cleveland, Ohio. All divisions are in the approach of placing up around the world unique territory product sales distribution networks. uslightinggroup.com
Statements included in this press launch, other than statements of historic truth, are forward-wanting statements built in reliance upon the risk-free harbor provisions of Portion 27A of the Securities Act of 1933 and Section 21E of the Securities Trade Act of 1934. Ahead-on the lookout statements are ordinarily, but not often, identified by the words and phrases: believe, anticipate, anticipate, intend, estimate, and related expressions or which by their character refer to upcoming functions. Even though the Enterprise thinks that the anticipations reflected in these types of forward-looking statements are fair, it can give no assurance that these types of expectations will show to have been proper. Actual success might vary materially from these indicated by these statements.
ContactUS Lights Group1148 East 222nd StreetEuclid, OH 44117 USAT: +1 216.896.7000[email protected]
Resource: US Lighting Group, Inc.