The lighting group’s American subsidiary, Fusion X Marine, starts production of its first mini speedboat to compete with the jet ski industry
EUCLID, Ohio, March 15, 2022 /PRNewswire/ — US Lighting Group, Inc. (OTC: USLG), today announced that its wholly-owned subsidiary, Fusion X Marine, LLC, has begun manufacturing its 15-foot mini outboard. The company’s initial business plan is to provide a top-notch powerboat to rental locations both domestically and abroad. The smaller powerboat design appeals to jet ski enthusiasts as well as first-time boat owners.
Fusion X Marine joins its sister companies, Cortes Campers LLC and Futuro Houses, LLC, to introduce 100% molded fiberglass products to rapidly growing markets where product quality matters.
“We are excited to be in production with our 15ft mini outboard,” said Anthony Corpus, CEO and President of the American Lighting Group. “The 15ft Fusion X Marine has many advantages over jet skis, including a longer boating season, and can be used in all waters, including lakes and oceans. The 15ft boat can have up to 50 HP outboard motor and is US Coast Guard approved for safe loading. »
Mr. Corpora continued, “Fusion X Marine is part of our strategic diversification plan to sell into growing recreational markets. This should have a positive effect on the company’s results and benefit our shareholders. Our expertise in fiberglass, carbon fiber composites and marine gelcoats for boat building, allows us to create an exciting 15ft mini outboard for the boating industry. Marketing to jet ski and boat rental sites here in the United States and in overseas resort destinations like the Mediterranean and Caribbean will give us the opportunity to expand into areas with huge growth potential.”
According to Market Research, the recreational boating market has exceeded $35 billion in 2020, and should reach $60 billion in 2027, with an expected growth of more than 6.5% CAGR. Increase in consumer spending on recreational activities due to increased disposable income in Europe and North America is driving the growth of the industry.
About US Lighting Group, Inc.
US Lighting Group, Inc. (OTC:USLG) has three subsidiaries, Cortes Campers, LLC, a revolutionary manufacturer of state-of-the-art fiberglass molded campers and motorhomes, Fusion X Marine, LLC, a manufacturer boat houses, and Futuro Houses, LLC, a manufacturer of fiberglass houses. The Company and its subsidiaries have manufacturing and R&D facilities in Cleveland, Ohio.
For more information: uslightinggroup.com
About Fusion X Marine, LLC
Fusion X Marine, LLC, is an expert in designing powerboats for the recreational boating industry using the highest quality marine materials to create lighter, stronger and more durable mini outboards.
For more information: fusionxmarine.com
Certain statements in this press release, including but not limited to reference to orders, sales targets, design effects and industry growth, may contain forward-looking information within the meaning of the rule 175 of the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934, and are subject to the safe harbor created by those rules. Statements included in this press release, other than statements of historical fact, are forward-looking statements. Forward-looking statements are generally, but not always, identified by the words: believe, expect, anticipate, intend, estimate and expressions that are similar or which by their nature refer to future events. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, it cannot guarantee that these expectations will prove to be correct. Actual results may differ materially from those indicated by these statements.
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SOURCE American Lighting Group