EUROTECH Begins Manufacturing EKOR in USA; Eurotech Sends EKOR to Approved Labs for Performance Tests and Teams With Florida International University.

Business Editors

FAIRFAX, Va.--(BUSINESS WIRE)--Nov. 9, 2000

EUROTECH, Ltd. (AMEX: EUO) announced today that the company's manufacturing partner, NuSil Technologies, has begun producing EKOR, a revolutionary geopolymer composite used to "cocoon" nuclear waste and prevent radioactive contaminants from dusting or seeping into the environment.

California-based NuSil has been shipping test coupons to test facilities that meet Department of Energy (DOE) standards for acceptance testing. Eurotech expects these tests to confirm the successful results achieved in years of development with Eurotech's partner Euro Asian Physical Society (EAPS). Eurotech also announced today its teaming agreement with Florida International University (FIU) to develop the protocol for using EKOR at nuclear waste sites in the United States.

EKOR's properties allow it to be used in a broad spectrum of nuclear and hazardous waste applications. Unlike other products used to isolate and contain nuclear waste, EKOR does not degrade even after long term exposure to radiation and can withstand extreme physical, chemical and biological assaults on its structural integrity. Non-toxic and safe to use, EKOR is also fire and heat resistant. By forming an impervious barrier to water, EKOR prevents contaminated materials from leaching into the air or groundwater.

NuSil is sending test coupons of EKOR to six test facilities that meet nuclear quality standards, and to date, all results are positive. EKOR has already undergone extensive testing at the both Kurchartov Institute and at EAPS in Russia, and the labs are now running similar tests on the NuSil samples to comply with US regulatory requirements.

Eurotech expects the testing for the primary coating form of EKOR to be completed on schedule this year. The company will commence project work at selected DOE sites in the first quarter of 2001. NuSil, an ISO 9001 certified manufacturer, recently passed a NQA-1 audit required for producing materials for use in DOE and commercial nuclear facilities.

Now that EKOR is being successfully produced in the United States, Eurotech has contracted with The Hemispheric Center for Environmental Technology (HCET) at FIU to begin application development and training certification. HCET is an organization funded by the DOE and other government agencies to facilitate technology development. HCET will work in conjunction with engineers from Eurotech to ensure that the equipment specifications and application procedures for EKOR's use within the United States are consistent with both proven experience in Russia and standard US nuclear practice.

"These developments put us in position to apply EKOR in the first quarter of 2001 and begin generating revenue," said Jeff Stephen, Eurotech's Chief Operating Officer. "We are in the process of adding business development staffing, and finalizing partnerships to bring EKOR to market globally."

EUROTECH, Ltd. (AMEX: EUO) works with scientists and research institutes in Russia, Israel and other countries to develop and commercialize innovative technologies that have widespread or critical application. For more information, visit www.eurotechltd.com on the Internet.

Certain information and statements included in this press release constitute "forward looking statements" within the meaning of the Federal Private Securities 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 achievement of the Company to be materially different from any future results, performance, or achievements expressed or implied in such forward-looking statements.