Eurocontrol Technics Group Inc.'s Drive to Profitability Fueled by Its Recurring Revenue
Toronto, Ontario--(Newsfile Corp. - January 24, 2014) - "I expect that the annualized revenue run rate of the business will be well beyond $10 million by the end of 2014," said Eurocontrol Technics Group Inc. (TSXV: EUO) Chairman and CEO Bruce Rowlands, in an interview with SmallCapPower.com.
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Eurocontrol Technics Group Inc. (TSXV: EUO) through its three wholly-owned subsidiaries, Global Fluids International S.A. ("GFI"), Xenemetrix Inc. ("Xenemetrix") and XwinSys 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, Petromark™, is the world's leading solution for fully integrated oil marking, mixing and detection. Xenemetrix is a leading designer, manufacturer and marketer of energy-dispersive 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 semiconductor manufacturing process.
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