Eurocontrol Technics Ord EUCTF

Technology Computer Systems

"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."

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Eurocontrol Technics Ord > Bruceforever, are you saying SICPA did not...

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Comment by Bruceforeveron Feb 18, 2017 4:39am

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Post# 25864911

RE:RE:RE:Bruceforever, are you saying SICPA did not...

Ok. 2022. Now you can read again.

Eurocontrol participates in the energy security market through its agreement with SICPA S.A. (”SICPA”) of Switzerland for earn-out payments of 5% (minimum $9 million, $1.5 million per year payable as to $750,000 every six months) on revenues generated from the oil and gas marking and monitoring field relating to the sale of its former subsidiary Global Fluids International (GFI) S.A. (“GFI”) to SICPA in January 2016.

Agreement

...and during the period ending six years from the closing of the transaction (the “Minimum Earn-out Amount Period”), with a minimum guaranteed of $1.5 million per year for the Earn-out Period (total payment of at least $9,000,000).

Additional post closing payments equal to 5% of the net revenues earned by GFI from contracts signed during the fourth through sixth years following closing paid until the third anniversary of such contracts.