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Xenemetrix Increases European Presence With Spanish Partner
TORONTO, ONTARIO--(Marketwire - June 15, 2011) -
NOT FOR RELEASE IN THE UNITED STATES OR TO U.S. NEWS WIRE SERVICES.
Eurocontrol Technics Inc. (TSX VENTURE:EUO), a Canadian public company specializing in the acquisition, development and commercialization of innovative authentication, verification and energy security technologies, through its wholly owned subsidiary, Xenemetrix Inc.
, today announced it has signed an exclusive distribution agreement with Veretex Technics ("Veretex") of Spain. Veretex markets, distributes and installs equipment for laboratory research and is the second largest scientific equipment sales organization in Spain. Pursuant to this agreement, Veretex has been granted exclusive rights to promote and distribute Xenemetrix's products in Spain.
"Xenemetrix is pleased to add Spain to its expanding European network. Our Energy-Dispersive X-ray Fluorescence ("EDXRF") technology is currently being marketed and distributed in France, Belgium and Switzerland through Opton Lasers," said Bruce Rowlands, President and CEO of Eurocontrol Technics (see March 30, 2011 press release). "We believe that a demand for our technology exists in the region," he added.
"The global demand for our EDXRF analyzers continues to increase as it becomes evident that this product can be used for elemental analysis for wide range of materials with great accuracy and low limits of detection," said Doron Reinis, CEO of Xenemetrix.
"Being able to offer our customers Xenemetrix EXDRF analyzers gives Veretex an advantage over our competitors," said Mr. Vincenc Garcia Guasch, President and CEO of Veretex. "We believe that these EXDRF analyzers are a superior product and look forward to introducing it to our customers."
Xenemetrix will continue to source marketing and distribution partnerships with new and well established distributors in other parts of the world.
About Eurocontrol Technics Inc.
Eurocontrol Technics Inc., through its two wholly-owned subsidiaries, Global Fluids International S.A. ("GFI") and Xenemetrix Inc., is one of the world's 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 Inc. allows management to pursue numerous anticipated oil marking opportunities in 2011 and in years to come. www.eurocontrol.ca.
About Xenemetrix Inc.
Xenemetrix Inc. is based in Israel and is a leading designer, manufacturer and marketer of Energy-Dispersive X-ray Fluorescence (EDXRF) systems and components for a wide range of industries and applications. Relying on more than 30 years experience in the field, Xenemetrix provides quality and cost effective answers to real world analytical challenges by combining the latest technological developments with innovative engineering. Xenemetrix has an installed base of approximately 800 systems worldwide of which 250 are installed in the USA. Eurocontrol purchased Xenemetrix in October 2010 with the aim to leverage the in-house technology portfolio to revamp the product line to include systems dedicated to anti-counterfeiting and home-land security. Xenemetrix was awarded Frost & Sullivan's "GLOBAL PRODUCT LINE STRATEGY OF THE YEAR AWARD IN THE EDXRF ANALYZERS MARKET" for the year 2010. Please visit Xenemetrix's web site at: www.xenemetrix.com.
About Veretex Technics
VERTEX Technics is a company dedicated to the marketing, distribution, installation and technical assistance products and equipment for laboratory research, production, hygiene, sound, and the Environment. It was founded in 1993, with the objective of achieving excellence in marketing and after-sales maintenance of its products, and as well to achieving customer satisfaction. Veretex fosters a culture based on ethics, experience and as well as providing a working environment that motivates and generates professionalism.
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 effect of the agreement on the operational and financial performance of each Eurocontrol and Xenemetrix, the future financial or operating performance of each of Eurocontrol, its projects and partnerships, expected synergies resulting from the partnership, and regulatory matters. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". 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 and Xenemetrix to be materially different from those expressed or implied by such forward- looking information, including but not limited to: general business, economic, competitive, political and social uncertainties; timing and availability of external financing on acceptable terms; conclusions of economic evaluations; changes in project parameters as plans continue to be refined; failure of plant, equipment or processes to operate as anticipated; accidents, labour disputes and other risks of the industrial industry; and, delays in obtaining governmental approvals or in the completion of activities. Although Eurocontrol 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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