Eurocontrol Technics Group Inc. is a Canadian public company listed on the Toronto Venture Exchange and the OTCQB trading under the symbols EUO and EUCTF, respectively. Eurocontrol specializes in the acquisition, development and commercialization of innovative security, authentication, verification and certification technologies.
Year to date investment of $2.5 million in R&D
TORONTO, ONTARIO--(Marketwired - Nov. 25, 2016) - Eurocontrol Technics Group Inc. (TSX VENTURE:EUO)(OTCQB:EUCTF) ("Eurocontrol" or the "Company"), a Canadian public company specializing in the acquisition, development and commercialization of innovative test and measurement technologies for the authentication, verification and certification markets, announces that it has filed its interim financial statements and Management's Discussion and Analysis ("MD&A") for the third quarter ended September 30, 2016.
The third quarter results reflect a 9% increase in fiscal year revenue, excluding discontinued operations, to $947,484 compared to $868,799 for the nine month period ended September 30, 2016. The Company recognized EBITDA of $14,335,515 ($702,562 as at September 30, 2015) and a gain on the sale of its former subsidiary of $16,484,172 ($Nil in 2015) resulting in net income of $12,542,059 for the nine months ending September 30, 2016 (net income of $223,749 in...
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Investment of $1.6 million in R&D
Xenemetrix is a leading designer, manufacturer, and marketer of energy-dispersive x-ray fluorescence (ED-XRF) systems and components and holds a number of certifications. Xenemetrix is dedicated to designing, manufacturing and supporting ED-XRF bench top spectrometers / analyzers as well as laboratory and mobile elemental analysis instrumentation. Located in Israel and with over 30 years experience, Xenemetrix is the recipient of the Frost & Sullivan Best Practices Award in 2015 and 2010 for Global Analytical X-Ray Instrumentation Price Performance Value Leadership and Global ED-XRF Analyzers Product Line Strategy of the Year, respectively.
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