Eurocontrol Technics Inc.
TSX VENTURE : EUO

Eurocontrol Technics Inc.

February 17, 2011 07:00 ET

Xenemetrix to Take the Lab Into the Field

Frost & Sullivan Award Winner to Launch Mobile Unit With Power of Lab Detection

TORONTO, ONTARIO--(Marketwire - Feb. 17, 2011) -

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 powerful Mobile 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 Mobile X-Ray Florescent (XRF) System is based on the existing Xenemetrix S-Mobile platform. The new system will have an advanced and enhanced chamber to enable the option of using helium in the field. Helium in the field supports the measurement of light elements like Fluorine, Sodium and Magnesium to very low limits of detection. The new system will carry the Silicon Drift Detector technology at an advanced resolution of 127ev. This XRF analyser will be the first 50W mobile system in the market with the ability for light element measurement capabilities.

The new system will also have the ability for data transmission anywhere in the world to an advanced data server that will also be supplied by Xenemetrix. This advanced state of the art system will be GPS enabled (global positioning system) and will be able to track the system and also the measurements generated by the analyser, anywhere in the world. The advanced data collection and analysis server will enable the users to view the data supplied by the system from anywhere in the world trough the WEB.

This advanced XRF system also has the ability to use Helium as part of the detection methodology. The Helium mode of the system is part of its mobile protocol and therefore there will be no need to carry additional heavy helium cylinders in the field. 

"This will be the first mobile XRF system, with 50W power, in the market today to be in-field helium enabled. The system is a breakthrough in taking the laboratory to the field," commented Doron Reinis, CEO of Xenemetrix Inc. "The significant MDL (minimum detection limits) of the new advanced system provides for the reality of lab quality results in the field," added Mr. Reinis.

"The new S-mobile XRF system will enable Xenemetrix to penetrate the exploration, mining and geological markets," commented Bruce Rowlands, President & CEO of Eurocontrol Technics Inc. "Mining exploration will benefit from the new S-Mobile system's accuracy and mobility," added Mr. Rowlands.

XRF can be used to identify metallic elements such as Gold, Silver, Rhodium, Palladium, Platinum and other precious and rear earth elements in very low levels and in great accuracy. 

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 2011 and in years to come.

About Xenemetrix Inc.

Xenemetrix Inc. is based in Israel with a wholly-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 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 and Xenemetrix and their projects, statements regarding technological prospects and the capabilities of new systems, the outcome and results of new systems, 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 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 and Xenemetrix do not undertake to update any forward-looking information, except in accordance with applicable securities laws.

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Contact Information

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