8 May 2007

Inspicio plc

("Inspicio" or the "Company")

Inspectorate Signs Global Agreement with Eurocontrol for Fuel Marking Projects

London, UK, May 8, 2007 - Inspectorate, the international commodities inspection and testing business that is part of Inspicio plc, today announced the signing of a comprehensive Global Memorandum of Understanding with Global Fluids International S.A. (GFI), a fully owned subsidiary of Eurocontrol Tecnic Inc, for the global deployment of GFI’s hydrocarbon marking technology Petromark™. Eurocontrol is a Canadian public company specializing in the acquisition, development and commercialization of innovative authentication and verification technologies.

Eurocontrol’s innovative Petromark™ solution addresses two major problems in the oil industry – combating the trade in illicit fuels and providing brand protection for large oil companies. As the price of oil has increased substantially, such problems have become a higher priority for government and corporate officials to address.

Inspectorate expects the agreement to contribute to its progress to achieving an 8% operating margin in the second half of 2007.

Neil Hopkins, Managing Director, Inspectorate International Limited, said:

“Inspectorate is pleased to partner with Eurocontrol to deliver the Petromark™ technology to the global marker technology market. It provides Inspectorate and its customers with a significant competitive advantage. We look forward to rolling out this technology across our international network to meet the growing demand for marker technology.” 

Bruce Rowlands, President and Chief Executive Officer, Eurocontrol Technics Inc., said:
“We are extremely pleased to have formed this partnership with Inspectorate International using our industry-leading Petromark™ marking technology. Inspectorate brings a real depth of long-term inspection and testing logistics experience in the global oil and gas industry into the alliance, which will be of tremendous benefit as we deploy Petromark™.”

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About Inspectorate

Inspectorate is one of the world’s leading inspection and testing organisations.

Its independent inspection and testing services are delivered at key trading locations across the world and it has more than 4,000 experienced members of staff, including geologists, master mariners and chemists.

Inspectorate believes every contract is unique and prides itself on offering a personalised service in the locations in which its clients operate, including new and emerging markets. In this way it is able to add value to, and become highly skilled extensions of, a client’s own team.

Inspectorate (Ukraine) is a wholly owned subsidiary of Inspectorate International Limited a leading global provider of commodity inspection and testing services to the petrochemical industry. With over 4,000 staff and a global network of state-of-the-art independent testing laboratories catering specifically to the oil, gas and petrochemical industry, Inspectorate offers an extensive range of inspection, testing and consultancy services at every major loading, discharge and STS location in the world.  

About Inspicio
Inspicio was admitted to AIM on 29 April 2005 as a newly incorporated company, established to acquire and manage organisations in the testing, inspection and performance conformity markets, both in the UK and internationally.  The Group now has over 5,000 employees operating in almost 130 countries and a framework for continued growth.

Inspicio acquired Inspectorate – a global leader in testing and inspection services – in October 2005. It has since made two further acquisitions in pursuit of that aim - Environmental Services Group was acquired from Mowlem plc in April 2006 and Eclipse Scientific Group in August 2006.

Inspicio aims to grow through acquisitions as well as structuring acquired businesses for organic growth and maximising any consolidation opportunities. It intends to use Inspectorate’s global infrastructure to drive international expansion and its vision is to become a significant global player in the testing, inspection and performance conformity market.

About Eurocontrol Technics Inc
Eurocontrol Technics Inc. through its wholly owned subsidiary Global Fluids International S.A. ("GFI") is one of the world’s pioneers in developing and implementing innovative molecular marking systems for the oil industry.  Through its proprietary Petromark™ integral system, GFI has developed a 4-part solution consisting of a molecular marker, injection, monitoring and control components. GFI’s innovative Petromark™ solution addresses two major problems in the oil industry – combating the trade in illicit fuels and providing brand protection for large oil companies. As the price of oil has increased substantially, such problems have become a higher priority for government and corporate officials to address. Such oil industry cost realities along with GFI’s 5-year R&D efforts to create its industry-leading marking solutions, along with access to capital provided by Eurocontrol Technics Inc. allows management to pursue numerous anticipated oil marking opportunities in fiscal 2007 and in years to come.

 

Inspicio Ltd

10 Buckingham Street

London

WC2N 6DF

Tel: +44 (0) 20 7004 2780
Email: askus@inspicio.com