Advanet Inc. invests in contactless testing for displays and solar cells

Amaro (Italy), August 8, 2009 Eurotech announces that its Japanese subsidiary Advanet Inc. participated to the creation of a company in Japan named Union Arrow Technologies Inc. (UAT), taking 40% of the shareholding with an investment of Yen 32 million, equal to about Euro 235 thousand.
This new company will perform design and marketing of contactless testing equipments for Flat Panel Displays, OLED Displays and solar cells.
Straight after its establishment, UAT has acquired a business unit from the Japanese listed company Tokyo Cathode Laboratory Co. Ltd. plus some licenses and patents from the Japanese company OHT Inc.: by means of these transactions UAT intends to combine both the technological base and the business areas of the two companies, in order to aim with a fables business model to become a significant player in the niche sector of contactless testing equipments from 2010 on.

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