Eurotech Announces First EKOR Contracts in the Nuclear Waste Industry

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FOR IMMEDIATE RELEASE:

Eurotech Announces First EKOR Contracts in the Nuclear Waste Industry

VIRGINIA, FAIRFAX,, Mar. 30 -/E-Wire/-- Fairfax, VA. March 30, 2001 - Eurotech Ltd., (AMEX:EUO) announced today that they have reached a significant corporate milestone, securing the first two contracts for its leading product, the radiation-resistant EKOR family of silicone geocomposites. The sales are the result of recent marketing including industry presentations and demonstrations, which highlight the broad spectrum of applications for EKOR products. The customer's objective in the first contract is to evaluate the performance of EKOR Matrix, mixed with low-level radioactive waste to create a waste form suitable for disposal. The second contract is for EKOR Sealer where the customer's objective is to evaluate EKOR's performance in preventing the migration of radioactive contaminants on equipment used in the production of radioactive materials.

The Company's penetration into the nuclear waste management market with the EKOR line of products will be established in stages through a series of scaled applications, ranging from proof of principle demonstrations to small projects and then larger projects as each application is proven in the field. The Company's strategy is to build long-term market penetration and credibility through product performance and successful application.

EKOR is a unique family of ultra long life products that provide significant performance benefits such as extreme resistance to radiation damage, resistance to a broad range of chemical environments and outstanding barrier properties that were previously not available. The EKOR family of products addresses a broad spectrum of applications where its multiple forms can be used as sealers, coatings, and waste encapsulation matrices, or foamed into cavities to control airborne contamination. Current forms of the product family include EKOR Sealer, EKOR Coating, EKOR Grout, EKOR Matrix and EKOR Foam.

"While the initial EKOR sales will demonstrate proof of principle and have modest dollar values, these early sales are important milestones, as they represent necessary steps to full deployment of EKOR at Department of Energy sites", stated Don Hahnfeldt, Eurotech's CEO and President. Hahnfeldt went on to say, "More importantly, our recent activity over the last month including the variety of EKOR product presentations made to key waste management contractors, represents the groundwork for future growth and sales. Examples include field presentations of EKOR Matrix and EKOR Sealer at multiple sites. EKOR is following required industry protocol to prove the product and application effectiveness."

"Once we have a few on-site applications, we can build on that momentum and success. We expect several more contracts to follow shortly." said Paul Childress, General Manager, Nuclear Environmental Division.

EUROTECH, Ltd. (AMEX:EUO) works with scientists and research institutes in Russia, Israel and other countries to develop and commercialize innovative technologies that have widespread or critical application. For photographs of EKOR applications inside Chernobyl's sarcophagus and additional information about Eurotech and its technologies visit http://www.eurotechltd.com.

Certain information and statements included in this press release constitute "forward looking statements" within the meaning of the Federal Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause the actual results, performance, or achievement of the Company to be materially different from any future results, performance, or achievements expressed or implied in such forward-looking statements.

For More Information Contact Dawn Van Zant at [REDACTED-EMAIL] or Call Toll Free 1-[REDACTED-PHONE]

For More Information Contact Dawn Van Zant at [REDACTED-EMAIL] or

Call Toll Free 1-[REDACTED-PHONE]

http://www.eurotechltd.com

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