11:47:51 EDT Wed 01 May 2024
Enter Symbol
or Name
USA
CA



Eurocontrol Technics Group Inc
Symbol EUO
Shares Issued 89,160,738
Close 2015-07-03 C$ 0.13
Market Cap C$ 11,590,896
Recent Sedar Documents

Eurocontrol to receive European patent for Petromark

2015-07-06 08:27 ET - News Release

Mr. Bruce Rowlands reports

EUROCONTROL RECEIVES SEVENTH PROCESS PATENT

Eurocontrol Technics Group Inc., through its wholly owned subsidiary, Global Fluids International SA (GFI), has received notification from the European Patent Office that it has been granted patent 1392146 for its patent application made in June, 2002, covering a method and system for marking and determining the authenticity of hydrocarbons. The company expects final granting of the patent on July 22, 2015.

The process patent protects GFI's Petromark fuel marking technology. This is the seventh process patent Eurocontrol has been granted. The company also holds process patents for Petromark in Canada, China, India, Israel, Russia and the United States. Additional process patent applications have been submitted in other countries.

Bruce Rowlands, chairman and chief executive officer, stated: "The acceptance of this patent application by the European Patent Office marks a further milestone for Eurocontrol. Eurocontrol's innovative Petromark marking solution addresses two major problems in the oil industry -- combating the trade in illicit fuels and providing brand protection. Petromark oil marking technology is helping to generate additional tax revenue in a number of countries."

© 2024 Canjex Publishing Ltd. All rights reserved.