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XL TechGroup, Inc. (XLT)


Monday 05 December, 2005

XL TechGroup, Inc.

AgCert agreement with EPCOR

XL TechGroup, Inc.
05 December 2005

Press Release                                                  5 December 2005

                               XL TechGroup Inc.

                       ('XL TechGroup' or 'the Company')

                   XL TechGroup company AgCert International

                    announces agreement with EPCOR Utilities

XL TechGroup (AIM: XLT), the systematic architect and builder of an ongoing
stream of high value new companies, announces that the Canadian subsidiary of XL
TechGroup company, AgCert International plc ('AgCert'), has reached an agreement
with EPCOR Utilities Inc., one of Canada's leading power and water utility
companies, for the supply of Canadian greenhouse gas offset credits generated
from farming operations under contract with AgCert Canada.

Under the agreement, AgCert Canada will deliver 100,000 tonnes of CO2 equivalent
(CO2e) offsets to EPCOR for an initial period of six years, commencing in 2006.
These offsets will be generated to conform to the standards set by the Canadian
Offset Program Authority, which is expected to be established in early 2006.

'EPCOR is serious about mitigating greenhouse gas emissions and doing our part
to support Canada's greenhouse gas management commitments,' said Dr. David
Lewin, EPCOR's Senior Vice President of Environment.  'By working with AgCert,
we have secured high value Canadian offsets that are authentic and verifiable
and have taken action to support a stronger offset market within the country.'

Bill Haskell, CEO, AgCert International, said, 'AgCert and EPCOR have entered
into one of the largest emission offset credit purchases ever undertaken within
the emerging Canadian marketplace.  AgCert Canada looks forward to working with
the new Canadian Offset Program Authority to further advance Canada's domestic
marketplace.  Through the development of a market that is based on verifiable
and authentic offsets, AgCert Canada can help Canadian businesses to reduce
their emissions in an effective and economically sustainable manner.'

Dr John Scott, CEO of XL TechGroup, said:  'We are delighted that AgCert Canada
has reached agreement with such a high quality customer from North America.  The
signing of this deal with EPCOR underpins the global nature of the business
models of all XL TechGroup businesses.'

                                    - Ends -

For further information:
XL TechGroup Inc.
John Scott / Harold Gubnitsky                             Tel: +1 321 409 7403
[email protected]                             

XL TechGroup media enquiries:
Abchurch Communications
Heather Salmond / Samantha Robbins                        Tel: +44 (0) 20 7398 7700
[email protected]              

AgCert media enquiries:
Liz Morley / Brian Hudspith                               Tel: +44 (0) 20 7379 5151


About XL TechGroup

XL TechGroup identifies unmet market needs in the Biotech, Ecotech and Medtech
sectors and then systematically creates and develops successful disruptive
technology businesses to exploit these needs.  The Company has developed a
unique proven method to rapidly bring companies from inception to liquidity,
matching unexploited IP from a group of corporate and technology partners to the
identified unmet market need.  XL TechGroup employs its own predictive algorithm
to ensure the market will rapidly adopt the identified solution and then moves
to scale the company specifically created to exploit the opportunity.

Before forming XL TechGroup, the management team created substantial value for
shareholders over a twelve year period, successfully exiting six technology
businesses at an average market valuation of approximately US$500 million.

The listing of the first company created under the XL TechGroup banner, AgCert
International, continues to validate the systematic approach to value creation.

•         AgCert International was created by XL TechGroup in May 2002 and is a
global leader in the production and sale of agriculturally derived greenhouse
gas emission reductions, with business in Europe, Asia, North America and South
America.  AgCert was listed on the London Stock Exchange in June 2005 and XL
TechGroup maintains a 27.2% interest in AgCert.

The second and third companies in the new generation of XL TechGroup businesses

•         TyraTech LLC, which was created by XL TechGroup in July 2004, is
developing a new class of highly effective, non-toxic pesticides using cloned
insect chemoreceptors, based on approved, safe, natural oils.  Its development
is progressing rapidly particularly in human healthcare applications.  TyraTech,
which is 66.7% owned by XL TechGroup, is continuing discussions with companies
in North America, Asia and Europe as well as numerous national public health
programs about the licensing and distribution rights for its patented
formulations in relation to natural insecticide and personal care products.

•         DxTech LLC was created by XL TechGroup in July 2005, and is developing
a unique micro-fluidic platform that replaces essentially all biological tests
currently performed at reference laboratories with a fully-automated,
point-of-care device.  This technology has applications in significantly
lowering costs and increasing efficiency for major pharmaceutical companies in
their clinical trials, the provision of diagnostics in developing countries and
delivering a new revenue stream for doctors in the USA.  DxTech is currently
100% owned by XL TechGroup.

XL TechGroup has a number of other opportunities already at an advanced stage in
its business creation pipeline, and expects to create one-to-two new companies
annually that can each achieve a liquidity event worth at least US$400 million
within four years from inception.

For further information, see

About AgCert Canada

AgCert Canada Ltd. is a subsidiary of AgCert International plc which is listed
on the London Stock Exchange.  AgCert Canada was one of the first AgCert
subsidiaries to enter into contracts with farmers to reduce greenhouse gases.
The Group was founded in 2002 to produce and sell reductions in greenhouse gas
emissions (referred to as 'Offsets') from agricultural sources on an industrial

The Group's methods enable it to produce Offsets by changing conventional
methods used in animal waste management systems (AWMSs).  To achieve this,
AgCert has developed proprietary systems and processes which have been designed
to be fully scalable and adaptable to the AWMSs of large confined animal feeding
operations including those for swine, dairy and poultry.

AgCert recently received UN approval to globally apply its methodologies, which
are used to create agriculturally-derived emission reductions by changing animal
waste management practices.  Agriculture has an unmatched capacity to
consistently produce qualified offsets, as well as renewable energy solutions
and its projects in Brazil and Mexico have drawn wide-scale interest from
European, Canadian and Japanese customers.

More information about AgCert's Greenhouse Gas Reduction projects can be found

About EPCOR Utilities Inc.

EPCOR Utilities Inc. is one of Canada's top providers of power and water. EPCOR
provides energy and energy-related services and products and supply power and
water solutions to customers in Alberta, Ontario, British Columbia and the U.S.
Pacific Northwest.  Drawing on over 100 years of experience, EPCOR builds, owns
and operates power plants, electrical transmission and distribution networks,
water and wastewater treatment facilities and infrastructure.

EPCOR has been named one of Canada's Top 100 employers for six consecutive
years, and was the 2004 Overall Winner of the Conference Board of Canada/Spencer
Stuart National Award in Governance.  EPCOR is headquartered in Edmonton,

EPCOR's web site is

                      This information is provided by RNS
            The company news service from the London Stock Exchange                                                                                                                                                                                     

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