Test and Measurement Innovators Focused on Key Growth Markets
Xenemetrix, winner of the Frost & Sullivan awards - 2010 and 2015
Eurocontrol Technics Group Inc. is a Canadian public company listed on the Toronto Venture Exchange and the OTCQB trading under the symbols EUO and EUCTF, respectively.
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 – significant markets that combined have potential markets of over US$15 billion annually. Eurocontrol has three wholly owned subsidiaries and approximately 50 full time employees located in Israel’s high tech industrial zone -- Xenemetrix Ltd., XwinSys Technology Development Ltd. and Croptimal. 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 (GFI) to SICPA in 2016.
With ~1,300 systems installed worldwide, holding numerous certifications and two Frost & Sullivan awards, Xenemetrix is a leader in Energy Dispersive X-Ray Fluorescence (ED-XRF) spectroscopy systems and components for a wide range of industries and applications.
XwinSys’s Onyx, a patented world class metrology technology, was developed in–house with cooperation from major semiconductor manufacturers. The technology behind Onyx is a unique combination of ED-XRF spectroscopic material analysis and image processing technology. Onyx provides the answer to inline micro processor equipment testing overcoming the limitations of entrenched technologies for measuring thin and ultra-thin films for the semiconductor industry.
Croptimal, a company formed in early 2017, is introducing a new mobile ED-XRF spectroscopic material analysis laboratory for the precision agriculture industry that could dramatically change agricultural testing methodology and should allow for a marked increase in crop yield. This state of the art technology application provides for automatic preparation of samples of soil, water and critical parts of crops that offers the grower collection, preparation, analysis and submission of results in minutes compared to the current 10 day test cycle.
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.
$16 million cash + ongoing earn-out payments equal to 5% of value of future contracts, inclusive of both marker and logistics with minimum guarantee of $9 million over six years
SICPA’s long established business and world wide reach will deliver more contracts and provide earn-out revenue not only on the sale of the fuel marking technology but also on the implementation and operation of fuel marking programs, an area that Eurocontrol had no prior exposure – prior revenue from the GFI PetromarkTM business unit was as technology provider (sale of GFI PetromarkTM markers and detectors from Xenemetrix)
Increase in SICPA | GFI fuel marking contracts will result in more business for Xenemetrix’s analyzer product line