Welcome to our dedicated page for US LIGHTING GROUP news (Ticker: USLG), a resource for investors and traders seeking the latest updates and insights on US LIGHTING GROUP stock.
US Lighting Group, a subdivision of the prominent LED gauge display manufacturer Intellitronix, is the company responsible for producing the longest-lasting LED bulb on the market. With top-tier energy efficiency and a lifespan exceeding two decades, their expert engineering and unique design have set them apart. All products are proudly manufactured in the USA and distributed domestically and internationally. US Lighting Group not only engineers and manufactures long-lasting LED bulbs but also provides unique distributorship opportunities. Rather than traditional franchises, USLG offers businesses and individuals the chance to own a distributorship, combining the benefits of franchising with the freedom of business ownership.
US Lighting Group subsidiary, Futuro Houses, has obtained tooling necessary for manufacturing its UFO-inspired houses. This innovative off-grid living space includes two bedrooms, a kitchen, and energy systems, promoting self-sufficiency. CEO Anthony Corpora highlights the growing demand for off-grid options and the popularity of these retro designs. Futuro Houses aims to establish a global distribution network, with plans to display the first unit later this year. The original Futuro House, designed in the 1960s, remains highly sought after in rental markets.
Cortes Campers, a subsidiary of US Lighting Group (OTC:USLG), has successfully delivered its first shipment of 17-foot towable travel trailers to Beartooth Ford in Montana, a key RV destination. This accomplishment follows improvements in their manufacturing process, increasing efficiency and staffing to meet rising dealer demand. The trailers, made of durable and corrosion-resistant materials, are gaining popularity for their design. CEO Anthony Corpora highlighted the significant consumer interest as they continue developing new features.
US Lighting Group (OTC:USLG) reported its fiscal 2022 first-quarter results, showcasing a significant revenue increase with net sales of approximately $76,000, up from $2,000 a year prior. Despite a net loss from continuing operations of $376,000 compared to $295,000, the company reported a growing backlog, which rose to $5.1 million as of June 30, 2022. With a net income of $3 million for fiscal year 2021, primarily from the sale of its Intellitronix subsidiary, USLG is optimistic about increased deliveries of Cortes Campers in the latter half of 2022.
US Lighting Group (OTC: USLG) reported an initial purchase order of $385,000 from a new exclusive dealer in Michigan for its subsidiary, Cortes Campers, LLC. The campers are anticipated for delivery in the second half of 2022. CEO Anthony Corpora expressed enthusiasm for expanding the dealer network, targeting nearly every state by summer's end. Cortes Campers aims to meet a production goal of 20 campers per week by Q4 2022, driven by rising demand among RV enthusiasts. The company's campers, made from marine-grade materials, promise durability and lightweight benefits.
US Lighting Group, Inc. (OTC: USLG) announced an initial purchase order worth $385,000 from its new exclusive dealer, B&B RV, located in Denver, Colorado. The order involves Cortes Campers' travel trailers, which are expected to be delivered in the second half of 2022. CEO Anthony Corpora highlighted the increasing demand for their products, particularly in the western U.S., noting improvements to their production processes to meet anticipated growth. B&B RV aims to provide unique, off-road campers, contributing to the burgeoning outdoor recreation market.
US Lighting Group, Inc. (OTC: USLG) announced a $1.5 million purchase order from Outback RV, a new dealer in Denton, Texas, for Cortes Campers. Deliveries are set to begin in the second half of 2022. The company's Cortes Campers division has secured $6.8 million in orders since December 2021, indicating strong demand. New tooling has been developed to lower labor costs and aims to increase production to 20 campers per week by Q4 2022. This expansion into the Texas market reflects the company's growth strategy and positive market interest.
Cortes Campers, a subsidiary of US Lighting Group (OTC:USLG), has granted exclusive dealership rights to Sanford Auto Brokers for their RV travel trailers in North Carolina. The announcement was made on March 29, 2022, following Sanford's delivery of their first Cortes Camper on March 24. CEO Anthony Corpora highlighted the growing interest in their 17-ft travel trailers, featuring advanced engineering with high-performance materials for a durable and lightweight design. This exclusivity aims to strengthen sales and customer relations within a booming RV sector.
US Lighting Group, Inc. (OTC:USLG) announced that its subsidiary, Cortes Campers, received a purchase order worth $2.89 million from Pik-A-Dilly RV Centre, its exclusive Canadian distributor. The order aligns with the rising demand in the RV market, which saw a 39.5% increase in shipments in 2021. Cortes Campers offers eco-friendly molded fiberglass campers designed for all weather conditions. The partnership may boost Cortes Campers' visibility and sales in the Canadian market.
US Lighting Group, Inc. (OTC:USLG) announced that its subsidiary, Fusion X Marine, has commenced production of a 15-ft mini speedboat aimed at the recreational boating market. This new product targets both Jet Ski enthusiasts and first-time boat owners. The speedboat is designed for versatility, allowing usage in lakes and oceans, and is U.S. Coast Guard approved. The recreational boating market, valued at over $35 billion in 2020, is projected to reach $60 billion by 2027 with a CAGR of over 6.5%. This launch is part of US Lighting's strategic plan to diversify and enhance shareholder value.
Cortes Campers, a subsidiary of US Lighting Group (OTC:USLG), has received a $385,000 purchase order from Beartooth Ford, expanding its reach into Wyoming. This move marks the establishment of a new RV dealership following previous success in Montana. CEO Anthony Corpora stated the company is witnessing a growing interest in fiberglass RVs, emphasizing their durability and lightweight design. Cortes Campers focuses on high-quality products, aiming to meet increased demand for recreational vehicles, particularly due to the pandemic's impact on travel preferences.
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