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Eurotech Increasing Marketing Support Activities

Published on 2005-06-22. Author : SpecialChem

MANASSAS, Va. -- Eurotech, Ltd. (OTC Pink Sheets: EUOT - News) announced that it has signed a nondisclosure agreement with Environmentally Friendly Materials GmBH and will be providing marketing support to EFM for the commercialization of the Hybrid Nonisocyanate Polyurethane (HNIPU) technologies.

In the recent shareholder update from Eurotech, Mr. Carey Naddell, Eurotech's Chairman and CEO, revealed that a number of marketing activities had been initiated to support the commercialization of Eurotech's patented HNIPU technologies in the US. Now that Environmentally Friendly Materials has obtained a non-exclusive license to market and sell HNIPU in the US from Eurotech's licensee Global Matrechs, Inc., Eurotech will be sharing the results of its recent marketing activities with EFM. As reported earlier, Eurotech is in discussions with a US polymer manufacturing company concerning the establishment of a US based toll production capability for HNIPU and will be working with EFM to secure a stable production capacity in the US. Any resulting sales of HNIPU by EFM in the US will benefit both Global Matrechs and Eurotech through the respective licensing agreements that specify royalty payments on product sales.

Eurotech is attempting to increase the supporting activities for the waste sensing and monitoring market and has recently entered into discussions with the developer of a highly advanced electromagnetic environmental sensing technology for the rights to market sensing and monitoring services in the US. Should current discussions be successful, Eurotech would be able to offer significantly improved sensing and monitoring capabilities for nuclear waste, and complement Eurotech's EKOR nuclear waste encapsulation technologies. Meanwhile, Eurotech is continuing its efforts to find non-nuclear spin-off applications of its EKOR technology in the industrial coatings market and has been discussing a transportation industry application with a regional paint company that supports a major transportation fabricator.

Over the past two years, Eurotech has successfully settled many of its prior outstanding debts but has been rebuffed by Global Matrechs in attempts to settle our differences. Management believes this is preventing the Company from moving forward to a fully operational and reporting state. Eurotech may be left with no alternative but to take its own legal actions against its licensee, Global Matrechs, Inc. if the two sides can't come to an amicable agreement. Meanwhile, Eurotech will maintain and try to expand its technology portfolio in order to support current and future technology licensees.

About Eurotech, Ltd.

Eurotech is a corporate asset manager seeking to acquire, integrate and optimize a diversified portfolio of advanced technologies in various markets. Our mission is to build value in our emerging technologies by providing each with the resources it needs to realize its strategic business potential.

Under the Private Securities Litigation Reform Act of 1995 Investors are cautioned that certain statements contained in this document as well as some statements in periodic press releases and some oral statements of Eurotech, Ltd. officials during presentations about Eurotech, Ltd., are "forward- looking" statements within the meaning of the Private Securities Litigation Reform Act of 1995 (the "Act").

Forward-looking statements include statements which are predictive in nature, which depend upon or refer to future events or conditions, which include words such as "expects," "anticipates," "intends," "plans," "believes," "estimates," or similar expressions.

In addition, any statements concerning future financial performance (including future revenues, earnings or growth rates), ongoing business strategies or prospects, and possible future actions, which may be provided by management, are also forward-looking statements as defined by the Act.

Some of the factors that could significantly impact the forward-looking statements in this press release include, but are not limited to: insufficient cash flow to continue to fund the development and marketing of the Company's products and technology; a rejection of the Company's products and technologies by the marketplace, and; disputes as to the Company's intellectual property rights.

Forward-looking statements are based upon current expectations and projections about future events and are subject to risks, uncertainties, and assumptions about Eurotech, its technology, economic and market factors and the industries in which Eurotech, Ltd. does business, among other things.

These statements are not guarantees of future performance and Eurotech, Ltd. has no specific intention to update these statements. More detailed information about those factors is contained in Eurotech Ltd.'s filings with the Securities and Exchange Commission.

Source: Eurotech, Ltd.


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