Eurocontrol Technics Group Inc. is a Canadian public company listed on the Toronto Venture Exchange and trading under the symbol EUO. Eurocontrol specializes in the acquisition, development and commercialization of innovative test and measurement technologies and applications for key growth markets – energy security / fuel marking, ED-XRF equipment, wafer inspection and metrology equipment and precision agriculture. The Company also has an agreement with SICPA S.A. of Switzerland for earn-out payments of 5% (minimum $9 million) on revenues generated from the oil and gas marking and monitoring field relating to the sale of its former subsidiary, Global Fluids International in 2016.
Business to be conducted through new wholly owned subsidiary Croptimal
TORONTO, ONTARIO--(Marketwired - Jan. 9, 2017) - Eurocontrol Technics Group Inc. (TSX VENTURE:EUO)(OTCQB:EUCTF) ("Eurocontrol" or the "Company"), a Canadian public company specializing in the acquisition, development and commercialization of innovative test and measurement technologies for the authentication, verification and certification markets, is pleased to announce that its wholly owned subsidiary Xenemetrix Ltd. ("Xenemetrix") has successfully completed feasibility and verification of its precision agriculture technology. Commercialization of this leading edge product and service will commence in 2017 under the name Croptimal through a new wholly owned subsidiary of Eurocontrol by the same name.
This disruptive agriculture focused technology provides for in-field testing utilizing a mobile and compact laboratory that automatically prepares samples of soil, water and critical parts of the crops and is equipped with integrated multi-spectral spectroscopy and solution electric measurement units for a full range of material...
Year to date investment of $2.5 million in R&D
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Investment of $1.6 million in R&D
With over 1,000 systems sold to leading institutions around the world, Xenemetrix is a leading designer, manufacturer, and marketer of energy-dispersive x-ray fluorescence (ED-XRF) systems and components and holds a number of certifications. Xenemetrix is dedicated to designing, manufacturing and supporting ED-XRF bench top spectrometers / analyzers as well as laboratory and mobile elemental analysis instrumentation. Located in Israel and with over 30 years experience, Xenemetrix is the recipient of Frost & Sullivan Best Practices Awards in 2015 and 2010 for Global Analytical X-Ray Instrumentation Price Performance Value Leadership and Global ED-XRF Analyzers Product Line Strategy of the Year, respectively.
Xenemetrix has an exclusive long term supply, maintenance and support agreement with SICPA | GFI to supply Xenemetrix products and services related to the oil and gas marking and monitoring field.
With input and cooperation from major semiconductor manufacturers, XwinSys has developed a new and unique approach to handling metrology inspection systems for the semiconductor and related industries. XwinSys’s Onyx is a unique hybrid technology for wafer inspection that combines ED-XRF and automated 3D vision technologies to provide material composition and 3D topography mapping. In May 2016, XwinSys was granted a US patent on this new technology. XwinSys is currently working with several of the largest global semiconductor companies to place units.
The Croptimal technology was developed through collaboration with Netafim, an Israeli company that is the global leader in drip and micro-irrigation solutions for agriculture productivity - Netafim delivers innovative irrigation solutions to more than 110 countries across the globe.