Southampton, PA, USA; April 25, 2012 - Environmental Tectonics Corporation (http://www.etcusa.com/) ("ETC (http://www.etcusa.com/)") was recently awarded an upgrade contract to modernize an aeromedical center in eastern Europe for an undisclosed customer. The contract is valued at more than $9.3 million, and will include a total upgrade of the existing aeromedical training facility. The project is being accomplished by ETC's Aircrew Training Systems (http://www.etcaircrewtraining.com/) (ATS) division, and will take twenty months to complete.
ETC (http://www.etcusa.com/) provided the original facility as a turn-key project in 1985 and has provided numerous upgrades, enhancements, and new equipment over the years. This continuum of excellence in providing service and technology resulted in the issuance of this highly competitive contract award. The aeromedical center upgrade project will include two new systems: a Night Vision Training System (http://www.etcaircrewtraining.com/nightvision/) and an Ejection Seat Simulator (http://www.etcaircrewtraining.com/ejectionseat/); as well as the upgrades of the existing Altitude Chamber (http://www.etcaircrewtraining.com/hypobaric-chamber-altitude-chamber/) and the Human Centrifuge (http://www.etcaircrewtraining.com/high-g-centrifuge-glab/). These upgrades will include a total overhaul of the equipment leaving only the major structural elements and providing state of the art latest ETC (http://www.etcusa.com/) technology that will increase the training value and prolong the life and effectiveness of the equipment.
In order to minimize the training interruptions, ETC (http://www.etcusa.com/) will be performing the upgrades and installation of new equipment on a staggered schedule. Upon completion ETC (http://www.etcusa.com/) will provide follow-on services in the form of a warranty package and an on-site maintenance contract.
William F. Mitchell, President and CEO of ETC (http://www.etcusa.com/) said, "ETC is pleased to have been chosen to continue its work for this important client. We believe that this is the most cost effective solution offering increased training capabilities, sustainment, availability, and reliability for years to come."
ETC (http://www.etcusa.com/) is a world leader in the aeromedical field and has installed and supported equipment in 86 nations worldwide. ETC (http://www.etcusa.com/) applies the latest technology to meet evolving pilot, aircrew, and maintenance technician training needs. ETC's interactive tactical flight simulators, instrument/navigation trainers, and aerospace physiological training systems provide pilots with realistic training for tactical flying, high G forces, spatial disorientation, situational awareness, ejection procedures and decision making, oxygen equipment use, altitude physiology, night vision, night vision goggle use, and land/water survival.
About ETC (http://www.etcusa.com/):
ETC (http://www.etcusa.com/) (OTCQB: ETCC) designs, manufactures and sells software driven products and services used to recreate and monitor the physiological effects of motion on humans and equipment and to control, modify, simulate and measure environmental conditions. These products include aircrew training systems (aeromedical, tactical combat and general), disaster management systems, sterilizers (steam and gas), environmental testing products and hyperbaric chambers and other products and services that involve similar manufacturing techniques and engineering technologies. ETC's unique ability to offer complete systems, designed and produced to high technical standards, sets it apart from its competition. ETC is headquartered in Southampton, PA. For more information about ETC, visit http://www.etcusa.com/ (http://www.etcusa.com/).
Forward-looking Statements:
This press release contains forward-looking statements, which are based on management's current expectations and are subject to uncertainties and changes in circumstances. Words and expressions reflecting something other than historical fact are intended to identify forward-looking statements, but are not the exclusive means of identifying such statements. The Company's actual results could differ materially from those anticipated in forward-looking statements as a result of a variety of factors, including those discussed in "Risk Factors" included in the Company's most-recent Annual Report on Form 10-K filed with the United States Securities and Exchange Commission. We caution you not to place undue reliance on these forward-looking statements.
CONTACT: Bob Laurent, CFO Tel: 215-355-9100 (tel:215-355-9100) (Ext. 1550) Email: rlaurent@etcusa.com
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Source: Environmental Tectonics Corporation via Thomson Reuters ONE
