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Eurocontrol Receives Seventh Process Patent
TORONTO, ONTARIO--(Marketwired - July 6, 2015) -
NOT FOR RELEASE IN THE UNITED STATES OR TO U.S. NEWS WIRE SERVICES.
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, through its wholly-owned subsidiary, Global Fluids International S.A.
("GFI"), is pleased to announce that it has received notification from the European Patent Office that it has been granted patent 1392146 for its patent application made in June 2002 covering a method and system for marking and determining the authenticity of hydrocarbons. The Company expects final granting of the patent on July 22, 2015.
The process patent protects GFI's Petromark™ fuel marking technology. This is the seventh process patent Eurocontrol has been granted. The Company also holds process patents for Petromark™ in Canada, China, India, Israel, Russia and the United States. Additional process patent applications have been submitted in other countries.
Bruce Rowlands, Chairman and CEO stated, "The acceptance of this patent application by the European Patent Office marks a further milestone for Eurocontrol." Eurocontrol's innovative Petromark™ marking solution addresses two major problems in the oil industry - combating the trade in illicit fuels and providing brand protection. Petromark™ oil marking technology is helping to generate additional tax revenue in a number of countries."
About Eurocontrol Technics Group Inc.
Eurocontrol through its three wholly owned subsidiaries, Global Fluids International S.A. ("GFI"), Xenemetrix Ltd. ("Xenemetrix") and XwinSys 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 ("ED-XRF") 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 ED-XRF technology for application in the semi-conductor manufacturing process.
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