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Strategies & Market Trends : Sharck Soup -- Ignore unavailable to you. Want to Upgrade?

To: Sharck who wrote (37454)	12/29/2001 6:28:14 PM
From: wgh613	Read Replies (2) \| Respond to of 37746

Sharckie,here is the EUO news.Sometimes getting in a little early,at higher prices, looks very good. Manny. EUO news After Hours: EUROTECH, Ltd. Enters Explosives and Illicit Materials Detection Marketplace FAIRFAX, Va., Dec 28, 2001 (BUSINESS WIRE) -- EUROTECH, Ltd., (Amex: EUO chart, msgs - chart, msgs news chart, msgs), Eurotech Ltd reported today on its progress to employ its Acoustic Core(TM) technology for explosives detection in the Homeland Security effort. The company agreed to acquire additional illicit materials detection technology rights from Trylon Metrics for future non-monetary consideration. The company has submitted four proposals to the Department of Defense and performed two laboratory demonstrations of the technology for government contractors and Department of Defense personnel. The proposals were submitted in response to Broad Agency Announcement solicitations issued by the Department of Defense. Each proposal addressed a unique application of the technology to respond to terrorist threats from illicit materials such as explosives, biohazards and nuclear radioactive compounds. The submitted proposals to the Department of Defense for applications of the technology were focused on primary screening capabilities which are unique to Acoustic Core(TM) remote sensing. The technology is capable of computerized automatic screening of containers, vehicles and humans for a broad range of illicit materials at high rates of speed, with low false alarm rates utilizing safe for human exposure low frequency acoustic energy. This makes the technology ideal for situations where large volumes of containers or humans need to be screened quickly and accurately. Along with the Department of Defense proposals, the company performed demonstrations of the technology for the U.S. Air Force and a government contractor. The demonstrations were constructed to create an example of how the technology and associated physics would be utilized for the screening of automobile voids for explosives. An additional proposed use of the technology is for automatic screening of large shipping containers. Enormous quantities of shipping containers pass thru numerous marine waterway and land ports through out the United States on a daily basis. A proposed configuration of the equipment would permit screening of these containers while they are in motion being transported via crane, truck, or railcar. Primary screening of containers in this manner can then segregate suspicious containers for secondary screening, which can be performed by a hand held version of the remote sensing product. In this manner Acoustic Core(TM) can be used in conjunction with present secondary screening methods to provide a fully integrated inspection and screening system. Because Acoustic Core(TM) works by utilizing unique and independent acoustic signatures of illicit materials, it can be programmed to detect a large array of harmful substances which include numerous types of explosive, bio-hazardous and radioactive compounds. Another proposed use of this technology is to screen carry on luggage for plastic explosives by retrofitting an Acoustic Core(TM) sensor into existing carry on luggage inspection systems. This would give these existent systems a new capability to automatically detect via computer the presence of plastic explosive without creating the need for replacement of thousands of installed systems nationwide. The technology is potentially very flexible and can be used to safely screen humans for explosives by incorporating Acoustic Core(TM) into existent entry portal systems such as metal detectors, thereby permitting the screening for explosives without additional delays. The most recent highly publicized attempt to explode a device aboard an aircraft now demonstrates that shoes may be used as a means of smuggling explosives on board an airplane. Acoustic Core(TM) is capable of being installed in the floor space of airline passenger entry portals to detect explosives in foot ware. After almost a decade of intensive research Acoustic Core(TM) technology is poised to enter the security marketplace to fill high priority needs within the Homeland Security arena. For additional information about Eurotech and its technologies visit the Company website www.eurotechltd.com. 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 officials during presentations about Eurotech, 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 on 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 does business, among other things. These statements are not guaranties of future performance and Eurotech has no specific intention to update these statements. More detailed information about those factors is contained in Eurotech's filings with the Securities and Exchange Commission. For More Information Contact Dawn Van Zant at dvanzant@investorideas.com or Call Toll Free 800/665-0411 Contact: