Deltron Reports on Growing Manufacturing Business, Technology Development and Strategy for Expansion
07 Juli 2010 - 10:00AM
Business Wire
Deltron, Inc. (OTCBB: DTRO) is pleased to provide shareholders
with an update on the company’s established polyurethane
manufacturing business, development of proprietary breathing
technology, and strategy for increased revenue and market
penetration this year.
Deltron’s Blu Vu Deep Oil and Gas Exploration, Inc. division is
a developer of breathing technology for use in extreme
environments. Blu Vu designs and develops proprietary
closed-circuit rebreathers and components for deep sea oil &
gas exploration, mining, search and rescue, fire, building safety
and hazardous materials applications, as well as for recreational
diving. As the rebreather technology is designed to increase dive
time, depth and diver efficiency, a key application is in offshore
oil and gas drilling. Blu Vu’s solutions are engineered to allow
offshore operators to provide more comprehensive equipment
inspections and thorough maintenance operations as well as
maximizing diving time when needed during critical spill
containment maneuvers. Deltron recognizes the critical need for
solutions to improve inspection, maintenance and repair of oil and
gas rigs like BP’s Deepwater Horizon.
Blu Vu is progressing with the development of innovative
components including a new proprietary bailout valve, which is a
critical airflow safety and control mechanism for rebreathers. The
Company has applied for patents, produced working prototypes,
selected a manufacturing tooling provider and established contact
with rebreather OEMs. Blu Vu is completing an extensive testing
process and plans to launch models for commercial as well as
recreational diving in October.
Wholly owned subsidiary Elasco, Inc. is a growing engineered
plastics and polyurethane molding and manufacturing company. Elasco
has been in business for 31 years producing recreational and
industrial products. From its vertically integrated production
facility in Garden Grove, California, the company provides complete
design and manufacturing services including prototype work, mold
and tooling design, manufacturing, proprietary polymer mixing,
custom casting and plastic injection molding. Elasco generates
revenue serving a diverse customer base and sees opportunities to
expand its business this year.
An exciting growth area for Elasco is in the development and
sale of new, “green” polyurethane formulations made from renewable
plant-based raw materials, rather than petrochemicals. The company
has developed sustainable, energy efficient soy-based polyurethanes
that significantly reduce the carbon footprint of manufactured
products. The soy-based polyol resins used in Elasco’s
polyurethanes reduce related carbon emissions from the
manufacturing process by 36%, require less energy to produce, use
sustainable materials, are free of volatile organic compounds
(VOCs), and reduce demand for and reliance on non-renewable
petroleum reserves.
Deltron recently announced that Elasco has been selected by a
major Fortune 500 research and development company to work on
production of a patented, environmentally friendly LED light
transmission product. Deltron has entered into a general supplier
and patent agreement with this company, which has operations in
more than 60 countries and sales exceeding $20 billion. Deltron is
working closely with the company’s engineering team on
manufacturing process design and prototype production. Deltron
hopes to secure a lucrative manufacturing contract in addition to
providing consulting services.
As reported, Deltron’s Elasco generated $2,032,000 in revenue
and $127,700 in earnings, before interest, taxes, depreciation and
amortization (EBITDA) in 2009. Positive indicators for increased
sales and profitability this year include the addition of several
new customers, inquiries from potential new customers and
additional orders from existing customers.
Deltron continues to seek complementary businesses to enhance
its growth. The company is looking to acquire additional companies
with historically profitable results, strong balance sheets, high
profit margins and solid management teams. Deltron is focusing on
other manufacturing companies, as well as businesses in the
commercial and recreational diving field.
Henry Larrucea, Deltron CEO, commented: “Deltron’s prospects for
near-term growth are excellent. Our manufacturing business is
seeing increases in demand, our Blu Vu engineering team leads the
industry in rebreather technology expertise and production
capacity, and we are working on new initiatives and acquisitions to
bring significant value and income to Deltron.”
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 scuba 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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