Intellitronix Receives Contract to Enter Medical Equipment Field
February 13, 2018 --
EASTLAKE, Ohio, Feb. 13, 2018 (GLOBE NEWSWIRE) -- Intellitronix today announces that it has entered into an exclusive design and manufacturing agreement with Timesaver Technologies LLC enabling the company to expand its electronic expertise into the medical device marketplace.
At this time no details of the contract are available for publication because of Confidentiality Agreements, however, the parties believe that the new device may be considered a medical “milestone.” For Intellitronix, the opportunity to apply its expertise to the medical device market represents a significant potential opportunity to expand our revenues.
Intellitronix is a wholly-owned subsidiary of US Lighting Group (OTC:USLG). “We are very pleased to have entered into this agreement with Timesaver Technologies,” said Intellitronix CEO, Paul Spivak. “The Company already serves the consumer market with its energy-saving LED lighting as well as the automotive and marine aftermarket through vendors such as Wal-Mart and Kawasaki. Now, Intellitronix is expanding its market by entering the medical equipment field.”
Intellitronix is a manufacturer of LED lighting, LED gauges and instrumentation, which are energy-saving devices of high-quality automotive after-market products that are also available to consumers through vendors such as Home Depot. The Company also manufactures an array of LED energy-saving light bulbs. All of the Company’s products are 'Made in the USA' at its own manufacturing facility located near Cleveland, Ohio.
Forward-Looking Statements Statements included in this press release, other than statements of historical fact, are forward-looking statements made in reliance upon the safe harbor provisions of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements are typically, but not always, identified by the words: believe, expect, anticipate, intend, estimate, and similar expressions or which by their nature refer to future events. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove to have been correct. Actual results may differ materially from those indicated by these statements.
For further information, contact Intellitronix: (440) 359-7200, or [email protected]