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Eurocontrol's XwinSys Receives $250,000 Grant
TORONTO, ONTARIO--(Marketwired - Nov. 19, 2013) -
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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 XwinSys Ltd., announces that it has been awarded a second year grant from the Office of the Chief Scientist of Israel for its "Wafer bumps inspection and measurement system". The total grant to be received is US$250,000 and reflects approximately 50% of the total budget of over US$500,000 for the second year of research and development. XwinSys designs, manufactures and markets novel solutions based on a synergistic combination of Energy-Dispersive X-Ray Fluorescence (EDXRF) and automated 3D image processing technologies for the Semiconductor and related microelectronics industries.
XwinSys is currently at a stage of performing advanced demo applications for its prospective Semiconductor customers including several of the largest global companies. Demonstrations are performed on the XwinSys 100 beta system which was the major milestone accomplishment of the last year's development efforts.
The XwinSys solution is a new inspection approach for evolving test and metrology requirements of the industry and will first serve the semiconductor and microelectronics markets with additional verification applications currently being assessed by XwinSys.
"Eurocontrol is proud of the grant award for a second consecutive year from the Chief Scientist's Office for the development of the XwinSys unique technology," stated Bruce Rowlands, Chairman and CEO of Eurocontrol. "This grant is real proof of the necessity of the hybridization of technologies for a verified need," he added.
"During the last year of development XwinSys succeeded in launching a fully operational beta stage system demonstrating superior performance for customer's advanced requirements. The grant from the Israeli Chief Scientist, together with the comprehensive support XwinSys receives from Eurocontrol, and the excellent input and feedback XwinSys receives from prospective customers, has created a great opportunity to penetrate the market during the coming year," commented Doron Reinis, CEO of XwinSys.
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.
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