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EUO Eurocontrol Technics Group Inc.

0.03
0.00 (0.00%)
13 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's XwinSys Receives $250,000 Grant

19/11/2013 12:49pm

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, through its wholly owned subsidiary
XwinSys Ltd., announces that it has been awarded a second year grant from the
Office of the Chief Scientist of Israel for its "Wafer bumps inspection and
measurement system". The total grant to be received is US$250,000 and reflects
approximately 50% of the total budget of over US$500,000 for the second year of
research and development. XwinSys designs, manufactures and markets novel
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 is currently at a stage of performing advanced demo applications for its
prospective Semiconductor customers including several of the largest global
companies. Demonstrations are performed on the XwinSys 100 beta system which was
the major milestone accomplishment of the last year's development efforts. 


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.


"Eurocontrol is proud of the grant award for a second consecutive year from the
Chief Scientist's Office for the development of the XwinSys unique technology,"
stated Bruce Rowlands, Chairman and CEO of Eurocontrol. "This grant is real
proof of the necessity of the hybridization of technologies for a verified
need," he added.


"During the last year of development XwinSys succeeded in launching a fully
operational beta stage system demonstrating superior performance for customer's
advanced requirements. The grant from the Israeli Chief Scientist, together with
the comprehensive support XwinSys receives from Eurocontrol, and the excellent
input and feedback XwinSys receives from prospective customers, has created a
great opportunity to penetrate the market during the coming year," commented
Doron Reinis, CEO of XwinSys.


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.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Eurocontrol Technics Group Inc.
Bruce Rowlands
Chairman and CEO
(416) 361-2808
browlands@eurocontrol.ca
www.eurocontrol.ca

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