Columbia, MD, October 2, 2008
– Eurotech Inc, US-based subsidiary of Eurotech Spa, today announces a new strategic focus on the transportation industry. Eurotech Inc assumes responsibility for the US transportation market and assimilates all the experience accumulated so far by its sister subsidiary, Parvus. The transition allows Eurotech Inc to place a strategic focus on the transportation market, while Parvus enhances the focus on its core markets, defense and homeland security.
“With this transition of the transportation market products and responsibility from Parvus to Eurotech Inc, both organizations will make the more cost-effective use of resources to serve important and growing markets” explains Greg Nicoloso, CEO of Eurotech Inc. “Eurotech Inc, with many existing transportation customers, now sharpens its focus on this market, and will leverage existing relationships with transportation authorities, dealers, and installers to expand this segment and meet the needs of forward-thinking agencies and suppliers.”
“Both Parvus and Eurotech Inc have a strong customer list in the transportation industry, and we are looking forward to Eurotech Inc presenting innovative product offerings to that growing list” says Les Goodman, President of Parvus. “As Eurotech Inc hones in on transportation, Parvus continues to succeed in the defense and homeland security industries with a spotlight on the unique opportunities in these areas.”
Eurotech Inc’s new comprehensive portfolio of solutions includes off the shelf and custom, architected systems for internet access, fleet management, passenger counting, video surveillance, and controller applications for fleet and rail systems. Leading systems such as RiderNet, DuraMAR and DuraCOR are tangible examples of what can be provided to customers in the transportation industry.
Eurotech Inc’s enhanced strategic focus on the transportation industry fits perfectly with the historical presence of the corporate parent, Eurotech Spa, in that market segment. In fact, Eurotech as a Group has a vast experience in the transportation market across Europe as well, with ruggedized systems for communications, control, and real time tracking of rail and vehicle assets. In a sort of virtuous cycle, Eurotech Inc will both benefit from and contribute to Eurotech brand reputation in the transportation industry worldwide.
THE EUROTECH GROUP
Eurotech (ETH.MI) is a company active in the research, development, production and marketing of miniaturised computers (NanoPCs) and of computers featuring high-performance computing capability (HPCs).
Cristiana Della Zonca