Commences Netafim 24 month irrigation exclusivity
Test and Measurement Innovators
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Eurocontrol’s Croptimal Commercializes its
Precision Agriculture Solution for Almond Crops
- Commences Netafim 24 month irrigation exclusivity -
Toronto, CANADA, July 12, 2017 - Eurocontrol Technics Group Inc. (TSX Venture: EUO; OTCQB: EUCTF)
(“Eurocontrol” or the “Company”), a Canadian public company specializing in the acquisition, development and
commercialization of innovative test and measurement technologies for industry with application systems focused on
the energy security, semiconductor and precision agriculture sectors, announces that its wholly -owned subsidiary
Croptimal Ltd. (“ Croptimal”) has successfully commercialized its agricultural solution in Israel and is providing its
Croptimal service for customers specializing in almond crops including to Kibbutz Sha'ar HaAmakim, a farm that has
over 200 acres of almond crops located in northern Israel where a complete solution that includes samples collection,
preparation and testing, along with final detailed analysis including agro nomic recommendations is being provided.
Further, pursuant to a 2016 agreement with Netafim, an Israeli company that is the global leader in drip and micro -
irrigation solutions for sustainable agricultural productivity, the commencement of commercialization of this almond
project has triggered the two year exclusivity rights for the irrigation sector to Netafim.
Croptimal’s mobile laboratory compris es integrated firmware units utilizing Multi-Spectral Technology (MST). The
mobile lab performs immediate spectroscopic composition analysis of nutrients in the field , offering a unique precise
agricultural service that enhances crop yields. Croptimal performs real time immediate tests and ana lysis in the field
for crops, soil and water, replacing traditional complicated methods that are typically undertaken at distant
laboratories and normally require days to weeks for results. The data collected by Croptimal is accumulated in a
Cloud-based database that will provide “big-data” for intelligent recommendations and data mining trends.
Doron Reinis, Chief Operating Officer of Eurocontrol, stated, “The Croptimal service being provided to Kibbutz Sha'ar
HaAmakim is expected to increase yields, reduce expenses and boost the revenue of the kibbutz. The almond is a
species of tree native to the Middle East, the Indian subcontinent and North Africa. World production of almonds is
over 3 million tons per year and with growing demand. This project for kibbutz Sha'ar HaAmakim will serve as a case
study enhancing the Croptimal platform as a beneficial solution to this specific market.”
Bruce Rowlands, Chairman and Chief Executive Officer, added” We are very pleased that our Croptimal technology
and service has been embraced so quickly proving that our model of “taking the laboratory to the field” to provide
actionable results is the way of the future. Croptimal’s technology and service can be applied to virtually any crop
and our team in Israel is curr ently working on tomatoes, potatoes and corn with interest expressed on numerous
other crops including marijuana.”
About Croptimal Ltd.
Croptimal is a private Israeli company formed in early 2017 and is 100% owned by Eurocontrol. The Croptimal
technology was initially developed by Xenemetrix, a leading designer, manufacturer and marketer of energy -
dispersive x-ray fluorescence (ED-XRF) systems and components . Xenemetrix is l ocated in Israel and with over 30
-2-
years experience , numerous certifications and awards, Xenemetrix continues to develop highly innovative XRF
solutions suitable for today’s ever -growing analytical challenges. Croptimal’s service developed following the need
and demand of farmers and agronomists to increase crop yields, both quality and quantity to meet the rapidly
increasing world population. Croptimal’s expert agronomists and researchers continue to innovate this state of the
art, disruptive precision agriculture technology – a mobile in-field service that provides quick, accurate analysis of
nutrients and contaminates in crops, soil and water, replacing traditional complicated methods that are typically
undertaken at distant laboratories and normally require weeks of waiting for results. The collected data is
accumulated in a Cloud-based database that will provide “ big-data” for intelligent recommendations and data mining
trends.
About Eurocontrol Technics Group Inc.
Eurocontrol is a TSX Venture and OTCQB traded company that specializes in the acquisition, de velopment and
commercialization of innovative test and measurement technologies for industry with application technologies
focused on the energy security, semiconductor and precision farming sectors based on Xenemetrix’s core
technological platform of ED -XRF. Eurocontrol has three wholly owned subsidiaries, Xenemetrix Ltd., XwinSys
Technology Development Ltd. and Croptimal Ltd. and an agreement with SICPA S.A. for semi -annual earn -out
payments of 5% (minimum $9 million ov er six years) on revenues generated from the oil and gas marking and
monitoring field relating to the sale of its former subsidiary Global Fluids International (GFI) S.A. Xenemetrix is a
leading designer, manufacturer and marketer of ED -XRF systems, a tec hnology that is the most accurate and
economic method for determining the chemical composition of many types of materials, including the analysis of
petroleum oils and fuel. Xenemetrix has an exclusive long -term supply, maintenance and support agreement w ith
SICPA to supply Xenemetrix products and services related to the oil and gas marking and monitoring field. XwinSys
has developed a patented, fully automated metrology system for the semiconductor industry that combines 2D and
3D image processing technology with Xenemetrix’s ED-XRF technology. Croptimal, is introducing a new mobile ED-
XRF spectroscopic material analysis laboratory for the precision agriculture industry that could dramatically change
agricultural testing methodology and increase crop yields.
For further information on Eurocontrol, please visit the Company's website at www.eurocontrol.ca or contact Bruce
Rowlands, Chairman and CEO at (416) 361-2809 or [email protected].
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of this release. No stock exchange, securities commission or
other regulatory authority has approved or disapproved the information contained herein.
Forward-Looking Statements: This press release contains forward -looking statements. More particularly, this press release
contains statements. Forward -looking statements a re frequently characterized by words such as "plan", "expect", "project",
"intend", "believe", anticipate", "estimate", "may", "will", "would", "potential", "proposed" and other similar words, or statements
that certain events or conditions "may" or "will " occur. The forward-looking statements are based on certain key expectations and
assumptions made by Eurocontrol. Although Eurocontrol believes that the expectations and assumptions on which the forward -
looking statements are based are reasonable, undue reliance should not be placed on the forward -looking statements because
Eurocontrol can give no assurance that they will prove to be correct. Since forward -looking statements address future events and
conditions, by their very nature they involve inherent risks and uncertainties. Actual results could differ materially from
those currently anticipated due to a number of factors and risks. In addition to other risks that may affect the forward -looking
statements in this press release are those set out in Euro control’s management discussion and analysis of the financial condition
and results of operations for the quarter ended March 31, 2017 which is available on the Corporation’s profile at www.sedar.com.
The forward-looking statements contained in this press release are made as of the date hereof and Eurocontrol undertakes no
obligation to update publicly or revise any forward -looking statements or information, whether as a result of new information,
future events or otherwise, unless so required by applicable securities laws.