Deltron’s Blu Vu in Negotiations with Leading Rebreather OEMs for Component Sales and Technology Licensing
18 November 2010 - 2:00PM
Business Wire
Deltron, Inc. (OTCBB: DTRO) is pleased to report that the
Company’s Blu Vu division is in talks with leading manufacturers of
rebreather equipment. Blu Vu designs and develops components and
systems for closed-circuit rebreathers—underwater life support
systems that recirculate breathing gases to enable deeper, longer
and more productive dives. Blu Vu is currently discussing potential
sales of components as well as potential technology licensing
agreements with rebreather OEMs as part of their sales and
marketing efforts.
Henry Larrucea, Deltron CEO, commented: “Deltron’s Blu Vu
subsidiary is engaged in ongoing negotiations with industry leaders
in the manufacture and sale of rebreather systems. We are pursuing
opportunities to sell components to the OEMS as well as license Blu
Vu’s proprietary technology for integration with their products.
This is an exciting time for the Deltron organization as we work to
gain market share in a growing industry.”
Founded in 2008, Blu Vu is led by internationally renowned deep
sea and cave diving expert Jeffrey Bozanic, Ph.D. 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.
Rebreathers are highly efficient breathing systems that
recirculate the gas a diver breathes, removing the carbon dioxide
generated by human metabolism and adding oxygen and other gases to
replace what is consumed. Rebreathers are more efficient and less
limiting than conventional scuba systems, enabling commercial and
recreational divers to go deeper, stay underwater longer, increase
productivity during dives, and minimize decompression
obligations.
About Deltron, Inc. (DTRO.OB)
Deltron acquires profitable businesses with strong management
teams, substantial revenue and established market positions. Wholly
owned Elasco is a proven innovator in product manufacturing with a
31-year operating history, diverse customer base and vertically
integrated manufacturing facility in Garden Grove, California. Blu
Vu, a division of Deltron, 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.
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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