EUO .49 EUROTECH's Acoustic Core Remote Sensing Technology Demonstrated Capable of Detecting C4 Plastic Explosives
FAIRFAX, Va.--(BUSINESS WIRE)--Oct. 4, 2001--EUROTECH, Ltd., (AMEX:EUO - news), announced today that its Acoustic Core(TM) (AC) technology, recently acquired from Trylon Metrics Inc., was demonstrated to the US Customs Service as capable of detecting plastic explosives.
Research commenced in 1997 in collaboration with Battelle Memorial Institute, successfully tested Acoustic Core as capable of accurately and effectively detecting C4 plastic explosive located within containers by non-intrusive methods.
The AC technology has been proposed to the US government for use as an add-on capability to existing airport x-rays systems as a high-speed, automatic detector of plastic explosives, which are transparent to commonly used high-speed inspection technologies. The limited explosive testing currently done at airports is slow and requires significant human operational support.
AC can be deployed in fixed or portable equipment as a cost effective, automatic and instantaneous detector of C4 explosive, scanning 100% of containers from suitcase size to container trucks.
Acoustic Core uses a patented process for analyzing the acoustic signature of a material and accurately characterizes its constituent components. AC is capable of detecting a wide variety of illicit materials in addition to C4 explosive and therefore significantly enhance security in transportation, shipping, and protected facilities.
The worldwide market opportunity for a fully automatic technology capable of high-speed, non-intrusive inspection and detection of explosives exceeds $100 million per year. With the current emphasis on safety and security from terrorists' acts, AC is being marketed to shipping and transportation detection system manufacturers and Department of Defense contractors.
For additional information about Eurotech and its technologies visit the Company website www.eurotechltd.com. Certain information and statements 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.
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Contact:
EUROTECH, Ltd.
by
ECON Investor Relations, Inc.
DawnVanZant, 800/665-0411 |
