Global Technovations Places First MotorCheck ``OSA-II" as Part of Shell International's Initial Commitment
27 November 2000
Global Technovations Places First MotorCheck ``OSA-II" as Part of Shell International's Initial Commitment
PALM BEACH GARDENS, Fla.--Nov. 27, 2000--Global Technovations, Inc. ("GTI" or the "Company") (AMEX:GTN) today announced that it has placed a revenue-generating MotorCheck(TM) OSA-II instrument at the Shell Global Solutions Technical Group's ("Shell GST Group") Trinity Truck Workshop ("Trinity") in North Hampton, United Kingdom. This is the first OSA-II placement as part of an initial five-unit commitment made by the Shell GS Group. The remaining four revenue-generating OSA-II units are expected to be placed at four other Shell GST Group customers or locations around the world.Before placing the OSA-II instrument at Trinity, the Shell GS Group conducted nine months of an intensive evaluation and analysis of the MotorCheck(TM) OSA-II technology. The OSA-II instrument placed will be operating under the Shell branded name of Equip-MotorCheck(TM) as an official logo. The remaining four OSA-II instruments are expected to be shipped by the end of calendar year 2000. They will be used to validate the commercial viability of the OSA-II technology in diverse Shell GS Group applications and will be operating in each location's native language around the world.
The Shell Group of Companies ("Shell") is the world's third largest oil company and either owns, operates, provides technical support and supplies, and/or does business with over 7,000 truck stops and workshops outside of the United States. The Shell GS Group is responsible for testing OSA-II for Shell's technical needs throughout the world. In North America, Shell operates under the auspices of the already large long-time OSA-II customer, Speedco Inc., an affiliate of Equilon (Shell/Texaco joint venture).
Chris Harrop, Global Transport Sector Development Manger for Shell International Oil Products, stated: "The use of the MotorCheck(TM) instruments to provide effective oil sample analysis, where they need it most, will give Shell customers all over the world the peace of mind they need. This means that they can concentrate on what they do best, taking goods and people from A to B, only now they are secure in the knowledge that their trucks and buses won't let them or their customers down."
Will Willis, the Company's Chairman and CEO, stated: "Recognition of our technology and its value by a global giant like Shell gives us enormous satisfaction. By expanding our OSA-II presence overseas and in different countries, our global relationship with Shell has been strengthened."
Global Technovations, Inc., develops, assembles, and markets the patented MotorCheck(TM) and TruckCheck(TM) On-Site Analyzer, "an oil analysis mini-lab in a box", and manufactures, assembles and distributes audio speakers for the automotive industry through its Onkyo America subsidiary, which is one of the largest manufacturers and distributors of audio speakers in North America.