Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : EUO - Eurotech, Ltd. -- Ignore unavailable to you. Want to Upgrade?

To: Heidi Hirst who wrote (549)	10/26/1999 10:39:00 AM
From: Heidi Hirst	Read Replies (1) \| Respond to of 565

Germany Selects EKOR in $1.5 Million Project Seeking Long-term Solution for Nuclear Waste For Immediate Release: October 26, 1999 WASHINGTON, DC. EUROTECH Ltd. (OTC: BB:EURO) announced today that the Federal Republic of Germany funded its two leading Nuclear Research Centers of Karlsruhe and Jülich to validate methods required for intermediate and long range nuclear waste storage and disposal using EUROTECH's radiation-resistant EKOR. This effort is in cooperation with EUROTECH, Ltd., the company that has exclusive worldwide rights to commercialize EKOR outside of Russia. The primary aim of this effort is to validate the comprehensive testing of EKOR already performed at Russia's Kurchatov Institute for Nuclear and General Physics, and conduct tests in compliance with German standards. This effort will certify EKOR for further wide application, such as encapsulation of the Germany's nuclear waste facility containers. The rest of the 2.8 million DM grant will support ongoing research into industry demands for additional applications of EKOR. Like all countries that rely on nuclear power, Germany has a substantial need for a more permanent solution to nuclear waste management. EKOR was created to suppress the radioactive debris and encapsulate the fuel-containing mass at the nuclear accident site in Chernobyl. EKOR has been tested to withstand environmental and radioactive conditions for hundreds of years. In the Ukraine, EUROTECH, Ltd. and the Shelter Project in Chernobyl, are moving ahead in a Joint Project with the aim to apply EKOR in actual site conditions this year. The Euro-Asian Physical Society scientists, who created EKOR for use in Chernobyl's failed nuclear power plant number 4, are visiting the accident site this week to provide technical assistance in the Joint Project. 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. 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. -END- For more information, please contact Dawn L. Van Zant at 800-665-0411 or visit our website at www.aiminvestor.com