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, Inc. (OTC:USLG) has announced the creation of Futuro Houses, LLC, a wholly owned subsidiary aimed at addressing the rising demand for affordable housing. Futuro Houses will deliver energy-efficient and self-sufficient housing solutions using innovative fiberglass composites. The company emphasizes market diversification as a strategic goal for growth. Key advancements include redesigned structures for easier shipping and improved energy efficiency. The collaboration with Cortes Campers allows for cost-effective production and volume advantages.
On February 22, 2022, US Lighting Group (OTC:USLG) announced the shipment of its first Cortes Camper travel trailer to RV Center Idaho, marking a significant milestone for its subsidiary, Cortes Campers LLC. This shipment follows a year of research and development and production ramp-up. CEO Anthony Corpora stated they aim to ramp up deliveries, targeting 20 campers per week by Q4 2022. The RV industry is on an upswing, with 600,240 wholesale shipments in 2021, a 39.5% increase from 2020, showcasing strong market demand for new models like Cortes Campers.
Cortes Campers, a division of US Lighting Group (OTC:USLG), announced purchase orders totaling $1,155,000 from new distributors in Oregon and Florida. The orders were placed by Kamper Korner RV and Gerzeny's R.V. World to market the company's 17-ft molded fiberglass RV travel trailer. CEO Anthony Corpora emphasized the growing demand for high-quality recreational vehicles in these regions. Cortes Campers aims to deliver a superior RV product that combines luxury with a compact design.
US Lighting Group (OTC:USLG) and its division Cortes Campers have signed an exclusive international distributor agreement with Pik-A-Dilly RV Centre in Manitoba, Canada. This marks the company's first international expansion, aligning with their goal to increase their global footprint. The Canadian RV market is experiencing heightened demand, positioning USLG favorably as a premier RV manufacturer. The company specializes in crafting innovative recreational vehicles with marine-grade materials for enhanced durability and performance.
US Lighting Group, Inc. (OTC:USLG) announced its financial results for Q3 2021, revealing significant growth. For the nine months ended September 30, 2021, net sales reached $23,000, up from $2,000 in 2020, while net profit surged to $3.1 million, compared to a loss of $440,000 last year. The results included a one-time gain of $3.915 million from asset sales. Q3 net sales were $21,000 with a slight loss of $149,000. The company's strategic asset sale has paved the way for new ventures, including the launch of Cortes Campers and Fusion X Marine.
U.S. Lighting Group, Inc. (OTC:USLG) announced that its subsidiary, Cortes Campers, LLC, has signed multiple distribution agreements across key regions in the U.S., including New Hampshire, West Virginia, North Carolina, and Montana. Cortes Campers specializes in manufacturing innovative RVs using high-quality marine materials, resulting in lighter, stronger, and more durable travel trailers. CEO Anthony Corpora expressed confidence in these partnerships, highlighting the dealers' established customer bases and their alignment with Cortes Campers' premium product offerings.
U.S. Lighting Group, Inc. (OTC:USLG) reported a quarterly net income of $3.453 million for the three months ending June 30, 2021, boosted by a one-time gain of $3.915 million from selling assets of its subsidiary, Intellitronix Corporation. However, the company recorded a net loss of $161,000 from continuing operations during the same period, with earnings per share at $.04. The company operates divisions like Cortes Campers and Fusion X Marine, focusing on innovative recreational vehicles and boats.
Cortes Campers has begun manufacturing its new 17-ft RV travel trailer at its Cleveland facility. Customers can place orders directly with Cortes Campers or its authorized dealers, with a $2,500 deposit required. The trailers, utilizing advanced molded aluminized fiberglass, are designed for improved durability and longevity. Deliveries are expected within 6-8 weeks. CEO Paul Spivak highlighted features like high-end appliances and customizable designs, aiming to establish a robust dealer network to support direct sales.
US Lighting Group (OTC:USLG) announced the formation of a new division, RVtronix, intended to design and manufacture RV electronics and fiberglass products. This move follows the sale of its Intellitronix unit. The company aims to leverage its expertise to penetrate the growing RV market, estimated at USD 77 billion by 2026, with a projected CAGR of 6% from 2020 to 2027. Upcoming products include an AC/DC power center with energy management capabilities. CEO Paul Spivak asserts that this expansion will enhance shareholder value and market reach.
US Lighting Group (OTC:USLG) has partnered with Evergreen Cooperatives to transition its subsidiary Intellitronix Corp. into an employee-owned model. This move aims to enhance the subsidiary's operations in the automotive aftermarket sector. The Fund for Employee Ownership acquired certain assets of Intellitronix, facilitating additional capital for US Lighting Group's subsidiaries, including Cortes Campers and Fusion X Marine. CEO Paul Spivak stated this transition aids in growth and prepares the company for a potential NASDAQ uplisting.
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