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
Xenemetrix Expanding Marketing Network in Europe
TORONTO, ONTARIO--(Marketwire - March 24, 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 a non-exclusive distribution agreement with Opton Laser International of France. Opton Laser International offers instrumentation products for analysis, measurement, modulation, technologies for detection, visualization, optics and opto-mechanics. Opton Laser International are specialists in lasers and optical products for the scientific, industrial and telecommunication markets. Xenemetrix designs, manufactures and markets Energy-Dispersive X-ray Fluorescence (EDXRF) systems and components for a wide range of industries and applications.
"Xenemetrix is expanding its marketing and sales chain and continuing an aggressive penetration strategy in the European market," commented Bruce Rowlands, President and CEO of Eurocontrol Technics. "We are delighted to have the support of Opton Laser International who are leaders in the European marketplace. Opton anticipates good demand for the advanced Energy Dispersive X-ray Fluorescence (EDXRF) spectroscopy technologies produced by Xenemetrix."
Opton Lasers International will promote and distribute Xenemetrix's products in: France, Belgium and Switzerland.
"We are proud to add Xenemetrix's product line to our wide range of products offered to our well established and wide customer base" stated Dr. Subran, President of Opton Laser International. "Both companies will benefit from Xenemetrix's new S-Mobile system's accuracy and mobility as well as the other products recently released to the market by Xenemetrix."
Xenemetrix will continue the effort to nominate new, well established, distributers in Europe and other parts of the world.
Eurocontrol Technics is pleased to announce the appointment of Ms. Sabina Srubiski as Investor Relations Manager. Ms. Srubiski has six years experience in public relations and for the last two and half years has worked in investor relations for a mining exploration and development company. In connection with the appointment, Ms. Srubiski has been awarded a consulting contract for $1,000 per month and has been granted 50,000 stock options at a price of $0.175. The options shall vest quarterly over a one year period with the first installment vesting on the date of grant, subject to the regulatory four month hold period. The options shall remain subject to regulatory approval, including the approval of the TSX Venture Exchange and shall expire five years from the date of grant subject to the termination provisions of Eurocontrol Technic's Stock Option Plan.
About Eurocontrol Technics Inc.
Eurocontrol Technics Inc. is a Canadian public company specializing in the acquisition, development and commercialization of innovative authentication, verification and energy security technologies. Through its two wholly owned subsidiaries Global Fluids International S.A. ("GFI") and Xenemetrix Inc., Eurocontrol Technics 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 4-part solution consisting of a molecular marker, injection, monitoring and control components. Such oil industry cost realities along with GFI's 5-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 with a wholly-owned subsidiary in Texas, USA 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 Opton Laser International
Opton Laser International are specialists in lasers and optical products for the scientific, industrial and telecommunication markets. Opton Laser International's major offerings include instrumentation products for analysis, measurement, modulation, items for detection, visualization, optics and opto-mechanics, crystals and protective eyewear. Opton Laser International is specialized in promoting and introducing new technologies and high technology products into the marketplace. www.optonlaser.com.
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 Technics, Xenemetrix and Opton Laser International and their projects, statements regarding technological prospects and the capabilities of new systems, the outcome and results of new systems, costs of and capital for projects, expenditures, timing of future technological developments, requirements for additional capital, government regulation of industrial operations, environmental risks, title disputes or claims, limitations of insurance coverage and the timing and possible outcome of pending litigation 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 each of these entities 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 Technics 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 Technics does not undertake to update any forward-looking information, except in accordance with applicable securities laws.
NEITHER 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