Eurocontrol Technics Inc.
TSX VENTURE : EUO

Eurocontrol Technics Inc.

June 29, 2011 07:15 ET

Xenemetrix Receives Approval from Romanian Government to Sell EDXRF Analyzer in the Country

F&S Award Winner Quality Control Systems Compliant with Romanian Law

TORONTO, CANADA--(Marketwire - June 29, 2011) -

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

Eurocontrol Technics Group Inc. (TSX VENTURE:EUO), a company specializing in the development of authentication, certification and energy security technologies, through its wholly owned subsidiary, Xenemetrix Ltd. ("Xenemetrix"), today announced that it had received approval from the Romanian government to sell its Energy-Dispersive X-Ray Fluorescence ("EDXRF") technology in the country.

Romanian government officials from the National Commission for Nuclear Activities Control were at Xenemetrix's facilities earlier this month in order to audit Xenemetrix's quality management systems. After testing and other reviews the Romanian government gave Xenemetrix the green light to sell its EDXRF analyzers in the country. Following this approval Xenemetrix sold to a private Romanian company an EX-6660 SDD system (approximate cost US$80,000), which has already been delivered.

"Receiving approval from the Romanian government is only a first step," commented Bruce Rowlands, President and CEO of Eurocontrol Technics Group. "Going forward Xenemetrix plans on further solidifying its European network by sourcing marketing and distribution partnerships with new and well established distributors in Europe and elsewhere," added Bruce Rowlands.

"This approval opens new horizons in a developing country," said Doron Reinis CEO of Xenemetrix. "The Romanian market for EDXRF analyzers is expected to grow significantly in the next three years and Xenemeterix is well poised to meet the expected demand increase for its technologies," added Doron Reinis.

Eurocontrol's other wholly owned subsidiary, Global Fluids International S.A. ("GFI") specializes in the development of marking and detection systems for the oil industry. GFI produces the marking system and Xenemetrix's EDXRF analyzers are the detection protocol used to detect the presence of the markers in hydrocarbons.

About Eurocontrol Technics Group Inc.

Eurocontrol Technics Group 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 PetromarkTM integral system, GFI has developed a four-part solution consisting of a molecular marker, injection, monitoring and control components. Such oil industry cost realities along with GFI's five-year R&D efforts to create its industry-leading marking solutions, along with access to capital provided by Eurocontrol Technics Group Inc. allows management to pursue numerous anticipated oil marking opportunities in 2011 and in years to come.

www.eurocontrol.ca

About Xenemetrix Inc.

Xenemetrix Inc. is based in Israel 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 Xenemetrix 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 Xenemetrix'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, its projects and partnerships, expected synergies resulting from the partnership, the effect such arrangements can be expected to have on Eurocontrol's performance 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 Eurocontrol and Xenemetrix 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; timing and availability of external financing on acceptable terms; 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 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 does not undertake to update any forward-looking information, except in accordance with applicable securities laws.

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