Eurocontrol's Subsidiary GFI Wins Major Contract With Turkey's Energy Market Regulatory Authority.TORONTO -- Eurocontrol Technics tech·nic n. 1. technics (used with a sing. or pl. verb) The theory, principles, or study of an art or a process. 2. technics (used with a pl. verb) Technical details, rules, or methods. 3. Inc. (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension VENTURE:EUO EUO Examination Under Oath EUO Easyuo (Ultima Online scripting tool) EUO Offices in Europe (International Monetary Fund) EUO Union de l'Europe Occidentale (Western European Union, WEU) ) is pleased to announce that its subsidiary - Global Fluids International SA (GFI GFI Ground Fault Interrupter GFI Go For It GFI Government-Furnished Information GFI Growing Families International GFI Goodness of Fit Indices GFI Government Financial Institutions (Philippines) GFI Gross Farm Income ) ("GFI") - has been chosen by Turkey's Energy Market Regulatory Authority Noun 1. regulatory authority - a governmental agency that regulates businesses in the public interest regulatory agency administrative body, administrative unit - a unit with administrative responsibilities ("EMRA EMRA Eastern Motor Racing Association EMRA Edmonton Motorcycle Roadracing Association EMRA East Midlands Regional Assembly EMRA Emergency Medicine Residents' Association EMRA Edmonton Model Railroad Association (Canada) ") to mark the country's national fuel and diesel supply over a 2 year contract with a 1 year option extension. Gross revenues to GFI over 2 years will likely exceed US$25 million based upon Turkey's national fuel flow designated to be marked for this contract. Final terms of this contract with GFI will be negotiated and completed over the next few weeks, after verifying all technical and legal aspects of the project. GFI was chosen from 6 companies that have been competing for this tender. Commenting upon Turkey's EMRA announcement of the contract win, Eurocontrol's President Gadi Gonen stated: "We are very excited about this significant contractual win by GFI. This affirms that GFI is distinguishing itself with its proprietary marking system - Petromark(TM) - to assist companies and national fuel regulatory authorities in tracking their fuel supply." The Petromark(TM) 4-part integral system addresses two major problems in the oil industry: combating illicit fuels (stolen or adulterated a·dul·ter·ate tr.v. a·dul·ter·at·ed, a·dul·ter·at·ing, a·dul·ter·ates To make impure by adding extraneous, improper, or inferior ingredients. adj. 1. Spurious; adulterated. 2. Adulterous. ), and brand protection (preventing mixing of non-brand fuels). Eurocontrol's President Gadi Gonen further added: "We are very pleased with the awarding of this tender to GFI, which is the first large open national marker tender for next-generation markers. This project will position GFI at the forefront of the industry and will create many opportunities in other jurisdictions and with other companies." About Global Fluids International (www.gfi-petromark.com) Founded in 2001, Global Fluids International S.A ("GFI") is one of the world's pioneers in developing and implementing innovative marking systems for the oil industry. Through its proprietary Petromark(TM) integral system, GFI has developed a 4-part solution consisting of a marker, injection, monitoring and control components. GFI's innovative solutions include various proprietary components that meet the needs of petrol distributors globally. GFI has offices in Austria, Israel, Mexico and the US, and its R&D center is based in Israel. About Eurocontrol Technics Inc. Eurocontrol Technics Inc. is a Canadian-based company trading on the TSX Venture Exchange TSX Venture Exchange Originally called the Canadian Venture Exchange (CDNX), this was a result of the merger of the Vancouver and Alberta stock exchanges. The goal of TSX Venture Exchange is to provide venture companies with effective access to capital while protecting investors. under the symbol "EUO" and is currently earning into a 51% interest in GFI. THE TSX VENTURE EXCHANGE DOES NOT ACCEPT RESPONSIBILITY FOR THE AD EQUACY OR ACCURACY OF THIS RELEASE. Eurocontrol Technics Inc. (TSX VENTURE:EUO) |
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