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 it has closed the previously announced acquisition of all of the issued and outstanding common and preferred shares of XwinSys Ltd. ("XwinSys") for consideration of five million common shares of Eurocontrol. XwinSys is a private company located in Israel that develops, manufactures and sells inspection systems for the semiconductor industry. The common shares of Eurocontrol issued will be subject to a regulatory hold period of four months and one day.
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.
“This new technology partnership will allow Eurocontrol access to new market opportunities in the semiconductor industry. It also represents the further diversification of the Company’s platform through a project outside the oil industry,” commented Mr. Bruce Rowlands, President and CEO of Eurocontrol. “The combination of our existing XRF technology, from our Xenemetrix unit, with new image processing technology from Brossh will provide a new platform for growth in the authentication, verification and certification markets,” added Mr. Rowlands.
“XwinSys has identified a niche within the semiconductor industry, review stations, which is an estimated multi-billion dollar industry,” said Mr. Michael Geffen, CEO of XwinSys. “Xenemetrix and Brossh came together to form XwinSys. Xenemetrix specializes in materials analysis with X-Ray machines and Brossh specializes in 2D and 3D image processing. Brossh’s expertise is in laser triangulation, chromatic con focal and LINNIK Interferometers,” added Mr. Geffen.
Mr. Geffen was one of the leaders in bringing 2D and 3D imaging to the semiconductor industry. In 2001, he founded Brossh and prior to this he founded a number of other technology companies. In 1997 he founded Inspectech, which brought the first backend 2D and 3D system to the semiconductor market. Inspectech was sold to Camteck in 2001. In 1986 Mr. Geffen, 2 together with a group of engineers, established the Israeli branch of KLA-Tencor. He was the head of the algorithm development team. KLA-Tencor built a $500 million dollar business, also in the semiconductors industry.