Energy authentication and security company Eurocontrol expanding in India TORONTO, Canada: Ubika Research has released a research update on the recent announcement that Eurocontrol’s (TSX VENTURE: EUO) (CVE: EUO) subsidiary is expanding in the Indian market. The research bulletin is titled “Eurocontrol’s Subsidiary Xenemetrix Inc Expanding In Fast Growing Indian Market”.
Eurocontrol Technics Inc (TSX VENTURE: EUO) (CVE: EUO) is a leader in fuel marking, authentication and energy security technologies. Xenemetrix Inc is a wholly owned subsidiary of Eurocontrol and has an installed base of approximately 850 systems worldwide, of which 290 are installed in the USA. Xenemetrix was awarded Frost & Sullivan's "Global Product Line Strategy of the Year Award in EDXRF Analyzers Market" for the year 2010. Xenemetrix also manufactures the downstream detection equipment to detect the petroleum fuel marker that is manufactured and marketed by EUO’s other wholly owned subsidiary, GFI International.
Ubika Research has estimated that the market potential for Eurocontrol is fairly large and range from US$900 million to US$1.8 billion.
There are only a very few technology companies leveraging their Intellectual Property to service the energy market. Some of the technology or service provider companies catering to the energy market include: Pason Systems Inc (TSX: PSI) (TSE: PSI), ProSep Inc (TSX: PRP) (TSE: PRP) and GenOil Inc (TSX VENTURE: GNO) (CVE: GNO) among others.
About Ubika Research Ubika Research is an investment research and capital market services firm based in Toronto and Vancouver. It provides comprehensive research, communication and capital market exposure program to highlight the investment potential in micro and small cap companies. For more information visit www.ubikaresearch.com
Disclosure
Ubika Research has received compensation from Eurocontrol Technics Inc to provide analyst research coverage
Except for the historical information presented herein, matters discussed in this document contain forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements.
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For additional information contact: Vishy Karamadam, Managing Director Email: vishy@ubikacorp.com Phone: 647-352-0666
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