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

To: CAREYN who wrote (531)	2/22/1999 9:47:00 PM
From: Cabrina Dieters	Read Replies (2) \| Respond to of 565

Careyn or Colin, Is this it finally?Eurotech, Ltd. Ekor Recommended at Chernobyl WASHINGTON, Feb. 22 /PRNewswire/ -- Eurotech, Ltd. (OTC Bulletin Board: EURO - news) announced today that the Ministry of Energy of the Ukraine has recommended to the Shelter Implementation Plan (SIP) and the Project Management Unit (PMU) the use of EKOR material to solve a series of tasks in the nuclear cleanup of the Chernobyl Nuclear Power Plant Reactor Number Four. It is currently being planned for a March or April start date, under the condition that financing will become available from the European Bank for Reconstruction and Development (EBRD). There is a growing concern that the 15 to 40 tons of radioactive dust inside the deteriorating sarcophagus could escape into the atmosphere creating an environmental catastrophe. Until a permanent enclosure and cleanup of resultant materials can be accomplished, there is an emergency need for an effective dust suppressant. Due to the success of EKOR testing, international patent pending numbers have been issued to EAPS and assigned to Eurotech. Individual patents have been applied for in the US, Germany, Ukraine, Russia and Japan. Eurotech is proceeding with the worldwide commercialization of EKOR on other fronts. EKOR is a previously classified Russian Defense technology, that is currently being offered to various US Government Agencies that have similar Nuclear waste clean up issues. It is anticipated that Eurotech Ltd., will succeed in the Nuclear cleanup where others have failed. Eurotech is the sole licensee to sell EKOR for Nuclear cleanup. It is anticipated that the Nuclear application of EKOR will in the future bring Eurotech revenues in excess of $1 Billion U.S. dollars. Currently there is internal restructuring taking place so Eurotech may present EKOR to industry here in the United States. Frank Fawcett, President and CEO will be traveling to Europe over the next 10 business days to be briefed and to negotiate future contracts for EKOR and one of our other products Liquid Ebonite Mixtures (LEM). Working agreements are being drafted as a first step that will result in contracts with two multinationals companies with separate revenues of $10 Billion (US) dollars each. It is estimated that the first two contracts will bring revenues between $15 to $20 million dollars.