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Eurocontrol Appoints SICPA Representative to the Board
SICPA VP Business Development Leraille to join the board
TORONTO, ONTARIO--(Marketwired - July 20, 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, is pleased to announce that it has appointed Mr. Gilles Léraillé, Vice President, Business Development for SICPA to the Company's board of directors.
Gilles Léraillé, is the current Vice President, Business Development for SICPA's Government Security Solutions division, a position he has held since 2014, as well as member of the board and CEO of SICPA Global Fluids Integrity SA (SICPA GFI). Prior to joining SICPA, Mr. Léraillé held management positions in the banking sector with Banque PARIBAS, West LB Europa Bank as CEO and Country Manager for Turkey and Advisor to the Board of the German parent bank, the Julius Baer banking group, and more recently, as a board member of ES Bankers, Dubai. He has also a number of board member mandates in the industry including ISIKLAR Group, a company involved in the packaging industry and the German group Pichler.
Bruce Rowlands, Chairman and Chief Executive Officer, stated, "We are pleased to appoint a representative from our major shareholder SICPA Finance S.A. which holds 11,620,000 common shares of Eurocontrol, representing a 12.7% ownership interest. Having worked closely with Gilles on the sale of the Company's former subsidiary, Global Fluids International (GFI) S.A., we are looking forward to his valuable contribution to the Company as the SICPA representative on our board."
Gilles Léraillé stated, "This new step will reinforce the partnership character of the acquisition transaction made early 2016 and will help concretize the expected synergies between the two groups."
SICPA is a leading global provider of secured authentication, identification and traceability solutions and services. Founded in 1927 and headquartered in Lausanne, Switzerland, SICPA is a long-trusted advisor to governments, central banks, high-security printers, and industry. With high-technology security inks at the core of its expertise, the company protects the majority of the world's banknotes, security and value documents from the threats of counterfeiting and fraud. SICPA also integrates ink-based covert features and sophisticated traceability technologies to offer solutions and services to governments and industry, ensuring product authentication, traceability and protection as well as tax reconciliation. Operating on five continents, SICPA is a global company providing technologies and services to most nations worldwide. www.sicpa.com.
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. 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.