ILUS International Inc. (OTCMKTS:ILUS) jumped 30% last week after announcing the appointment of a sales director focusing on new innovative tech and its global distribution network expansion. The company has completed three acquisitions so far this year. In addition, it focuses on adding other acquisitions, simultaneously creating, testing, and verifying new technologies for inclusion in its stable disruptive, patented tech.
As a result, to optimize these acquisitions’ potential and ensure new tech growth, the company has appointed JazonBolze as the Sales Director. Bolze joins the company with over ten years of experience, including four as a Regional Sales Director of Detego Global.
In its weekly shareholder update, ILUS answered questions about the use of its technology in wildfire management. The company confirmed to shareholders that its tech could be a comprehensive and effective wildfire management approach. Managing Director John-Paul Backwell said that they aim to deliver a set of wildfire management tech solutions beginning from training, surveillance, response, monitoring smoke scrubbing, clean up, and extinguishing. With the development, ILUS is worth watching.
Market Reaction:
On Friday, ILUS stock decreased 6.27% at $0.1016 with more than 29.59 million shares, compared to its average volume of 17.93 million shares. The stock has moved within a range of $0.0944 – 0.1099 after opening the trade at $0.1088.
