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Eurocontrol Technics Ord EUCTF

"Eurocontrol Technics Group Inc is a Canada-based company involved in acquisition, development, and commercialization of security, authentication, verification and certification markets. The company through its subsidiaries is engaged in designing, manufacturing, marketing of energy-dispersive X-ray fluorescence (ED-XRF) systems, and developing technology and property that combines two-dimensional (2D) and three-dimensional (3D) image processing technology respectively."


OTCPK:EUCTF - Post by User

Post by kidl2on Mar 21, 2016 12:58pm
131 Views
Post# 24683940

Accutrace (Zen) & EU Tender Value

Accutrace (Zen) & EU Tender ValueZen: Thanks for clearing up the technical aspect.
 
You are mentioning in your post that Ireland is using 49 GC-MS equipped vehicles to run the program.
I wonder if we can use this number to extrapolate the potential value of the EU tender ... ???
 
Ireland’s population: ~4.6 Mil
U.K. population: 64.4 Mil
 
EU population: 508 Mil.
Excluding U.K. & Ireland: 439 Mil
 
Let's use $75,000 operating cost per vehicle per year based on one employee per vehicle. Reasonable?
 
This would put the Irish monitoring portion cost of the Irish program at $3,675,000.
With Ireland representing roughly 1% of the EU population (excluding the U.K.), this would put the EU contract value into the $350 Mil range excluding injection cost (labour + equipment) and the actual cost of the marker.
 
Using this number, the program would cost around 10% of the roughly $4 Bil in annual tax losses due to fuel adulteration / smuggling.
https://www.bloomberg.com/news/articles/2013-08-26/fuel-smugglers-costing-europe-more-than-4-billion-in-lost-taxes
 
Reasonable estimate?

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