SOUTHAMPTON, Pa., Sept. 25 /PRNewswire-FirstCall/ -- Environmental Tectonics Corporation (BULLETIN BOARD: ETCC) ("ETC" or the "Company") today announced a celebration to commemorate 40 years of designing, engineering, and manufacturing U.S. built technology deployed in 87 countries around the globe. To mark this special occasion, ETC is hosting an open house on September 26th, 2009.
ETC is proud to be 'Buy-American" and is one of the last U.S. manufacturing companies. By staying flexible in changing global markets, ETC has created seven unique divisions each with multiple product lines and unique technology. ETC has succeeded over the years largely due to its continual investment in innovation, design, and engineering technology, all driven by its highly creative staff.
ETC was founded in the fall of 1969 in the garage of William F. Mitchell, CEO and President. By the spring of 1970, ETC had introduced its first product lines, a series of environmental test units and sterilizers. Within its first full year of operation, ETC generated $1.45 million dollars in sales and went public shortly thereafter.
ETC has evolved into a 300-employee dynamic small business company. ETC currently holds offices in Turkey, Poland, and Orlando, FL, and retains its headquarters location just outside Philadelphia, PA.
ETC recently implemented Lean Manufacturing to increase efficiency, reduce time and cost per job, and streamline business procedures to maximize the value-add for its customers. ETC is a leader in engineering technology as it continues to invest in new innovations and manufacture the technology for the future. William F. Mitchell stated, "We hope our innovations in technology continue to serve both our customers' needs and the industry's needs for another 40 years to come."
Highlights in ETC's Innovation Achievements and Manufacturing Technology Include:
-- ETC Aircrew Training Systems created the World's most sophisticated tactical flight and space simulator, the ATFS-400 high performance human centrifuge. Authentically replicating the environment of pilots to increase safety and preparedness, the ATFS-400 also employs 'green' regenerative braking technology that recovers 80% of the energy consumed to power the centrifuge. -- ETC Sterilizers designed the first "sectional" bulk sterilizer or autoclave used in the life science industry. ETC Sterilizers also feature closed loop vacuum pump systems which re-circulates water and limits water wastage. -- ETC Hyperbarics developed the first acrylic monoplace chamber with an internal diameter greater than twenty-five inches and PC-based electronic controls for patients undergoing hyperbaric oxygen therapy. Our new technology, O.S.C.A.R. (Operating Systems for Control and Record Keeping), satisfies Electronic Medical Recording (EMR). -- ETC Testing and Simulation Systems engineered an Altitude Simulation System for locations above or below sea level. It features the combination of a high pressure blower and valve system to maintain correct pressure, with refrigeration and heating systems to control temperature and humidity levels at a sea level environment. -- ETC Simulation created the Advanced Disaster Management Simulator (ADMS), an interactive, physics-based software training system that incorporates the latest artificial intelligence with geo-specific modeled environments and unscripted scenarios, to enhance the training effectiveness of first responders and emergency teams. -- ETC The Ride Works designed the first sustained G force ride at a major theme park center and continues to develop interactive, educational rides in their "Wild Earth" for zoos, aquariums, and museums.
ETC was incorporated in 1969 in Pennsylvania and this year we will celebrate 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/
Environmental Tectonics Corporation
CONTACT: Duane D. Deaner, CFO, +1-215-355-9100 (ext. 1203), Fax:
+1-215-357-4000
Web Site: http://www.etcusa.com/
