QBie™ Spotlight: Eurocontrol Technics Group Inc. (OTCQB: EUCTF)
QBie™ Spotlight sits down with Bruce Rowlands, Chairman and CEO of Eurocontrol Technics Group Inc. (OTCQB: EUCTF), to discuss one of the OTCQB’s newest additions. EUCTF joined the OTCQB on August 11th of this year.
What does Eurocontrol Technics Group do?
Bruce Rowlands (Chairman & CEO – OTCQB: EUCTF): “The Company specializes in the acquisition, development and commercialization of innovative authentication, verification and certification technologies. Eurocontrol has two wholly owned subsidiaries, Xenemetrix Ltd. and XwinSys Technology Development Ltd. both of Israel and an agreement with SICPA S.A. of Switzerland for earn-out payments of 5% (minimum $9 million) on revenues generated from the oil and gas marking and monitoring field relating to the sale of its former subsidiary Global Fluids International (GFI) S.A. to SICPA earlier this year.
Xenemetrix is a leading designer, manufacturer and marketer of ED-XRF systems, a metrology technology in the test and measurement market that is the most accurate and economic method for determining the chemical composition of many types of materials, including the analysis of petroleum oils and fuel. Xenemetrix has an exclusive long-term supply, maintenance and support agreement with SICPA GFI to supply SICPA GFI with Xenemetrix products and services related to the oil and gas marking and monitoring field.
XwinSys has developed a new and unique, fully automated and patented metrology system for the semiconductor industry that combines ED-XRF and 3D automated vision technologies for wafer inspection.
Eurocontrol’s focus is the test and measurement field. Historically, the problem the Company focused on through its former subsidiary, GFI, was the illicit commercialization of oil and gas. With the sale of GFI in early 2016 to SICPA, Eurocontrol is still involved in oil and gas marking and monitoring through earn-out payments from SICPA and also through the Company’s subsidiary Xenemetrix which exclusively supplies the detection equipment to SICPA GFI. The Company’s product focus through its subsidiaries and its M&A focus is test and measurement within the broader scientific instrumentation industry. In addition to the manufacture of ED-XRF equipment for customers worldwide, Xenemetrix is currently working with Netafim and DigiFlex to bring new products to market in the test and measurement space. The MOU with Netafim, a world leader in drip irrigation technology, is in the precision agriculture industry for the development of ED-XRF technology for use by farmers to test soil samples with the test data being shared in an information depository in the Cloud which when populated will provide farmers with relevant, important data towards maximizing crop yields. The MOU with DigiFlex, a company that has patented ink technology, is for the investigation and creation of a synergistic approach to security printing to combat counterfeit products utilizing ED-XRF technology.”
What is the next big goal EUCTF is trying to accomplish/what should we keep an eye out for?
Rowlands: “At a subsidiary level, commercialization of XwinSys’s Onyx metrology inspection system, solidifying technology marriages on Xenemetrix MOUs with Netafim and DigiFlex and at a corporate level, acquisition of companies that offer complementary technologies in the authentication, certification, test and measurement fields.”
Why did you join the OTCQB/go public?
Rowlands: “Over the past year we had seen an increase in trading of Eurocontrol shares on the Pink Sheets and felt that listing on the OTCQB would be beneficial for shareholders and investors in the United States. We also believe that listing on the OTCQB will provide Eurocontrol with greater exposure to US retail brokers for when we’re ready to raise additional capital to fund possible M&A transactions.”
How can members of the microcap community help you?
Rowlands: “We believe that Eurocontrol’s focus on the test and measurement space, the world class companies that we’re associated with and most importantly the innovation that we’ve undertaken and that we are currently pursuing will be of interest to many in the micro cap community. We would be pleased to hear from potential acquisition targets in the test and measurement space or for assistance in raising capital for M&A opportunities that we have sourced.”
You can connect with Bruce Rowlands – Chairman & CEO via email at: firstname.lastname@example.org
About QBie™ Spotlight:
QBie™ Spotlight is a virtual “welcome interview” for new OTCQB companies. QBie™ Spotlight helps issuers that are new to the OTCQB connect with microcap industry professionals! Learn more about the QBie™ Spotlight HERE.
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