Ekor to turn around profits by 2002

30 April 2001

Eurotech has announced that it expects Ekor to generate over $250 million annually within the next five years, and turn profitable by 2002. The encapsulating material has been tested to meet US standards and is the only product to be applied as a long-term isolation barrier of radioactive fuel at Chernobyl.

Ekor is being rolled out at US Department of Energy (DoE) sites. Eurotech’s goal in 2001 is to secure $5-$10 million contracts with these locations, as a base from which to pursue larger contracts in federal and overseas markets.

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