Coretec Inc.
TSX : CYY

Coretec Inc.

November 15, 2005 13:36 ET

Coretec Inc. Mulls Licensing Proprietary RoHS IP Technology

TORONTO, ONTARIO--(CCNMatthews - Nov. 15, 2005) -

Addresses the EU requirement for detailed material declaration reporting

Coretec Inc. (TSX:CYY) announced today it is considering licensing the company's proprietary scripting technology that provides detailed material content reports in compliance with the European Union's Restriction of Hazardous Substances (RoHS) directive.

"We have invested heavily to develop the competency to provide detailed material content declarations for our customers in line with the EU's directive. As we quickly approach the July 1, 2006 EU deadline for RoHS compliance, we see an emerging opportunity to license our proprietary scripting technology within the printed circuit board (PCB) segment", commented Jeff Canavor, Executive Vice President.

"For example, we anticipate very few of the over 450 PCB operations in North America to be able to invest in developing this competency in time to meet the EU deadline, notwithstanding the fact this is a mission-critical business process each OEM will require across their complete supply chain."

"As of July 1, 2006, an OEM will have just 28 days to provide detailed material declaration information to the EU upon request. Without such scripting technology, many PCB companies will not be able to satisfy this requirement for their customers and hence, an OEM's product could be barred from access to the European market without such detailed reporting being available."

Coretec is one of the leading designers and fabricators of printed circuit boards for the prototype and quick turnaround production segments of the North American and European markets. Coretec distinguishes itself from its competitors by providing complete printed circuit board solutions, including design, advanced prototyping and quick turnaround production across an outstanding range of product technologies and approvals.

This news release may include statements about future expectations, plans and prospects that may constitute forward-looking statements.


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