Eurocontrol Technics Inc.

Eurocontrol Technics Inc.

April 24, 2007 07:30 ET

Eurocontrol Granted Patent for Russia

TORONTO, ONTARIO--(CCNMatthews - April 24, 2007) - Eurocontrol Technics Inc. (TSX VENTURE:EUO), a Canadian public company specializing in the acquisition, development and commercialization of innovative authentication and verification technologies, through its wholly owned subsidiary Global Fluids International S.A. (GFI), today announced the Company has been granted a patent by the Russia Patent Office entitled "Method and System for Marking and Determining the Authenticity of Liquid Hydrocarbons." The process patent protects GFI's Petromark™ fuel marking technology.

"We are pleased to have been granted this important patent in Russia," stated Bruce Rowlands, President and CEO of Eurocontrol Technics. "The Russian market represents a significant and strategic growth opportunity for our Company using GFI's proprietary Petromark™ fuel marking technology in various anticipated applications," added Mr. Rowlands.

Eurocontrol's innovative Petromark™ solution addresses two major problems in the oil industry - combating the trade in illicit fuels and providing brand protection for large oil companies. As the price of oil has increased substantially, such problems have become a higher priority for government and corporate officials to address.

About Eurocontrol Technics Inc.

Eurocontrol Technics Inc. through its wholly owned subsidiary Global Fluids International S.A. ("GFI") 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 fiscal 2007 and in years to come.

Forward-Looking Information

Certain statements contained in this news release may contain forward looking information within the meaning of Canadian securities laws. Such forward looking information are identified by words such as "intends", "expects", "believes", "may", "will" and included, without limitation, statements regarding the company's plan of business operations, prospects arising in connection with the patent grant, government policy regarding patents and patent enforcement, anticipated revenues, and projected expenditures. There can be no assurance that such statements will prove to be accurate; actual results and future events could differ materially from such statements. Investors are cautioned not to put undue reliance on forward-looking information. Except as otherwise required by applicable securities statutes or regulation, the company expressly disclaims any intent or obligation to update publicly forward-looking information, whether as a result of new information, future events or otherwise.


Contact Information

  • Eurocontrol Technics Inc.
    W. Bruce Rowlands
    President and Chief Executive Officer
    (416) 861-5883