EUROTECH, Ltd. at Final Stage of EKOR Application in Chernobyl/Adds CFO and Executive VP.Business Editors WASHINGTON--(BUSINESS WIRE)--Feb. 9, 2000 EUROTECH Ltd. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). : BB:EURO) announced today the that testing of equipment and material on a mockup mock·up also mock-up n. 1. A usually full-sized scale model of a structure, used for demonstration, study, or testing. 2. A layout of printed matter. of the failed reactor site has been satisfactorily completed in Moscow, and the transition to the accident site in Chernobyl is in progress. At the request of Chernobyl's Shelter Project management, EUROTECH's aggressive schedule to make the first application several weeks ago into the high radiation area below the failed reactor, was adjusted to incorporate the use of robotics and do an application of EKOR on a mock pile of fuel-containing mass. A simulated accident site was recreated at the Kurchatov Institute The Kurchatov Institute (Russian: Роcсийский научный центр where the inventors of the radiation-resistant EKOR from the EuroAsian Physical Society, Chernobyl Shelter Project and robotics engineers, configured pumps and delivery equipment to perform the task required in the Ukraine. The pumps were retrofitted with special intakes and long delivery hoses to pump the honey-like EKOR from a safe distance into a simulated high radiation area. The coating of EKOR satisfactorily sealed the irregular pile of lava-like mass, just as it will isolate the mass containing a half-ton of radioactive fuel in the first application of a long-term, radiation-resistant material since the nuclear accident of April, 1986. EUROTECH and The Shelter Project are very pleased with the test performance. The initial application will include two basic applications of EKOR. In low radiation areas, EKOR foam will be used to demonstrate application methods of radioactive dust suppression on dry and wet surfaces. In a high radiation area, EKOR film will encapsulate en·cap·su·late v. 1. To form a capsule or sheath around. 2. To become encapsulated. en·cap a fuel-containing mass with the use of robotics inside the 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. . Photos of the actual pile and diagrams the application sites are may be viewed on EUROTECH's website http://www.eurotechltd.com. Upon completion of the initial application, the Project partners will be available for briefs, interviews, and joint announcements, currently being prepared. EKOR is the radiation-resistant material created for containment of the radioactive debris and fuel-containing mass resulting from the failed reactor at Chernobyl. EKOR, which has been test to 10 gigarads without degradation of properties, can contain the radioactive material radioactive material Radiation A substance that contains unstable–radioactive–atoms that give off radiation as they decay. See Radioactive decay. for centuries. Its excellent adhesion, fire-resistant, and waterproofing properties are ideally suited to incorporate into nuclear waste management systems for which EUROTECH is aggressively marketing EKOR. Jon W. Dowie, CPA (Computer Press Association, Landing, NJ) An earlier membership organization founded in 1983 that promoted excellence in computer journalism. Its annual awards honored outstanding examples in print, broadcast and electronic media. The CPA disbanded in 2000. , CGFM CGFM Certified Government Financial Manager was appointed as EUROTECH's Chief Financial Officer. He was formerly the Vice President and CFO See Chief Financial Officer. for Research Planning Inc. He was Corporate Compliance Officer for Cincinnati Bell Cincinnati Bell is the dominant telephone company for Cincinnati, Ohio and its nearby suburbs in Ohio, Indiana and Kentucky. The parent company is named Cincinnati Bell Inc. Info Systems, Ltd., and VP of Finance/Controller for Federal Information Technologies, Inc., EUROTECH's president, Don Hahnfeldt, said Dowie's background in high tech company finance adds strength to the management team, which is currently bringing breakthrough technologies to market such as EKOR and non-isocyanate polyurethane NIPU. Mr. Dowie will assist EUROTECH internally in establishing sound fiscal management practices as the company moves into its operations phase of development while externally providing corporate liaison to the financial community. Dr. Randolph A. Graves, Jr. was appointed Executive Vice President, bringing over thirty-five years of technology and business related experience in technology research, development, transfer, application and marketing. Dr. Graves, a former CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of EUROTECH and current member of the Board of Directors, will be devoting his full-time efforts to furthering the Company's technology and business goals, With Dr. Grave's technology management experience and full-time commitment, EUROTECH will have the additional needed skills to accelerate the commercialization of the technology portfolios, said Chad Verdi, EUROTECH's Chairman. EUROTECH Ltd. is a diversified technology holding company formed to capitalize on business opportunities through the acquisition and commercialization of advanced technologies developed by prominent research institutes and individual researchers worldwide. |
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