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EUO Eurocontrol Technics Group Inc.

0.03
0.00 (0.00%)
03 Jun 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Eurocontrol Technics Group Inc. TSXV:EUO TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.03 0.02 0.025 0 01:00:00

Eurocontrol Provides Update on XwinSys Subsidiary Advancements

26/06/2014 2:52pm

Marketwired Canada


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

Eurocontrol Technics Group Inc. (TSX VENTURE:EUO) ("Eurocontrol" or the
"Company"), a Canadian public company specializing in the acquisition,
development and commercialization of innovative energy security, authentication,
verification and certification technologies, is pleased to announce that its
wholly owned subsidiary XwinSys Ltd., is reporting significant progress in its
ability to perform bumps inspection and verification for the semiconductor
manufacturing process. XwinSys manufactures and markets innovative solutions
based on a synergistic combination of Energy-Dispersive X-Ray Fluorescence
(EDXRF) and automated 3D image processing technologies for the semiconductor and
related microelectronics industries.


XwinSys has had meetings with leading semiconductor manufacturers and capital
equipment suppliers and has received enthusiastic interest in its innovative
solution which is unmatched by any other company. XwinSys is currently
performing evaluations for some of these leading companies and initial results
have verified the viability of the solution. These evaluations are so far based
on the limited performance of the prototype system and will be continued to a
fully configured evaluation system during 2014-2015. 


XwinSys was recently visited by senior managers from a leading semiconductor
manufacturer in Japan. After reviewing the applications presented to them, they
nominated a technical evaluator to investigate the possibility of purchasing a
system during 2015. XwinSys has presented a roadmap to the manufacturer that is
in line with their evolving needs and is also aligned to the general industry
roadmap following an updated review of the market trends.


XwinSys also strengthened its activity with a leading manufacturer in Korea.
XwinSys management visited the manufacturer's facility in Korea following their
request to discuss the first successful round of technology evaluation that was
performed on the XwinSys demo system in Israel.


The current estimated size of the 3D interconnect inspection market is $300
million per year. This precludes the new requirement for inspection of the
emerging 3D IC structures and this emerging inspection and metrology market size
is estimated to exceed $500 million per year. XwinSys' goal is to capture 10% of
this market with its initial product offering designated XWS100. The Company's
IP is generic in nature and can be subsequently leveraged for other applications
which would significantly increase the available market size.


The XwinSys solution is a new inspection approach for evolving test and
metrology requirements of the industry and will first serve the semiconductor
and microelectronics markets with additional verification applications currently
being assessed by XwinSys.


Doron Reinis, CEO of XwinSys commented, "During the last year of development
XwinSys succeeded in launching a fully operational evaluation system
demonstrating superior performance for customer's advanced requirements. The
cooperation with two of the major semiconductor manufacturers in the world will
contribute to our ability to supply a system that suites the evolving
manufacturing process of the industry."


"Eurocontrol is pleased to report that this engineering combination of EDXRF and
3D image processing has merged on time and on budget from our team at XwinSys,"
stated Bruce Rowlands, Chairman and CEO of Eurocontrol. 


About Eurocontrol Technics Group Inc.

Eurocontrol through its three wholly owned subsidiaries, Global Fluids
International S.A. ("GFI"), Xenemetrix Inc. ("Xenemetrix") and XwinSys Ltd.
("XwinSys"), is a leading provider and innovator of detection and marking
systems worldwide. GFI and Xenemetrix are global pioneers in developing and
implementing innovative molecular marking systems for the oil industry and
XwinSys is currently a development stage company. GFI's unique and proprietary
liquid authentication system, Petromark(TM), is the world's leading solution for
fully integrated oil marking, mixing and detection. Xenemetrix is a leading
designer, manufacturer and marketer of energy-dispersive x-ray fluorescence
("EDXRF") systems, a technology that is the most accurate and economic method
for determining the chemical composition of many types of materials, including
the analysis of petroleum oils and fuel. XwinSys is developing technology and
intellectual property that will combine 2D and 3D image processing technology
from Brossh Inspection Systems Ltd. of Israel with Xenemetrix's EDXRF technology
for application in the semi-conductor manufacturing process.


NEITHER THE 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.


Forward-Looking Statements: 

This press release contains forward-looking statements. More particularly, this
press release contains statements. Forward-looking statements are frequently
characterized by words such as "plan", "expect", "project", "intend", "believe",
anticipate", "estimate", "may", "will", "would", "potential", "proposed" and
other similar words, or statements that certain events or conditions "may" or
"will" occur. The forward-looking statements are based on certain key
expectations and assumptions made by Eurocontrol. Although Eurocontrol believes
that the expectations and assumptions on which the forward-looking statements
are based are reasonable, undue reliance should not be placed on the
forward-looking statements because Eurocontrol can give no assurance that they
will prove to be correct. Since forward-looking statements address future events
and conditions, by their very nature they involve inherent risks and
uncertainties. Actual results could differ materially from those currently
anticipated due to a number of factors and risks. In addition to other risks
that may affect the forward-looking statements in this press release are those
set out in Eurocontrol's management discussion and analysis of the financial
condition and results of operations for the year ended December 31, 2013 and the
first quarter ended March 31, 2014 which are available on the Corporation's
profile at www.sedar.com. The forward-looking statements contained in this press
release are made as of the date hereof and Eurocontrol undertakes no obligation
to update publicly or revise any forward-looking statements or information,
whether as a result of new information, future events or otherwise, unless so
required by applicable securities laws.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Eurocontrol Technics Group Inc.
Bruce Rowlands
Chairman and CEO
(416) 361-2809
browlands@eurocontrol.ca
www.eurocontrol.ca

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