Eurotech Ltd. (EUOT) (EUOT)

[lucky, mydog]

Eurotech, Ltd. Product Aids Environmental Cleanup
WASHINGTON, Sep 5, 2000 (BUSINESS WIRE) --


Offers Best Solution for Sea-Based Oil Spills


First Shipment Will Reach U.S. Customer This Month

Ten to fifteen million gallons of oil are spilled accidentally in and around the United States each year. Major spills, like the Exxon Valdez, can double that number.

Cleaning up these accidents costs more than half a billion dollars a year.

This does not include an even larger amount of oil spilled or leaked routinely by industry, or the costs associated with this routine cleanup.

The most widely used material for non-industrial oil spill cleanups is polypropylene, first introduced some 25 years ago and little changed since. Polypropylene, a thermoplastic resin, consumes energy when it is produced and, if incinerated, when it is disposed.

A new product, now being shipped to U.S. customers, offers a low-cost, environmentally safe and efficient alternative. This new product, called Sorbtech SB-1, is an organic, water repellent mineral that absorbs up to three times as much oil as other products now on the market. Because it does not take up water, it is the ideal solution for sea-based oil spills. And, both the absorbed oil and waste absorbent can be recycled.

Developed originally by scientists who emigrated to Israel from the former Soviet Union, Sorbtech SB-1 has undergone extensive laboratory testing in Israel and will soon be applied in field conditions in the U.S. The first shipment of Sorbtech SB-1 for a U.S. customer is on its way and will be delivered to Arizona-based McPhee Environmental Supply later this month.

Eurotech, Ltd., based in Washington, D.C. will market Sorbtech SB-1 in the United States and license its production here.

Eurotech is traded on the American Stock Exchange (AMEX: EUO ) and the Frankfurt Exchange. Company information can be found on www.eurotechltd.com .


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