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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 Manufacturing Announces Key Customer Win, New Product & Entry Into New Market

19/07/2010 9:00am

Business Wire


Deltron (CE) (USOTC:DTRO)
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Deltron, Inc. (OTCBB:DTRO) is pleased to announce a new customer win for its growing manufacturing division. Deltron’s wholly owned Elasco, Inc. subsidiary has been selected to provide high end polyurethane wheels to Matthews Studio Equipment, Inc., a leading global supplier of lighting and camera hardware to the entertainment industry.

Burbank, California-based Matthews Studio Equipment designs and manufactures specialized lighting and camera equipment for motion picture, television, photographic and theatrical production. The 39-year-old company has an excellent reputation as a leader in its field, supplying high quality equipment to customers in more than sixty countries.

Matthews was encountering a vibration problem with the dollies that carry film cameras across segmented tracks that could affect the picture quality. The weight of the camera, cameraperson and equipment was thought to cause Matthews’ former dolly wheels to flatten slightly between shots, creating a condition called compression set. Compression set can cause vibration when the gear starts to roll. Deltron’s Elasco was able to create a proprietary polyurethane formulation, and wheel design strong enough to prevent compression set and absorb any shocks, enabling the dolly to roll smoothly. The new high performance wheels can also withstand heat, weight, weather and other extreme film set conditions.

Henry Larrucea, Deltron CEO, commented: “Being selected as the vendor of choice by a company known in the entertainment industry for its high quality equipment is extremely gratifying. Matthews presented us with a very rigorous set of specifications and we were able to design and produce new wheels that meet their needs. At Deltron we are proud of our engineering, formulation and manufacturing capabilities and excited to have access to a new market for our products.”

Deltron’s Elasco is a polyurethane and plastics design, molding and manufacturing company that has been serving customers since 1979. As reported, between January and June of 2010 Deltron’s wholly owned subsidiary generated a 60% increase in revenue over the same period last year. Sales have increased in the first six months of the year due in large part to increases in orders from recreational products providers. With new sales to companies like Matthews, Deltron believes it is on track to continue to increase revenue this year.

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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