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Environmental Tectonics Corporation Awarded Major Contract for Multiple Tactical Flight and Aircrew Training Simulation Devices

 
 

Simulators include ATFS-400 and GL-4000

SOUTHAMPTON, Pa., Oct. 14 /PRNewswire-FirstCall/ -- Environmental Tectonics Corporation's (OTC Bulletin Board: ETCC) ("ETC" or the "Company") Training Services Group has been awarded a contract from a long time customer in Asia to provide a full range of aircrew training and tactical flight simulation devices. The contract, valued at over $40 million, includes ETC's Authentic Tactical Flight Simulator-400 (ATFS-400) and our Gyrolab GL-4000 Spatial Disorientation Trainer. The equipment will be built at ETC's main manufacturing plant in Southampton, PA, USA, with support from ETC-PZL, our subsidiary in Poland, and ETC Turkey, our subsidiary in Turkey. The contract calls for delivery of the devices starting in early 2012 and includes installation, training and maintenance support.

The ATFS-400 integrates a high fidelity aircraft cockpit that incorporates a virtual tactical environment into a high-performance, fully flyable human centrifuge. Pilots can fly the ATFS like a tactical aircraft. The ATFS-400 combines ETC's virtual battle space, unique G-Pointing, motion-based technologies, and ETC's "Signature Technology" to replicate the performance and feel of the aircraft and produce an authentic experience for the pilot that rivals flying the actual aircraft. The ATFS-400 produces the most authentic flight experience possible in a ground-based simulator and allows pilots to hone their tactical skills at 1/28th the cost of flying the aircraft. This will be the eleventh high performance human centrifuge built by ETC, and the fourth ATFS-400 system in the world.

ETC's GL-4000 offers sustained G motion cuing in a high fidelity simulator. Unlike traditional six degree of freedom (6 DoF) systems, the GL-4000 simulates the actual physiological stresses a pilot experiences while maneuvering a high performance jet aircraft. This capability results in maximum learning transfer to the aircraft and better trained pilots. The GL-4000 features easily interchangeable cockpits based on ETC's Component Based Cockpit Module (CBCM) technology. Pilots can be trained for tactical flight maneuvering, situational awareness and spatial disorientation in the same manner as they would train in their own actual aircraft.

William F. Mitchell, President and Chairman of ETC, stated, "Booking this contract is a great achievement for ETC. We have long had a significant presence in Asia and this valued customer has ordered our latest advanced technology. This award solidifies our leadership position in the advanced tactical flight and aeromedical training simulation field.

ETC was incorporated in 1969 in Pennsylvania and this year we have celebrated our 40th anniversary. Our core technologies include the design, manufacture and sale of Training Services (TSG) which includes (1) software driven products and services used to create and monitor the physiological effects of flight; (2) high performance jet tactical flight simulation, and; (3) driving and disaster simulation systems, and Control Systems (CSG) which includes: (1) steam and gas sterilization; (2) testing and simulation devices for the automotive industry, and; (3) hyperbaric and hypobaric chambers. Product categories included in TSG are Aircrew Training Systems (ATS) and flight simulators, disaster management systems and entertainment applications. CSG includes sterilizers, environmental control devices and hyperbaric chambers along with parts and service support.

This press release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements are based on ETC's current expectations and projections about future events. These forward-looking statements are subject to known and unknown risks, uncertainties and assumptions about ETC and its subsidiaries that may cause actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements.

These forward-looking statements include statements with respect to the Company's vision, mission, strategies, goals, beliefs, plans, objectives, expectations, anticipations, estimates, intentions, financial condition, results of operations, future performance and business of the company, including but not limited to, (i) potential additional funding by H.F. Lenfest, a member of our Board of Directors and a significant shareholder, and PNC Bank, (ii) the trading of the Company's common stock on the Over-the-Counter Bulletin Board (iii) projections of revenues, costs of materials, income or loss, earnings or loss per share, capital expenditures, growth prospects, dividends, capital structure, other financial items and the effects of currency fluctuations, (iv) statements of our plans and objectives of the Company or its management or Board of Directors, including the introduction of new products, or estimates or predictions of actions of customers, suppliers, competitors or regulatory authorities, (v) statements of future economic performance, (vi) statements of assumptions and other statements about the Company or its business, (vii) statements made about the possible outcomes of litigation involving the Company, (viii) statements regarding the Company's ability to obtain financing to support its operations and other expenses, and (ix) statements preceded by, followed by or that include the words, "may," "could," "should," "looking forward," "would," "believe," "expect," "anticipate," "estimate," "intend," "plan," or the negative of such terms or similar expressions. These forward-looking statements involve risks and uncertainties which are subject to change based on various important factors. Some of these risks and uncertainties, in whole or in part, are beyond the Company's control. Factors that might cause or contribute to such a material difference include, but are not limited to, those discussed in the Company's Annual Report on Form 10K for the fiscal year ended February 27, 2009, in the section entitled "Risks Particular to Our Business." Shareholders are urged to review these risks carefully prior to making an investment in the Company's common stock.

The Company cautions that the foregoing list of important factors is not exclusive. Except as required by federal securities law, the Company does not undertake to update any forward-looking statement, whether written or oral, that may be made from time to time by or on behalf of the Company.

    Contact: Duane D. Deaner, CFO
             Tel: 215-355-9100 (ext. 1203)
             Fax: 215-357-4000
             ETC - Internet Home Page:     http://www.etcusa.com 

SOURCE Environmental Tectonics Corporation

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