SOURCE: EUROTECH S.p.A

July 01, 2008 10:22 ET

EUROTECH S.p.A : The merger between ARCOM Inc. and Applied Data Systems into Eurotech Inc. is complete

AMARO, ITALY--(Marketwire - July 1, 2008) - Amaro (UD) July 1st , 2008 - Eurotech SpA has notified today the completion of the merger between United States-based ARCOM Inc. and Applied Data Systems into Eurotech Inc.

Eurotech Inc. becomes a leading provider for the American market of application-ready embedded computer systems for low power and high performance applications.

Chief Executive Officer of the newly formed Eurotech Inc. is Mr. Greg Nicoloso who takes over Mr. Robert Olsen's executive responsibilities. Mr. Olsen becomes Chairman of the Eurotech Inc. Board.

THE EUROTECH GROUP

Eurotech (ETH.MI) is a company active in the research, development, production and marketing of miniaturised computers (NanoPCs) and of computers featuring high-performance computing capability (HPCs).

EUROTECH S.p.A.

www.eurotech.com

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