EUROTECH, Ltd. Announces New Explosives Screening Portal Product Development to Enhance Security

This Release talks about airport security products

News Release               
For Immediate Release:            For More Information Contact:
January 24, 2002                                               ECON Investor
Relations, Inc.
Dawn Van Zant
                     1-800-665-0411
dvanzant@investorideas.com

EUROTECH, Ltd. Announces New Explosives Screening Portal Product Development
to Enhance Security

FAIRFAX, Va., January 24, 2002 --EUROTECH, Ltd., (AMEX: EUO), reported
that development of an explosives screening portal product based on its
proprietary Acoustic CoreÔ technology is currently in progress. The new
screening portal is intended to combine the functions of metal detection
and explosives detection into a single product. The device is expected
to look and function very similarly to existing airport metal detector
portals commonly used throughout the world, but it will have the added
capability of screening for explosives. The product will be designed to
work at the same rate of speed of existing metal detectors allowing free
flow of passenger traffic.

The Company is currently in various stages of discussion with established
security industry companies regarding Acoustic Core technology as part
of an overall strategy to achieve market penetration through strategic
alliances.

The screening device will provide computerized automatic screening of
humans, their clothing and footwear, for metal and explosive devices.
The technology is ideally suited for primary screening applications where
humans require screening and high rates of traffic require automated computer
controlled detection.

The portal's proprietary Acoustic CoreÔ spectral analysis package quantitativel
y analyzes technology acoustic properties of screened objects, which produce
an acoustic fingerprint. This acoustic fingerprint based on the material
spectral acoustic properties of impedance, sound velocity and absorption
will allow a computer to be programmed to automatically detect illicit
materials such as plastic explosives. Transmitting a short wide bandwidth
burst of acoustic energy; receiving the returned acoustic energy and processing
the returned acoustic energy utilizing tools obtain the acoustic fingerprint.
The product development is expected to take about six months to complete.
The expectation is that the prototype will exhibit characteristics, which
allow the product to obtain FAA certification.

The publication Aviation Security International (October 2000 Edition)
stated, "In the same way that access control systems (biometrics and card)
can now be integrated with metal detection to facilitate the movement
of staff into restricted areas, so too the aim must now be for the manufacturer
s of metal detection and explosive detection and passenger X-ray technologies
to continue to work tighter to develop fully integrated screening portals
that combine the different detection methodologies."

In addition to this self-funded product development, the Company submitted
four other proposals to the Department of Defense, all focused on primary
screening applications for illicit materials such as explosives, biohazards
and nuclear radioactive compounds.

For additional information about Eurotech and its technologies visit the
Company website www.eurotechltd.com.

Investors are cautioned that certain statements contained in this document
as well as some statements in periodic press releases and some oral statements
of Eurotech officials during presentations about Eurotech are `forward-looking
'' statements within the meaning of the Private Securities Litigation
Reform Act of 1995 (the ``Act''). Forward-looking statements include statements
which are predictive in nature, which depend upon or refer to future
events or conditions, which include words such as ``expects'', ``anticipates'',
``intends'', ``plans'', ``believes'', ``estimates'', or similar expressions.
In addition, any statements concerning future financial performance (including
future revenues, earnings or growth rates), ongoing business strategies
or prospects, and possible future actions, which may be provided by management,
are also forward-looking statements as defined by the Act. Some of the
factors that could significantly impact the forward-looking
statements in this press release include, but are not limited to: insufficient
cash flow to continue to fund the development and marketing of the Company's
products and technology, a rejection of the Company's products and technologies
by the marketplace and disputes as to the Company's intellectual property
rights. Forward-looking statements are based on current expectations and
projections about future events and are subject to risks, uncertainties,
and assumptions about Eurotech, its technology, economic and market factors
and the industries in which Eurotech does business, among other things.
These statements are not guaranties of future performance and Eurotech
has no specific intention to update these statements. More detailed information
about those factors is contained in Eurotech's filings with the Securities
and Exchange Commission.

For More Information Contact dvanzant@investorideas.com or Call Toll Free
800/665-0411.

Please direct all add/removes to truehs@investorideas.com