SOUTHAMPTON, Pa., Oct. 14 /PRNewswire/ -- Environmental Tectonics Corporation's (OTC Bulletin Board: ETCC) ("ETC" or the "Company") Simulation Division, located in Orlando, FL, USA, today announced the signing of a contract with the Netherlands Institute for Safety (NIFV) to deliver additional simulations for their NIFV-ADMS system, including a road tunnel, a metro station, and an underground parking garage. These specific virtual training environments will be used as a tool in the Education-Training-Exercise (ETE) program for European facility workers and incident command teams.
Following a thorough selection process and a unanimous decision, NIFV was awarded a contract by the European Up Safety steering committee to provide the Advanced Disaster Management Simulator (ADMS™) for the European Up Safety project. NIFV, a leader in emergency management training, houses the Crisis Management Academy, Fire Academy, Emergency Medical Academy, Academy for Leadership Safety Regions, and a Research Department. Since 2001, NIFV has trained over 10,000 first responders and incident commanders on their customized ADMS, which consists of over 25 stations and geo-specific environments. Additionally, NIFV has successfully implemented a program to allow other Dutch organizations, including the Fire Brigade of Amsterdam and the Royal Netherlands Air Force, to lease their ADMS in an effort to enhance their existing training programs.
Up Safety is a three year project designed to increase the safety of underground structures through the education and training of facility workers and responders with the support of the ADMS. This multi-national project includes distinguished partners from the Netherlands (Province of Zeeland, N.V. Westerschelde Tunnel, and Falck AVD Group), Germany (STUVA), Belgium (Fire Brigade Ghent), Romania (General Inspectorate for Emergency Situations), and Spain (Amberg Infraestructuras S.A.). The Up Safety project is co-funded by a grant from the European Union, Civil Protection Commission.
The goal of the Up Safety project is to develop and deliver three ETE programs for these underground, high-risk areas. During the course of the project, workshops will be organized in which all partners will have the opportunity to contribute to the development and delivery of the ETE-program. Input from their expert network will be gathered, tested by civil protection organizations, and evaluated before presentation to a group consisting of European training institutes and the Disaster Management Training Network. Training sessions for instructors and incident command teams are initially expected to be held in the Netherlands and Switzerland through the year 2011, with additional training sessions throughout Europe as they are requested.
"We are very proud of winning the contract for this important European project", stated Wim Papperse, Director of NIFV, "This project fits perfectly with our mission and validates our role of being an authoritative center of competence in preparing professionals for incidents, crises, and disasters. Our professional trainer/consultants - Eric Didderen and Piet Schneider - will support the Up Safety ETE-project and virtual reality simulation sessions. We are confident we can count on ETC to provide us on-time the simulations needed."
ADMS is a virtual reality simulation training platform which consists of multiple products focused on specific training objectives, including Incident Command training at all levels (ADMS-Command), driver training and vehicle operation (ADMS-ARFF and ADMS DRIVE) and Police Coordination (ADMS-Police). A unique level of immersion is achieved by ETC's signature technology, blending physics-based simulation, embedded artificial intelligence, accurate animations, photo-realistic graphics, ambient sounds, vehicle controls, and motion platforms. ADMS enables first responders and emergency managers to train and rehearse at all levels of response, in a safe, economical and environmentally friendly way.
Environmental Tectonics Corporation was incorporated in 1969 in Pennsylvania, USA. For over forty years, we have provided our customers with products, service and support. Innovation, continuous technological improvement and enhancement, and product quality are core values and critical to our success. We operate in two business segments – Training Services Group ("TSG") and Control Systems Group ("CSG"). Our core technologies in TSG include the design, manufacture and sale of training services 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 in CSG include: (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 Authentic Tactical Fighting Systems (ATFS), Aircrew Training Systems (ATS) and disaster management systems (ADMS). CSG includes sterilizers, environmental control devices and hypo/hyperbaric chambers along with parts and service support.
Discussions of some of the matters contained in this press release may constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities and Exchange Act of 1934, as amended, and as such, may involve risks and uncertainties. We have based these forward-looking statements on our current expectations and projections about future events or future financial performance, which include implementing our business strategy, developing and introducing new technologies, obtaining, maintaining and expanding market acceptance of the technologies we offer, and competition in our markets. 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) 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, (ii) statements or 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, (iii) statements of future economic performance, (iv) statements of assumptions and other statements about the Company or its business, (v) statements made about the possible outcomes of litigation involving the Company, (vi) statements regarding the Company's ability to obtain financing to support its operations and other expenses, and (vii) statements preceded by, followed by or that include terminology such as "may," "will," "should," "expect," "plan," "anticipate," "believe," "estimate," "future," "predict," "potential," "intend," or "continue," and 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 our Annual Report on Form 10K for the fiscal year ended February 26, 2010, 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 factors that could affect forward-looking statements by ETC 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.
Duane D. Deaner, CFO
Tel: 215-355-9100 (ext. 1203)
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SOURCE Environmental Tectonics Corporation