KRHL Confirms Department of Energy Requests Eurotech, Ltd. Demonstrate Radioactive-Resistant EKOR at Hanford.Business Editors BERLIN--(BUSINESS WIRE)--February 17, 2000 Kurchatov Research Holdings, Ltd (OTCBB OTCBB See OTC Bulletin Board (OTCBB). : KRHL) has been notified that Eurotech, Ltd. (OTCBB: EURO) has been asked to demonstrate EKOR at Hanford in Washington State by the U.S. Department of Energy. In a news release issued by Eurotech, Ltd. (OTCBB: EURO), Eurotech announced that the Department of Energy Richland Operations Office stated in a recent letter, &uot;Due to requests from both the U.S. Department of Energy, Richland Operations Office technical staff and Hanford Site The Hanford Site is a facility of the government of the United States established to provide plutonium necessary for the development of nuclear weapons. It was established in 1943 as the Hanford Engineer Works, part of the Manhattan Project, and codenamed "Site W. contractors, RL invites EUROTECH, Ltd. to conduct a demonstration of the product EKOR...at the Volpentest HAMMER Training Facility (Hanford)...The demonstrations are tentatively scheduled for the end of March 2000, provided that Eurotech, scientists have completed their current containment containment Strategic U.S. foreign policy of the late 1940s and early 1950s intended to check the expansionist designs of the Soviet Union through economic, military, diplomatic, and political means. It was conceived by George Kennan soon after World War II. project in Chernobyl. It is RL's understanding that several contractors at Hanford Site have suggested specific demonstrations for areas where it is possible that EKOR may be utilized...RL will also invite technical staff from other DOE facilities who have expressed an interest in attending the presentations.&uot; This recent development is significant to Kurchatov Research Holdings, Ltd. as KRH KRH The King's Royal Hussars (a British Regiment) is to receive 2% of the gross revenue as an overriding (programming) overriding - Redefining in a child class a method or function member defined in a parent class. Not to be confused with "overloading". royalty on any revenues derived from EKOR by Eurotech, Ltd. KRH feels that Eurotech, Ltd. is progressing rapidly in their efforts to generate significant revenues from EKOR. KRH looks forward to continued developments that may be made public in the near term. KRH is a diversified diversified (di·verˑ·s technology holding company organized to identify, assess, acquire and commercialize technologies developed by scientists, engineers and research institutes worldwide. Certain statements in this news release may constitute &uot;forward looking&uot; statements within the meaning of Section 21E of the Securities Exchange Act of 1934. Such 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. involve risks, uncertainties, and other factors, which may cause the actual results, performance, or achievement expressed or implied by such forward-looking statements to differ. |
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