Test and Measurement Innovators Focused on Key Growth Markets
Xenemetrix, winner of the Frost & Sullivan awards - 2010 and 2015
Strong Balance Sheet and Partners
Innovators in Taking the Laboratory to the Field
Eurocontrol Announces Board Changes
TORONTO, ONTARIO--(Marketwire - June 27, 2012) - Eurocontrol Technics Group Inc. (TSX VENTURE:EUO) ("Eurocontrol" or the "Company"), announces that following its annual and special meeting of shareholders, Bruce Rowlands, General (Retired) Sir Michael Rose, and Gadi Gonen will continue as directors of the Company.
Mr. Rowlands has been appointed as Chairman of the Board of Directors. The Company wishes to thank the departing Chairman, Hon. Pierre Pettigrew, and departing directors Major General (Retired) Lewis MacKenzie and Stan Bharti, for their contribution to the growth of the Company during their tenure as directors. The Company is seeking to recruit and elect suitable new director candidates in the coming months.
Eurocontrol also announces that it has left the Forbes & Manhattan Group of Companies and has relocated its offices to the address above.
About Eurocontrol Technics Group Inc.
Eurocontrol Technics Group Inc. has three wholly owned subsidiaries GFI, Xenemetrix and XwinSys Ltd. GFI and Xenemetrix are global pioneers in developing and implementing innovative molecular marking systems for the oil industry. Through its proprietary Petromark™ integral system, GFI has developed a four-part solution consisting of a molecular marker, injection, monitoring and control components. Such oil industry cost realities along with GFI's five-year R&D efforts to create its industry-leading marking solutions, along with access to capital provided by Eurocontrol Technics Group Inc. allows management to pursue numerous anticipated oil marking opportunities in 2011 and in years to come. XwinSys Ltd. is currently developing intellectual property that will combine 2D and 3D image processing technology, from Brossh Inspection Systems Ltd. of Israel, with Eurocontrol's subsidiary Xenemetrix Ltd's Energy-Dispersive X-ray Fluorescence ("EDXRF") technology.
Cautionary Note Regarding Forward-Looking Information: This press release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, statements with respect to the future financial or operating performance of each of Eurocontrol, its projects and partnerships, and regulatory matters. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Eurocontrol to be materially different from those expressed or implied by such forward-looking information. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. Eurocontrol does not undertake to update any forward-looking information, except in accordance with applicable securities laws.
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