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DTRO Deltron Inc (CE)

0.000001
0.00 (0.00%)
26 Jul 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Deltron Inc (CE) USOTC:DTRO OTCMarkets Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.000001 0.00 01:00:00

Deltron Chosen as Supplier by Fortune 500 Company, Signs General Supplier & Patent Agreement

24/06/2010 9:00am

Business Wire


Deltron (CE) (USOTC:DTRO)
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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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