ADVFN Logo ADVFN

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for default Register for Free to get streaming real-time quotes, interactive charts, live options flow, and more.

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 Subsidiary XwinSys Receives Development Grant

29/11/2012 11:00am

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 authentication, verification,
certification and energy security technologies, through its wholly owned
subsidiary XwinSys Ltd., today announced it has been awarded a grant from the
Office of the Chief Scientist of Israel for its "Bumps inspection and
measurement system". The total grant will be US$220,000 and reflects 50% of the
total budget of US$440,000 for one year of research and development.


XwinSys is at an advanced stage in the development of a new inspection and
measurement system to combine Eurocontrol's subsidiary, Xenemetrix's, Energy
Dispersive X-Ray Florescence technology with Brossh Inspection Systems' 2D+3D
image processing technology. The new inspection and measurement system will
first serve the semiconductor and microelectronics markets with additional
verification applications currently being assessed by XwinSys. 


"Eurocontrol is pleased to have the support of the Chief Scientist's Office in
the development of this unique technology within XwinSys," stated Bruce
Rowlands, Chairman and CEO of Eurocontrol. "Their participation is validation of
our approach with the combination of elemental analysis with image processing,"
he added.


"The grant from the Israeli Chief Scientist, together with the wide support
XwinSys receives from Eurocontrol will enable us to present the new verification
system to the semiconductor and microelectronics markets next year. Throughout
the development process, XwinSys has been receiving excellent input and
validation from potential customers regarding the verification performance
requirements of these systems," commented Doron Reinis, CEO of XwinSys. 


About Eurocontrol Technics Group Inc. 

Eurocontrol has three wholly owned subsidiaries: Global Fluids International
S.A. ("GFI"), Xenemetrix Inc. and XwinSys Ltd. GFI and Xenemetrix are global
pioneers in developing and implementing innovative molecular marking systems for
the oil industry. Through the proprietary Petromark(TM) 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 ten-year research and development efforts to create its industry-leading
marking solutions, along with access to capital provided by Eurocontrol allows
management to pursue numerous anticipated oil marking opportunities in 2012 and
in years to come. XwinSys is currently developing intellectual property that
will combine 2D and 3D image processing technology from Brossh Inspection
Systems Ltd. of Israel, with Eurocontrol's subsidiary Xenemetrix's
Energy-Dispersive X-ray Fluorescence ("EDXRF") technology. 


For further information on Eurocontrol, please visit the Company's website at
www.eurocontrol.ca.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Eurocontrol Technics Group Inc.
W. Bruce Rowlands
Chairman and Chief Executive Officer
(416) 361-2808
(416) 364-5400 (FAX)
browlands@eurocontrol.ca
www.eurocontrol.ca

1 Year Eurocontrol Technics Group Inc. Chart

1 Year Eurocontrol Technics Group Inc. Chart

1 Month Eurocontrol Technics Group Inc. Chart

1 Month Eurocontrol Technics Group Inc. Chart

Your Recent History

Delayed Upgrade Clock