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Eurocontrol Announces New Business Collaboration with Tel Aviv University
TORONTO, ONTARIO--(Marketwired - Oct. 31, 2014) -
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 for numerous vertical markets, is pleased to announce that it has entered into a Term Sheet agreement with Ramot at Tel Aviv University for the rights to a new patented technology focused on Nano imprinting security and authentication.
This new US-patented Nano technology was developed by Professor Jacob (Koby) Scheuer, from the School of Electrical Engineering, Tel Aviv University and focuses on Nano imprinting's unique capability for creating Nano tags for products by regular and 3D printing. This new Nano Imprinting Lithography (NIL) technology, based on a polymeric replication method combines the unprecedented resolution of state-of-the-art lithography methods with the inexpensive mass production capabilities of Nano-imprinting, to yield a highly secure yet low-cost authentication tagging solution.
"This Nano imprinting solution might override all existing tagging technologies due to its cost, accuracy and flexibility. We intend to invest in 3D printing of our tags embedded within printed products," stated Bruce Rowlands, Chairman and CEO. "This is the second business collaboration agreement Eurocontrol has signed with Ramot at Tel Aviv University this year. In September 2014, we signed a sponsored research and license agreement with Ramot for a promising new approach to fuel authentication, focusing on the University's mandate to liaise with industry to bring promising scientific discoveries to commercialization."
Shlomo Nimrodi, CEO of Ramot commented, "Ramot's objective is to bridge the gap between academics promising innovations and the ever growing need of industry for new innovations. This agreement, the second in less than six months, is a true example of how successful such collaborations can be for both sides. The technology we are discussing today is also focused on pharmaceutical and automotive industry applications where authentication is of great importance. We trust that in the capable hands of Eurocontrol such promising innovation will get to market within a reasonable time."
About Ramot at Tel Aviv University
Ramot is the technology transfer company of Tel Aviv University. Ramot fosters, initiates, leads and manages the transfer of new technologies from university laboratories to the marketplace by performing all activities relating to the protection and commercialization of inventions and discoveries made by faculty, students and other researchers. Ramot provides a dynamic interface connecting industry to leading-edge science and innovation, offering new business opportunities in a broad range of emerging markets. Click on the following link to view an interview of Shlomo Nimrodi, CEO of Ramot by Bloomberg TV - http://www.youtube.com/watch?v=z2o2wOC6P6I. For more information on Ramot, visit www.ramot.org.
About Eurocontrol Technics Group Inc.
Eurocontrol through its three wholly owned subsidiaries, Global Fluids International S.A. ("GFI"), Xenemetrix Inc. ("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 ("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.
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.
This press release contains forward-looking statements. More particularly, this press release contains statements. Forward-looking statements are frequently characterized by words such as "plan", "expect", "project", "intend", "believe", anticipate", "estimate", "may", "will", "would", "potential", "proposed" and other similar words, or statements that certain events or conditions "may" or "will" occur. The forward-looking statements are based on certain key expectations and assumptions made by Eurocontrol. Although Eurocontrol believes that the expectations and assumptions on which the forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements because Eurocontrol can give no assurance that they will prove to be correct. Since forward-looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of factors and risks. In addition to other risks that may affect the forward-looking statements in this press release are those set out in Eurocontrol's management discussion and analysis of the financial condition and results of operations for the year ended December 31, 2013 and the second quarter ended June 30, 2014 which are available on the Corporation's profile at www.sedar.com. The forward-looking statements contained in this press release are made as of the date hereof and Eurocontrol undertakes no obligation to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws.