Eurocontrol Technics Group Inc., a Canadian public company specializing in the acquisition, development and commercialization of innovative energy security, authentication, verification, certification technologies, is pleased to announce that it has agreed to acquire all of the issued and outstanding common and preferred shares of XwinSys Ltd. ("XwinSys") for consideration of five million Eurocontrol common shares. XwinSys is a private company located in Israel that develops, manufactures and sells inspection systems for the semiconductor industry. The acquisition is subject to customary conditions including satisfactory completion of due diligence review and approval of the TSX Venture Exchange.
XwinSys is currently developing intellectual property that will combine 2D and 3D image processing technology, from Brossh Inspection Systems Ltd. of Israel, with Eurocontrol’s subsidiary Xenemetrix Ltd’s (“Xenemetrix”) Energy-Dispersive X-ray Fluorescence (“EDXRF”) technology. The 2D and 3D imaging will be used for surface scanning of wafers and electronic boards used in semiconductors, while the EDXRF technology will be used for elemental analysis of the materials that comprise the wafers and electronic boards.
“XwinSys is expected to bring to the semiconductor industry a new and truly unique approach to handling review stations for the industry,” commented Mr. Bruce Rowlands, President and CEO of Eurocontrol. “Combining technologies as well as identifying new applications for existing technologies will expose Eurocontrol, through XwinSys, to the semiconductor industry and should further diversify our platform of authentication, verification and certification technologies.” added Mr. Rowlands.
“The opportunity to cooperate with Eurocontrol Technics Group and their Xenemetrix unit to merge their X-ray technology with Brossh’s unique 2D and 3D image processing has the potential to revolutionize the semiconductor equipment industry,” added Mr. Michael Geffen, CEO, Brossh Inspection Systems.
XwinSys is targeting a market of more than US$2 billion a year for the review stations market in the semiconductor industry. Xwinsys evolved from cooperation between Xenemetrix, a company based in Israel and specializing in materials analysis with X-Ray machines and Brossh, a 2 company specializing in 2D and 3D image processing. Brrosh’s expertise is in laser triangulation, chromatic con focal and LINNIK interferometers.