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EUROTECH, Ltd. Announces New Explosives Screening Portal Product

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jmhollen   Thursday, 01/24/02 04:21:02 PM
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EUROTECH, Ltd. Announces New Explosives Screening Portal Product Development to Enhance Security

FAIRFAX, Va., Jan 24, 2002 (BUSINESS WIRE) -- EUROTECH, Ltd., (AMEX: EUO),
reported that development of an explosives screening portal product based on its
proprietary Acoustic Core(TM) technology is currently in progress.

The new screening portal is intended to combine the functions of metal detection
and explosives detection into a single product. The device is expected to look
and function very similarly to existing airport metal detector portals commonly
used throughout the world, but it will have the added capability of screening
for explosives.

The product will be designed to work at the same rate of speed of existing metal
detectors allowing free flow of passenger traffic.

The Company is currently in various stages of discussion with established
security industry companies regarding Acoustic Core(TM) technology as part of an
overall strategy to achieve market penetration through strategic alliances.

The screening device will provide computerized automatic screening of humans,
their clothing and footwear, for metal and explosive devices. The technology is
ideally suited for primary screening applications where humans require screening
and high rates of traffic require automated computer controlled detection.

The portal's proprietary Acoustic Core(TM) spectral analysis package
quantitatively analyzes technology acoustic properties of screened objects,
which produce an acoustic fingerprint.

This acoustic fingerprint based on the material spectral acoustic properties of
impedance, sound velocity and absorption will allow a computer to be programmed
to automatically detect illicit materials such as plastic explosives.

Transmitting a short wide bandwidth burst of acoustic energy; receiving the
returned acoustic energy and processing the returned acoustic energy utilizing
tools obtain the acoustic fingerprint. The product development is expected to
take about six months to complete. The expectation is that the prototype will
exhibit characteristics, which allow the product to obtain FAA certification.

The publication Aviation Security International (October 2000 Edition) stated,
"In the same way that access control systems (biometrics and card) can now be
integrated with metal detection to facilitate the movement of staff into
restricted areas, so too the aim must now be for the manufacturers of metal
detection and explosive detection and passenger X-ray technologies to continue
to work tighter to develop fully integrated screening portals that combine the
different detection methodologies."

In addition to this self-funded product development, the Company submitted four
other proposals to the Department of Defense, all focused on primary screening
applications for illicit materials such as explosives, biohazards and nuclear
radioactive compounds.

For additional information about Eurotech and its technologies visit the Company
website www.eurotechltd.com.

For More Information Contact Dawn Van Zant at dvanzant@investorideas.com or call
Toll Free 800/665-0411.

ECON Investor Relations, Inc.
Dawn Van Zant, 800/665-0411

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