Eurocontrol Technics Inc.

Eurocontrol Technics Inc.

October 17, 2008 10:08 ET

Eurocontrol Launches Romanian Marking Program With Rompetrol

Rompetrol's Advanced Quality Control to Guarantee the Quality of Efix Fuels

TORONTO, ONTARIO--(Marketwire - Oct. 17, 2008) - Eurocontrol Technics Inc. (TSX VENTURE:EUO), a public Canadian energy security company specializing in the acquisition, development and commercialization of innovative authentication and verification technologies, is pleased to announce the launch of the company's Petromark™ program in Romania on behalf of Rompetrol Downstream as part of Rompetrol's Advanced Quality Control Program.

Rompetrol Downstream, Rompetrol Group's Retail Division allocated approximately $ 7 million this year, for the development and implementation of a unique system (Advanced Quality Control) to guarantee the quality of Efix fuels.

"The guarantee of Rompetrol fuels' quality, from the refinery gates all the way to the client's car tank, is a new step forward taken by the company towards meeting its clients' expectations. This is a logical step if we are to take into account the fact that in 2003 Rompetrol was the first company in Romania to sell exclusively Euro standards fuels. The new system ensures both an increase in quality safety for Rompetrol fuels and a total control over the Efix fuel distribution." says Eric Kish, Retail Vice-President Rompetrol Group.

Rompetrol's Advanced Quality Control System allows the marking of the Efix fuel on a molecular level and its full monitoring during transportation and storage.

The Petromark™ marker used in the process does not change the fuel's properties or quality, as it is a colorless substance that cannot be repelled or reproduced. In other words, it's like a "digital fingerprint", that can be verified in all distribution system gas stations, with mobile, ISO 17025 accredited, laboratories measuring the fuel's purity.

The second component of the system is the capability to monitor the entire distribution chain, by means of electronic seals and GPS systems on each fuel transportation and storage unit. As such, the Rompetrol Control Center monitors 7/24 the route of the fuel from the moment of its upload in transportation tanks until it reaches the end client, at the pumps. The system ensures a close surveillance of each transportation tank's route, validates stops on the route in gas stations that need refill, the correct connection of the tank's compartments with fuel reservoirs in gas stations. In addition, any deviation such as stops at points not marked on the route or any unauthorized intervention over transportation tanks, is signaled to the Control Center by triggering an electronic alarm.

Advanced Quality Control was developed in partnership with Global Fluids International (GFI) a wholly owned subsidiary of Canada's Eurocontrol Technics Inc. a world leader in fuels and petroleum based products molecular marking, and HiGTek, internationally well known for its know-how in electronic sealing systems.

"Having Advanced Quality Control system implemented, the company also offers the client the possibility to register in the QProTek-t program, through which Rompetrol guarantees a within-optimum-parameters functioning of the car's fuel supply system, given a constant and exclusive usage of Efix fuels, gas or gasoline," added Mr. Kish.

Rompetrol Downstream is the retail division of Rompetrol Group in Romania, with activities in 13 countries and the majority of assets and operations in France, Romania, Spain and South-Eastern Europe. Rompetrol Group is involved in refinery, marketing and trading activities, as well as additional operations - exploitation and production, oil service, EPCM, transportation etc. The Group intends to become one of the most important integrated oil companies and to strengthen its position in the Black Sea and Mediterranean Sea area.

In Romania the company operates over 400 gas stations, as it is the first network that sells, since 2003, Euro standards fuels only. Rompetrol Downstream's wholesale activity is developed through 7 warehouses (Arad, Craiova, Mogosoaia, Navodari, Simleul Silvaniei, Vatra Dornei and Zarnesti), that cover operationally speaking the entire country, due to their strategic positioning.

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 2008 and in years to come.

Cautionary Note Regarding Forward-looking Information

Except for statements of historical fact contained herein, the information in this press release constitutes "forward-looking information" within the meaning of Canadian securities law. Such forward-looking information may be identified by words such as "plans", "proposes", "estimates", "intends", "expects", "believes", "may", "will" and include without limitation, statements regarding the future operating and financial performance of the Company, the execution of this agreement and its implementation and the impact of this agreement on the performance of the Company. There can be no assurance that such statements will prove to be accurate; actual results and future events could differ materially from such statements. Factors that could cause actual results to differ materially, include, among others, competition risks, execution risks, country risks, and lack of a history of profitability. Most of these factors are outside the control of the Company. 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