EUROTECH Remarks On 'Nuclear Summer' Time Magazine Article

ARCHIVED 2002–2016: Originally distributed via the eWire press wire service. Preserved as historical record.

SUBSCRIBE/UNSUBSCRIBE |

Conservation & Wildlife

Corporate Responsibility

Science & Technology

Syndication Partners

**************************************************************************

E-WIRE PRESS RELEASE E-WIRE PRESS RELEASE E-WIRE PRESS RELEASE

**************************************************************************

For Immediate Release

EUROTECH Remarks On 'Nuclear Summer' Time Magazine Article

Company's EKOR applications were successfully applied at Chernobyl's reactor accident site

WASHINGTON, DISTRICT OF COLUMBIA, Jun. 5 -/E-Wire/-- EUROTECH, Ltd., (AMEX:EUO), focused on Nuclear Waste and Environmental Solutions for the 21st Century, announced

today that its revolutionary encapsulant EKOR(TM) can solve some of the greatest

nuclear waste problems on earth.

EKOR(TM)'s use in storing, containing, transporting, and disposal should go a long

way to solving the "not in my backyard' issue."-CEO Don Hahnfeldt.

The radiation-resistant EKOR(TM) is fireproof and waterproof, with superior adhesion

properties. EKOR(TM) was created specifically for the cleanup and containment problems

at the Chernobyl reactor accident site, and has wide application to uses in the

nuclear industry. At a recent United Nations Conference, Ukrainian Deputy Director of

the Chernobyl Shelter Project, Artur Korneev, presented information about EKOR(TM)'s

success in encapsulating critical fuel masses inside Chernobyl's sarcophagus in March

2000, and EKOR(TM)'s potential applications in nuclear waste management worldwide.

"The results are positive after only one year and EKOR(TM) is performing perfectly.

EKOR(TM) is the only material the Shelter could use for these applications that is not

corroded in the chemical and radioactive environment. Test reports indicate that the

EKOR(TM) encapsulated radioactive debris will remain fixed in place for more than 400

In a Time Magazine article published Tuesday May 29th, author Daniel Eisenberg wrote:

Three Mile Island. Chernobyl. And don't forget The China Syndrome. With their long,

notorious track records of burning money and spewing toxic waste, it's hard to imagine

that nuclear power plants could ever again be hot properties. But in Vernon, Vt., some

of the nation's largest energy companies are battling to gobble one up. The Vermont

Yankee plant, a 28-year-old nuclear war-horse, has become the target of a bidding war.

With the price of oil and natural gas escalating, concerns about global warming

rising and electricity markets deregulating, these onetime white elephants are

starting to look more like cash cows. The Vermont battle, in fact, is just the latest

stop on an industrywide shopping spree that is fueling a nuclear resurgence. By the

end of the decade, new nuclear power plants could be sprouting up right here at home:

the Nuclear Regulatory Commission (NRC) has already approved the next generation of

supposedly cheaper, safer plant designs.

The Administration's proposal to reexamine nuclear recycling makes watchdogs even

more nervous. Such reprocessing aims to reduce waste by separating plutonium from

spent uranium fuel and reusing it as a power source. But this practice hasn't been

done in the U.S. since the 1970s, and opponents say it could help put bomb-grade

plutonium in the wrong hands.

Even the improvements that the industry never tires of trumpeting - more efficient,

longer-running plants - do little to comfort anti-nuclear activists. "They're running

these reactors hotter and longer,' says Paul Gunter of the Nuclear Information and

Resource Service. Last year the Indian Point 2 plant, part of a trio of upstate New

York reactors Entergy recently bought for around $1 billion, was temporarily closed

down after radioactive water leaked from a ruptured steam tube. Just as the plants are

getting older and more prone to problems, critics assert, the NRC is letting operators

To read the entire story visit: http://www.time.com/time/personal/article/

0,9171,1101010528-127263,00.html (Due to the length of this URL, it may be necessary

to copy and paste this hyperlink into your Internet browser's URL address field.)

Certain information and statement included in this release constitute

"forward-looking statements' within the meaning of the Federal Privates 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 achievements of the company to be materially different from any future

results, performance, or achievements expressed or implied in such forward-looking

http://www.time.com/time/personal/article

**************************************************************************

To Transmit Your News Over E-Wire, visit http://www.ewire.com or

call 1-[REDACTED-PHONE]. E-Wire Is Broadcast To Millions Of Readers Worldwide

**************************************************************************