Eurocontrol Technics Group (TSX-V:EUO, StockForum), a Toronto-based developer of authentication, acceptance and appetite confidence technologies, announced currently that a company, by a wholly-owned subsidiary, Global Fluids International SA (“GFI”), inked a three-year understanding with a Tanzanian Energy and Water Utilities Regulatory Authority.
Eurocontrol’s new agreement tenure is to embark December, 2013.
The news release minute Eurocontrol’s contribution, “Eurocontrol’s innovative Petromark(TM) imprinting resolution addresses dual vital problems in a petroleum attention – combating a trade in unlawful petroleum fuel products and providing code insurance for vast petroleum companies.”
It explained further, “As a cost of oil has increasing substantially, such problems have turn a aloft priority for governments and corporate officials to address.”
Walid Juma, Customs Commissioner for a Tanzanian Revenue Authority, commented, “I would like to appreciate EWURA (Energy and Water Utilities Regulatory Authority) for implementing a fuel imprinting system, that has enabled us to boost oil revenues to over 100 per cent of projections.”
Juma afterwards added, “Our statistics uncover that a rate of fuel pollution has depressed appreciably.”
Gadi Gonen, boss of GFI and COO of Eurocontrol, explains a significance of a deal, “This proposal win for a new Tanzanian agreement is a outcome of a successful initial doing of a Petromark™ imprinting and monitoring complement over a past 3 years, that has almost increasing Tanzanian fuel taxes collection.”
Gonen continued, “The range and volume of a plan reflects a boost in a authorised fuel volumes present in a domestic marketplace during a initial tenure of a implementation.”
Bruce Rowlands, authority and CEO summed up, “We are gratified to have won this agreement and demeanour brazen to serve softened taxation collection by continued doing of modernized methods and record during a renovation term.”
Eurocontrol was in a news recently when the association cumulative a $250,000 extend for a wholly-owned subsidiary, XwinSys.
Shares rose 29.41% on a news to $0.11 per share.
Currently there are 94,160,738 shares superb with a marketplace top of $10.36 million.