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Technology Stocks : EUO - Eurotech Ltd.
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To: jmhollen who started this subject12/29/2001 11:48:23 AM
From: turnmore   of 28
 
From the 11/14/01 10-Q

SUB-SURFACE REMOTE SENSING TECHNOLOGIES - On September 25, 2001, we acquired from Trylon Metrics Inc. the worldwide rights to patented remote sensing technologies, Electromagnetic Radiography(TM) and Acoustic Core(TM), for 2,500,000 shares of our common stock. We believe that this acquisition will enhance our ability to market EKOR(TM) products. We can now offer integrated environmental remediation products, and assessment and monitoring services throughout the life cycle of nuclear remediation and hazardous waste cleanup projects. Electromagnetic Radiography(TM) and Acoustic Core(TM) technologies provide 3D images of subsurface contaminants with a high degree of discrimination and precision. We believe these technologies offer large area coverage at high resolution and are significantly more cost effective than monitoring methods currently used for environmental assessments. In addition to the complementary benefits of these technologies for EKOR(TM) products, Acoustic Core(TM) was demonstrated to the U.S. Customs Service as capable of detecting plastic explosives.

Research, which began in 1997 in collaboration with Battelle Memorial Institute, successfully tested Acoustic Core(TM) as capable of detecting C4 plastic explosives located within containers by non-intrusive methods; we believe markets for this technology exist in the security sector of our economy. The technologies have been proposed for use to the DOE as follow on Phase 2 work to be conducted at Hanford. There have also been proposals forwarded for oil exploration related activities. Three patent filings have been executed, which address use of the technology in the area of marine geophysical exploration for oil and natural gas. Two large dredging and marine environmental projects based in the US have been forwarded technical and pricing proposals for use of the technology in identification of marine sediment contaminants. The United States government General Accounting Office has identified one of these technologies for future use in continuing government research for detection and classification of land mines.
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