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Eurocontrol Technics Group Inc.

09:49 AM EST - Eurocontrol Technics Group Inc. : announced that the Company has entered into a Letter of Intent with Austin Automation and Instrumentation, Inc. ("Austin AI"), a private company located in Austin, Texas, to acquire the assets of Austin AI which will be combined with Eurocontrol's wholly-owned subsidiary Xenemetrix. Eurocontrol Technics Group Inc. shares V.EUO are trading unchanged at $0.06.