Eurocontrol Technics Inc.
TSX VENTURE : EUO

Eurocontrol Technics Inc.

December 06, 2010 08:28 ET

Eurocontrol Technics Inc.: Xenemetrix Launches Advanced Detection System

Frost & Sullivan Award Winner to Launch New Detection System at Pittcon 2011

TORONTO, ONTARIO--(Marketwire - Dec. 6, 2010) -

NOT FOR RELEASE IN THE UNITED STATES OR TO U.S. NEWS WIRE SERVICES

Eurocontrol Technics Inc. (TSX VENTURE:EUO), a Canadian public company specializing in the acquisition, development and commercialization of innovative authentication, verification and energy security technologies, through its wholly owned subsidiary Xenemetrix Inc., today announced that it will launch a new Laboratory Elemental Analysis System at Pittcon 2011. Pittcon is the world's premier annual conference and exposition on laboratory sciences to be held in Atlanta, Georgia in March 2011.

This new X-Ray Florescent (XRF) detector, based on the existing Xenemetrix EX-6600 platform, with the addition of new and enhanced Silicon Drift Detector (SDD) technology, with thin window capability is a significant technical advancement eliminating the need for liquid nitrogen (LN) cooling systems and providing for increased accuracy. The new system name is X- 7600 SDD Light.

This new X-7600 SDD Light detector will enable elemental analysis of light elements in a wider application spectrum and with increased accuracy. In XRF applications, certain light elements such as Fluorine, Neon and Sodium are very difficult to measure without a thin window. The thickness of the window directly impacts the sensitivity of the light element readings. Until now, there has been no solution for the detection of light elements with a detector not using LN cooling. LN cooling systems require filling with LN on a regular basis and therefore are not used as field based portable detectors.

The X-7600 SDD Light will have a significantly improved MDL (Minimum Detection Limit) and will also be integrated into Xenemetrix's new S-Mobile platform, which is a portable XRF analyzer, allowing for all the advantages of field applications.

"The implementation of these new detectors will enable Xenemetrix to penetrate the environmental and homeland security markets," commented Bruce Rowlands, President & CEO of Eurocontrol Technics Inc. "Homeland security would benefit from the SSD Light technology's accuracy and portability when deployed with environmental detection teams, first response teams, hazmat teams as well as firefighters in a wide range of safety related functions," added Mr. Rowlands.

XRF can be used to identify pseudo metallic elements such as Phosphorus, Arsenic, Selenium, Tungsten, Cesium, Cobalt, Potassium, Plutonium, Strontium and other radioactive species of metals that can be used in dirty bombs. The benefit of these new XRF SDD systems would be the ability to limit exposure to hostile events while conducting numerous readings and data collection in potentially hazardous sites, in a short time frame, allowing for comprehensive identification of the substances employed in the event. Hostile events could include a chemical hazard introduced via airborne dispersion, water borne dispersion or some catastrophic event such as an explosive detonated device. The range of devices that could be identified is extensive, with the quick identification and subsequent data interpolation which could improve the chances of limiting catastrophic events, minimizing exposure of the public to toxic substances as well as allowing for the accurate assessment of the area of contamination and the degree of contamination.

About Eurocontrol Technics Inc.

Eurocontrol Technics Inc. through its two wholly owned subsidiaries Global Fluids International S.A. ("GFI") and Xenemetrix Inc., 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 2010 and in years to come.

About Xenemetrix Inc.

Xenemetrix is based in Israel with a fully owned subsidiary in Texas, USA and is a leading designer, manufacturer and marketer of Energy-Dispersive X-ray Fluorescence (EDXRF) systems and components for a wide range of industries and applications. Relying on more than 30 years experience in the field, Xenemetrix provides quality and cost effective answers to real world analytical challenges by combining the latest technological developments with innovative engineering. Xenemetrix has an installed base of approximately 800 systems worldwide of which 250 are installed in the USA. Eurocontrol purchased the Company in October 2010 with the aim to leverage the in-house technology portfolio to revamp the product line to include systems dedicated to anti-counterfeiting and home-land security. Xenemetrix was awarded Frost & Sullivan's "GLOBAL PRODUCT LINE STRATEGY OF THE YEAR AWARD IN THE EDXRF ANALYZERS MARKET" for the year 2010.

Please visit the Company's web site at: www.xenemetrix.com

Cautionary Note Regarding Forward-Looking Information This press release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, statements with respect to the future financial or operating performance of each of Eurocontrol and Xenemetrix and its projects, statements regarding technological prospects, statements regarding synergies and financial impact of the proposed transaction, the terms and conditions of the transaction, the benefits of the proposed transaction, costs of and capital for projects, expenditures, timing of future technological developments, requirements for additional capital, government regulation of industrial operations, environmental risks, title disputes or claims, limitations of insurance coverage and the timing and possible outcome of pending litigation and regulatory matters. Generally, forward-looking information can be identified by the use of forward- looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved".
Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company (and the company resulting from the successful completion of the proposed transaction) to be materially different from those expressed or implied by such forward-looking information, including but not limited to: general business, economic, competitive, political and social uncertainties; the actual results of current exploration activities; delay or failure to receive board or regulatory approvals; timing and availability of external financing on acceptable terms; the business of Xenemetrix and Eurocontrol and Xenemtrix not being integrated successfully or such integration proving more difficult, time consuming or costly than expected; not realizing on the potential benefits of the proposed transaction; conclusions of economic evaluations; changes in project parameters as plans continue to be refined; failure of plant, equipment or processes to operate as anticipated; accidents, labour disputes and other risks of the industrial industry; and, delays in obtaining governmental approvals or required financing or in the completion of activities. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. Eurocontrol and Xenemtetrix do not undertake to update any forward-looking information, except in accordance with applicable securities laws.

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.

Contact Information

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