Deltron Develops Manufacturing Capability for Fortune 500 Company Consumer Product
21 September 2011 - 2:00PM
Business Wire
Deltron, Inc. (OTCBB: DTRO) announced this month it is moving
forward with its current general supplier and patent agreement with
a global Fortune 500 company. Deltron’s wholly owned manufacturing
subsidiary, Elasco, Inc., is working with a major consumer and
industrial products company to produce a patented LED light
transmission product. Deltron has successfully manufactured
small-scale batches of the product, and is developing equipment for
mass production.
“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.”
(DTRO.com, “Deltron Chosen as Supplier by Fortune 500 Company,
Signs General Supplier & Patent Agreement”, June, 2010)
The Fortune 500 company’s product is a patented light
transmission product using long-lasting, environmentally friendly
LED light source and an optically clear polyurethane molded light
element. The product will have broad applications including but not
limited to interior and exterior automotive lighting, decorative
illumination, task lamps and utility lighting.
Deltron’s Elasco has developed manufacturing equipment, and
successfully produced pilot run quantities of the product. Elasco
is now realizing it’s concepts for higher volume manufacturing in
anticipation of larger-scale production requirements.
Henry Larrucea, Deltron CEO, commented: “We are making
significant progress with our Fortune 500 company partner, as we
move toward their production objectives. We have designed and
fabricated the equipment, which is currently being expanded to fit
the manufacturing requirements for the product’s anticipated
commercial applications. In addition to our current development
revenue, Deltron looks to secure a manufacturing contract as a
result of these efforts.”
Deltron’s wholly owned Elasco subsidiary is a profitable
engineered plastics and polyurethane molding and manufacturing
company. Elasco continues to increase the Company’s revenue and
profitability, and recently reported revenues of $2,511,871 for the
three quarters ended June 30, 2011, an increase of 27.5% over the
same period last year. Gross profit for the period grew 114%, to
$452,598.
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
32-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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