Eurocontrol Announces New Business Collaboration with Tel Aviv University

TORONTO, ONTARIO--(Marketwired - Oct. 31, 2014) -

NOT FOR RELEASE IN THE UNITED STATES OR TO U.S. NEWS WIRE SERVICES.

Eurocontrol Technics Group Inc. (TSX VENTURE:EUO) ("Eurocontrol" or the "Company"), a Canadian public company specializing in the acquisition, development and commercialization of innovative energy security, authentication, verification and certification technologies for numerous vertical markets, is pleased to announce that it has entered into a Term Sheet agreement with Ramot at Tel Aviv University for the rights to a new patented technology focused on Nano imprinting security and authentication.

This new US-patented Nano technology was developed by Professor Jacob (Koby) Scheuer, from the School of Electrical Engineering, Tel Aviv University and focuses on Nano imprinting's unique capability for creating Nano tags for products by regular and 3D printing. This new Nano Imprinting Lithography (NIL) technology, based on a polymeric replication method combines the unprecedented resolution of state-of-the-art lithography methods with the inexpensive mass production capabilities of Nano-imprinting, to yield a highly secure yet low-cost authentication tagging solution.

"This Nano imprinting solution might override all existing tagging technologies due to its cost, accuracy and flexibility. We intend to invest in 3D printing of our tags embedded within printed products," stated Bruce Rowlands, Chairman and CEO. "This is the second business collaboration agreement Eurocontrol has signed with Ramot at Tel Aviv University this year. In September 2014, we signed a sponsored research and license agreement with Ramot for a promising new approach to fuel authentication, focusing on the University's mandate to liaise with industry to bring promising scientific discoveries to commercialization."

Shlomo Nimrodi, CEO of Ramot commented, "Ramot's objective is to bridge the gap between academics promising innovations and the ever growing need of industry for new innovations. This agreement, the second in less than six months, is a true example of how successful such collaborations can be for both sides. The technology we are discussing today is also focused on pharmaceutical and automotive industry applications where authentication is of great importance. We trust that in the capable hands of Eurocontrol such promising innovation will get to market within a reasonable time."