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BRAMA, Apr. 3, 2000, 9:00pm EST
EUROTECH, Ltd. and NuSil Technology Agree to Manufacture Radiation-Resistant EKOR Material in the United States
WASHINGTON, DC. EUROTECH Ltd. (OTC: BB:EURO) and NuSil Technology announced today a manufacturing agreement for the manufacturing and sale of EKOR materials. EKOR is Eurotech's highly radiation-resistant material recently used by the Chernobyl Shelter Project in the first long-term isolation of fuel containing mass from the nuclear reactor accident 14 years ago. EKOR, whose encapsulation properties will not degrade for hundreds of years, is being marketed as a solution to the nuclear waste industry as a material for radioactive waste containment, transportation, storage, and disposal.
The manufacturing agreement calls for NuSil Technology to produce up to 30,000,000 pounds of EKOR products annually to support product demand. Eurotech's president, Don Hahnfeldt, said, "I am very pleased to have NuSil Technology as Eurotech's manufacturing partner for the first commercial scale production of EKOR. NuSil's experts in advanced silicones and polymers will work in a cooperative effort with the scientists of the EuroAsian Physical Society toward meeting the needs of nuclear waste managers."
NuSil Technology is an innovative company specializing in the development and manufacture of advanced technology silicone products for the aerospace, health care and other high technology industries. NuSil's United States corporate headquarters are in Carpinteria, California and European headquarters are in Anglet, France. NuSil is an ISO 9001 certified private company with over 250 employees, and manufacturing facilities for hundreds of products and thousands of customers in the United States and worldwide. NuSil's president, Richard Compton, said: " We have the technology, research expertise, manufacturing capability and experience to bring EKOR to market. NuSil relishes a challenging project and welcomes the opportunity to participate in solving nuclear waste management problems."
EUROTECH Ltd. is a diversified technology holding company formed to capitalize on business opportunities through the acquisition and commercialization of advanced technologies developed by prominent research institutes and individual researchers worldwide. Additional information about EUROTECH, Ltd. and its technologies may be viewed on the Company website: http://www.eurotechltd.com
Certain information and statement included in this release constitute "forward-looking statements" within the meaning of the Federal Privates Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance, or achievements of the company to be materially different from any future results, performance, or achievements expressed or implied in such forward-looking statements.
For More Information Contact:
ECON Investor Relations, Inc.
Dawn VanZant
1-800-665-0411
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