Amaro (UD), 6 April 2006.
Eurotech communicates that the Group signed with the State-owned Chinese company Shaanxi Baocheng Aviation Instrument Co.Ltd. an agreement for the development and production of NanoPCs. Eurotech Pcs will be the components of black boxes on board the international fleet of cargo vessels.
The "contract" that will be formalized in the next few weeks, includes the consignment of the first prototypes in the First Half of 2006. The total order, covering a 4 year period has a total value of approximately euro 2 million.
Roberto Siagri, President and C.E.O. of Eurotech stated: "the Chinese market represents a great opportunity for those companies, such as Eurotech, operating in the high technology sector, for this reason we believe that this agreement could be considered as the first step of an important project of development of our Group in Asia".