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Eurocontrol Announces SICPA Investment
TORONTO, ONTARIO--(Marketwired - May 5, 2016) - Eurocontrol Technics Group Inc. (TSX VENTURE:EUO) ("Eurocontrol" or the "Company"), a Canadian public company specializing in the acquisition, development and commercialization of innovative authentication, verification and certification technologies, announces that SICPA Finance S.A., a private company located in Switzerland ("SICPA") which purchased the Company's former subsidiary, Global Fluids International (GFI) S.A. earlier this year, has filed on SEDAR a Form 62-103 and issued a related press release dated May 4th disclosing that it had purchased 100,000 common shares increasing its holdings in Eurocontrol to 9,276,500 common shares, representing ownership of 10.09%. SICPA's press release regarding the purchase of 100,000 common shares that increased their shareholders beyond 10% indicated that the purchases were made for investment purposes and they may make additional purchases or sales of the Company's shares as circumstances warrant.
Bruce Rowlands, Chief Executive Officer stated, "We welcome SICPA as a significant shareholder. Given the partnership relationship through our subsidiary Xenemetrix that has an exclusive supply agreement with SICPA/GFI supporting their Petromark™ technology, we view this investment in Eurocontrol as confidence on our business model and outlook."
About Eurocontrol Technics Group Inc.
Eurocontrol is a TSX Venture listed company that specializes in the acquisition, development and commercialization of innovative authentication, verification and certification technologies. Eurocontrol has two wholly owned subsidiaries, Xenemetrix Ltd. and XwinSys Technology Development Ltd. ("XwinSys"). Xenemetrix is a leading designer, manufacturer and marketer of ED-XRF 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. Xenemetrix has an exclusive long-term supply, maintenance and support agreement with SICPA/GFI to supply SICPA/GFI with Xenemetrix products and services related to the oil and gas marking and monitoring field. XwinSys is in the final stage of developing a fully automated metrology system for the semiconductor industry that combines 2D and 3D image processing technology with Xenemetrix's ED-XRF technology.
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. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.