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HONG KONG, Oct 13, 2010 - (ACN Newswire) - Strong Petrochemical Holdings Limited and its subsidiaries ("Strong", Stock code: 852), an oil products trading company, is pleased to announce that it has entered into an exclusive marketing agreement with Eurocontrol Technics Inc. ("Eurocontol"). Eurocontrol will appoint Strong as the exclusive sole agent to market and sell Eurocontol's Petromark fuel authentication system to potential customers in China, Hong Kong and other defined target markets throughout Asia ("Territories").
This exclusive agreement is contracted for an initial period of three years and is renewable for further periods of three years. Strong will act as the exclusive Sole Agent, responsible for the marketing and sale of the Products in the Territories and Global Fluids International S.A. (GFI), a wholly owned subsidiary of Eurocontrol, is responsible for the design and technical support to the consortium. Strong will bring to the consortium their extensive business connections in the target markets with participants in the petrochemical complex. "This agreement enables us to provide value added services to our existing customers, and further allows us to expand the customer base to different spectrum within the Territories.
This innovative fuel authentication technology not only prevents customers suffering from loss of revenue stream, it also ensures the qualities of crude oil and oil related products and hence improve the reputation and integrity of the brand." said Mr. Wang Jian Sheng, Chairman of Strong Petrochemical Holdings Limited.
About Eurocontrol Technics Inc.
Eurocontrol Technics Inc. (TSX Venture: EUO) ("Eurocontrol"), a Canadian public company specializing in the acquisition, development and commercialization of innovations regarding energy security, authentication and verification technologies. Through its wholly owned subsidiary Global Fluids International S.A. ("GFI"), one of the world's pioneers, Eurocontrol has developed and implemented an innovative molecular marking systems ("Petromark") for the oil industry.
Contact:
Issued by Strong Petrochemical Holdings Limited.
For further information, please contact
Mr. Manson PANG / Mr. Arthur WONG
at (852) 2834 3393 or
email to info@strongpetrochem.com
Topic: Press release summary
Source: Strong Petrochemical
Sectors: Daily Finance, Science & Nanotech, Energy, Alternatives
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From the Asia Corporate News Network
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