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Eurocontrol Provides Update on SICPA Transaction

25 Sep 2015

NewsEvents

A New Perss Release . Sep 16, 2015

NewsEvents

Eurocontrol Provides Update on SICPA Transaction

Toronto, CANADA, September 16, 2015

 

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, announces that further to its press release of August 18th, the Company and SICPA have agreed to extend the 30 day best effort period for finalization of the definitive sale agreement of Eurocontrol’s subsidiary Global Fluids International S.A. (“GFI”) and related assets in order to accommodate the numerous Jewish religious holidays that occur during the month of September into early October.

 

About SICPA

SICPA is a private Swiss company founded in 1927 as Société Industrielle et Commerciale de Produits Alimentaires” (Industrial and Commercial Food Products Company), the acronym SICPA has been utilized as the company name as the breadth of its services expanded. Originally involved in the production and supply of a special fat used in the milking of cows, SICPA moved into the field of security inks for currency printing in the early 1940’s. Since then, SICPA has become a global provider of secured identification, traceability and authentication solutions and services. Every day, governments, companies and millions of people rely on SICPA to protect the integrity and value of their currency, personal identity, products and brands. Today SICPA is an international organization with technologies and services in more than 200 countries around the world, and 3,000 staff of over 50 nationalities. SICPA is a trusted security provider and adviser to governments, central banks, high-security printers and industry through its three global businesses – security inks, government security solutions and product and brand protection solutions. Additional information on SICPA can be obtained by visiting the SICPA website www.sicpa.com.

 

About Eurocontrol Technics Group Inc.

Eurocontrol through its three wholly owned subsidiaries, Global Fluids International S.A. (“GFI”), Xenemetrix Ltd. (“Xenemetrix”) and XwinSys Technology Development 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, PetromarkTM is the world’s leading solution for fully integrated oil marking, mixing and detection. Xenemetrix is a leading designer, manufacturer and marketer of energydispersive 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.

For further information on Eurocontrol, please visit the Company's website at www.eurocontrol.ca or contact Bruce Rowlands, Chairman and CEO at (416) 361-2809 or browlands@eurocontrol.ca.

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