Eurotech Successfully Completes EKOR Acceptance Testing For DOE Nuclear Waste Marketplace.

Business Editors

FAIRFAX, Va.--(BUSINESS WIRE)--Jan. 17, 2001

EUROTECH Ltd. (AMEX:EUO) announced that the first EKOR product, EKOR Sealer, has successfully passed a rigorous testing program developed both to define the properties of this unique product and to showcase its performance.

Chad Verdi, Eurotech's Chairman, stated, "With the completion of acceptance testing and the business development and engineering team now in place, Eurotech is in position to deliver on the technological promise of EKOR". Don Hahnfeldt, Eurotech's President and CEO said, "Eurotech is poised to enter the multibillion dollar US market for nuclear and environmental clean up and to move rapidly to other major markets outside the United States".

Jeff Stephen, Eurotech's Chief Operating Officer explained, "EKOR is a unique family of ultra long life products that provide significant performance benefits such as extreme resistance to radiation damage, resistance to a broad range of chemical environments and outstanding barrier properties that were previously not available. The EKOR family of products addresses a broad spectrum of applications where its multiple forms can be used as sealers, coatings, and waste encapsulation matrices, or foamed into cavities to control airborne contamination." In the coming months Eurotech will roll out the initial members of the EKOR family of products. Eurotech is currently testing and preparing to test four other forms of the EKOR product family - EKOR Coating, EKOR Grout, EKOR Matrix and EKOR Foam. The tests on US fabricated EKOR products are expected to continue confirmation of the years of product development and testing performed by Eurotech's partner the EuroAsian Physical Society.

Stephen went on to say that Eurotech developed the EKOR Materials Testing Program in coordination with leading engineering contractors to the U.S. Department of Energy (DOE). The program consisted of tests aimed at defining the properties of the revolutionary material and demonstrating the unique performance of EKOR in tests typically used by the DOE to judge a material's acceptability for project use at its facilities. All tests were performed under a nuclear-grade Quality Assurance program that meets DOE and Nuclear Regulatory Commission (NRC) requirements.

Seven different labs were used for material definition tests that included linear shrinkage/coefficient of thermal expansion, steady state heat flux, mass loss from aging, tensile strength/elongation, and water absorption. The material performance tests included chemical resistance, volatile organic content, permeability, adhesion, weathering, salt spray, ignitability, leachability, aging, compressive strength, and flame spread/smoke development.

EKOR Sealer's performance in all tests was excellent, meeting all criteria for top ranking in project application. For example, in the chemical resistance test, separate EKOR Sealer coupons were immersed for 30 days in twenty different liquid solutions ranging in pH from 0.36 to 13.84. In all cases the test coupons of EKOR Sealer coated metal plates emerged without any loss of performance, demonstrating EKOR as an extremely valuable resource for a broad range of environmental challenges to the integrity of the product.

In a unique aging test, EKOR Sealer test coupons were thermally conditioned to a simulated age of over 170 years. The conditioned coupons were tested for chemical resistance, tensile strength/elongation and adhesion. Proving EKOR Sealer's ultra long life, the aged coupons completely protected the encapsulated metal plates indicating outstanding integrity and flexibility while meeting the highest standard for coating adhesion.

EKOR Sealer is the first EKOR product form to complete acceptance testing. EKOR was developed to encapsulate and "cocoon" nuclear and environmental waste and keep it from the environment. Unlike conventional radiation-resistant geopolymers, EKOR can maintain its superior encapsulating properties for hundreds of years in a severe radiation environment.

EKOR Sealer will provide a barrier on irregular, unprepared, corroded, or even wet surfaces. One of the early significant applications for EKOR Sealer is to coat entire nuclear waste containers or to repair existing containers, tanks or drums that are leaking contaminants into the environment. EKOR Sealer's aggressive adhesion properties in combination with superior chemical resistance make it ideal for long term patching of waste containers that range in size from 55-gallon drums to million-gallon tanks.

Paul Childress, Eurotech's General Manager, Nuclear and Environmental Division stated, "EKOR Sealer's near term objective is to provide a quick, but long-term solution to the leaky containers that the DOE is managing across its complex. We now have the necessary testing and documentation to generate contracts with the DOE in the first quarter of 2001. Long term, we expect the family of EKOR products to be a significant tool used globally to prevent nuclear and hazardous waste contamination from leaching, dusting or seeping into the environment."

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 statement included in this release constitute "forward-looking statements" within the meaning of the Federal Privates 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 achievements of the company to be materially different from any future results, performance, or achievements expressed or implied in such forward-looking statements.