Deltron Chosen as Supplier by Fortune 500 Company, Signs General Supplier & Patent Agreement
24 Juni 2010 - 10:00AM
Business Wire
Deltron, Inc. (OTCBB: DTRO) announced today that it has entered
into a general supplier and patent agreement with a global Fortune
500 company. Deltron’s wholly owned manufacturing subsidiary,
Elasco, Inc., has been selected by a major research and development
company to work on production of a patented LED light transmission
product. Deltron is working closely with the company’s engineering
team on manufacturing process design and prototype production and
hopes to secure a lucrative manufacturing contract upon completion
of the development phase of the manufacturing process.
On April 12, 2010 Deltron’s Elasco manufacturing subsidiary
executed a general supplier and patent agreement with a leading
diversified technology company with sales exceeding $20 billion and
operations in more than 60 countries. The company has chosen Elasco
to provide expertise on the tooling, fixtures, equipment, molding
and manufacturing processes of a new product in preparation for
mass production. Elasco will also produce working prototypes.
The design is a patented light transmission product using
long-lasting, environmentally friendly LED light sources. The
product will have applications ranging from automotive interior and
exterior lighting, lamp task lighting, decorative spotlighting and
utility lighting.
Henry Larrucea, Deltron CEO, commented: “Entering into this
product development agreement with a major Fortune 500 company
represents a huge step forward for Deltron. We were selected by a
global leader in research and development because we have the
technical ability to meet their exacting requirements and capacity
to deliver on their product development objectives. We are earning
consulting revenue now and hope to turn our collaboration into a
very lucrative manufacturing contract. As we move ahead we look
forward to providing shareholders with more details.”
Deltron’s wholly owned Elasco subsidiary is a profitable
engineered plastics and polyurethane molding and manufacturing
company. Elasco has been in business since 1979 and has a highly
efficient and vertically integrated production facility in Southern
California. The company provides complete design and manufacturing
services including prototype work, mold and tooling design,
manufacturing, custom casting, plastic injection molding and
proprietary polymer mixing.
About Deltron, Inc. (DTRO.OB)
Deltron acquires profitable businesses with strong management
teams, substantial revenue and established market positions. Wholly
owned subsidiary Blu Vu is a developer of proprietary closed
circuit rebreather technology and components that go beyond
conventional breathing systems to enable commercial and
recreational divers to go deeper, stay underwater longer and
recover faster. Wholly owned Elasco is a proven innovator in
product manufacturing with a 30-year operating history, diverse
customer base and vertically integrated manufacturing facility in
Garden Grove, California.
This Press Release may contain certain forward-looking
statements within the meaning of the Private Securities Litigation
Reform Act of 1995. DTRO has tried, whenever possible, to identify
these forward-looking statements using words such as "anticipates",
"believes", "estimates", "expects", "plans", "intends", "potential"
and similar expressions. These statements reflect DTRO’s current
beliefs and are based upon information currently available to
it.
Accordingly, such forward looking statements involve known and
unknown risks, uncertainties and other factors which could cause
the DTRO’s actual results, performance or achievements to differ
materially from those expressed in or implied by such statements.
DTRO undertakes no obligation to update or advise in the event of
any change, addition or alteration to the information catered in
this Press Release including such forward-looking statements.
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