Chernobyl Shelter Project Reports Performance of EUROTECH's EKOR in Isolation of Fuel Containing Mass at 1986 Nuclear Accident Site.Business Editors/Hi-Tech Writers WASHINGTON--(BUSINESS WIRE)--May 23, 2000 EUROTECH, Ltd (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :EURO) - announced the progress report from the Chernobyl Shelter Project on the excellent performance of EKOR after its application on the fuel containing mass. The radiation-resistant EKOR was applied during the third week in March on the most critical pile of fuel under the nuclear reactor that failed over fourteen years ago near Kiev, Ukraine. EKOR is maintaining an isolation coating and seal of the pile, preventing further dusting and leaching of contamination to the environment. In his letter report to Eurotech, The Shelter Project Director, V.I. Kupney, said that after only two months EKOR has already exceeded the longevity longevity (lŏnjĕv`ĭtē), term denoting the length or duration of the life of an animal or plant, often used to indicate an unusually long life. of all previously applied materials Applied Materials, Inc. NASDAQ: AMAT (HKSE: 4336 ) is the global leader in nanomanufacturing technology solutions with a broad portfolio of innovative equipment, service and software products for the fabrication of semiconductor chips, flat panel solar displays, solar , which degraded de·grad·ed adj. 1. Reduced in rank, dignity, or esteem. 2. Having been corrupted or depraved. 3. Having been reduced in quality or value. rapidly in the severe radiation environment and lost isolation effectiveness. The EKOR-encapsulated fuel pile has radiation readings in the range of 1000 rads on contact. EKOR has been laboratory tested to an accumulated dose of 10 gigarads without loss of physical properties. The EKOR application was performed under a joint agreement between EUROTECH, Ltd. and Chernobyl Shelter Project. The EKOR isolation cover on the fuel pile was designed in cooperation with engineers responsible for the long-term isolation and extraction of the fuel from the Chernobyl sarcophagus sarcophagus (särkŏf`əgəs) [Gr.,=flesh-eater], name given by the Greeks to a special marble found in Asia Minor, near the territory of ancient Troy, and used in caskets. . EKOR is a desirable material for both the long-term isolation and future extraction of radioactive fuel - a method using highly corrosive corrosive /cor·ro·sive/ (kor-o´siv) producing gradual destruction, as of a metal by electrochemical reaction or of the tissues by the action of a strong acid or alkali; an agent that so acts. materials - from which EKOR is also resistant and will maintain its encapsulating properties. EKOR was created after the 1986 nuclear accident at Chernobyl to be applied in remediation of the highly radioactive debris throughout the accident area. The first application was to the most critical fuel mass to demonstrate EKOR's ability to perform under the most severe environment. Eurotech is marketing EKOR as the answer to nuclear waste managers' problems in containment, transportation, storage and disposal of nuclear waste. EUROTECH Ltd is a diversified technology holding company formed to capitalize on Cap´i`tal`ize on` v. t. 1. To turn (an opportunity) to one's advantage; to take advantage of (a situation); to profit from; as, to capitalize on an opponent's mistakes s>. business opportunities through the acquisition and commercialization of advanced technologies developed by prominent research institutes and individual researchers worldwide. Information about EUROTECH, Ltd. and its technologies may be viewed on the Company website: http://www.eurotechltd.com. Certain information and statement included in this release constitute "forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. " within the meaning of the Federal Privates Securities Litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called 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. |
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