Listed on the TSX Venture and OTCQB Venture Markets
Evaluating Strategic Alternatives and Investment Opportunities
Eurocontrol's Xenemetrix Awarded Frost & Sullivan Award
TORONTO, ONTARIO--(Marketwired - May 25, 2015) -
NOT FOR RELEASE IN THE UNITED STATES OR TO U.S. NEWS WIRE SERVICES.
Editors Note: There is a photo associated with this release.
Eurocontrol Technics Group Inc. (TSX VENTURE:EUO) ("Eurocontrol" or the "Company"), a Canadian public company specializing in the acquisition, development and commercialization of innovative energy security, authentication, verification and certification technologies, is pleased to announce that its wholly-owned subsidiary, Xenemetrix Ltd. ("Xenemetrix"), has been awarded Frost & Sullivan's 2015 Global Analytical X-ray Instrumentation Price Performance Value Leadership Award.
According to Frost & Sullivan, Xenemetrix is among the top Energy Dispersive X-ray fluorescence (EDXRF) companies in the world, dominating the global analytical X-ray instrumentation market with its leadership role. They indicate that Xenemetrix has developed a range of X-ray instruments that provide a smart solution for the needs of diverse industries and that Xenemetrix's systems offer superb functionality at lower prices than those of competing solutions.
The Frost & Sullivan report, available on the Company's website, highlights Xenemetrix's high-quality EDXRF mobile systems are extensively used in a wide range of industrial applications and that since its inception in 2008, Xenemetrix has consistently focused on maintaining to deliver the industry's best-in-class, user-friendly EDXRF systems, along with guaranteeing equally commendable customer service to its broad-based global customers. The report also commends Xenemetrix for its expansion of distribution channels across five major market segments including: Asia-Pacific, Europe, the United States, and Latin America and Africa. They indicate that it is Xenemetrix's ability to deliver state-of-the-art analytical solutions with specific attention to its geographically diverse customer base that has provided Xenemetrix with international exposure and a leading edge over its competition.
Doron Reinis, Chief Executive Officer of Xenemetrix stated: "Xenemetrix will continue its efforts to bring new innovative products to the market and we will soon introduce a new line of low cost high performance ED-XRF systems."
Bruce Rowlands, Chairman and Chief Executive Officer of Eurocontrol added: "We are very pleased to have won a second Frost & Sullivan Award following up on our previous win in 2010. The acknowledgement by Frost & Sullivan of our products and service is important recognition of our focus on high quality products and excellence in customer service."
About Frost & Sullivan
Frost & Sullivan, the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today's market participants.
Frost & Sullivan's "Growth Partnership" supports clients by addressing these opportunities and incorporating two key elements driving visionary innovation: The Integrated Value Proposition and The Partnership Infrastructure. The Integrated Value Proposition provides support to our clients throughout all phases of their journey to visionary innovation including: research, analysis, strategy, vision, innovation and implementation. The Partnership Infrastructure is entirely unique as it constructs the foundation upon which visionary innovation becomes possible. This includes Frost & Sullivan's 360 degree research, comprehensive industry coverage, career best practices as well as its global footprint of more than 40 offices. For more than 50 years, Frost & Sullivan has been developing growth strategies for the global 1000, emerging businesses, the public sector and the investment community.
About Eurocontrol Technics Group Inc.
Eurocontrol through its three wholly owned subsidiaries, Global Fluids International S.A. ("GFI"), Xenemetrix Ltd. ("Xenemetrix") and XwinSys Technology Development Ltd. ("XwinSys"), is a leading provider and innovator of detection and marking systems worldwide. GFI and Xenemetrix are global pioneers in developing and implementing innovative molecular marking systems for the oil industry and XwinSys is currently a development stage company. GFI's unique and proprietary liquid authentication system, Petromark™, is the world's leading solution for fully integrated oil marking, mixing and detection. Xenemetrix is a leading designer, manufacturer and marketer of energy-dispersive x-ray fluorescence ("EDXRF") systems, a technology that is the most accurate and economic method for determining the chemical composition of many types of materials, including the analysis of petroleum oils and fuel. XwinSys is developing technology and intellectual property that will combine 2D and 3D image processing technology from Brossh Inspection Systems Ltd. of Israel with Xenemetrix's EDXRF technology for application in the semi-conductor manufacturing process.
For further information on Eurocontrol, please visit the Company's website at www.eurocontrol.ca.
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.