SOUTHAMPTON, Pa., June 3, 2011 /PRNewswire/ -- Environmental Tectonics Corporation's (OTC Bulletin Board: ETCC) ("ETC" or the "Company") Simulation Division, located in Orlando, Florida, is pleased to announce that they will be hosting an educational webinar focusing on the current and future outlook of Department of Homeland Security Grant Programs and the impact recent changes to the Fiscal Year 2011 budget will have on the emergency management community. The Honorable George Foresman, Former Under-Secretary of Homeland Security, will be the guest presenter and will offer his personal insights into this timely and relevant topic. This free webinar is scheduled for Monday, June 6th 2011 at 3:30pm EDT.
The recent budget cuts affecting Homeland Security grants have given cause for concern within many emergency management organizations. The late acceptance of the Fiscal Year 2011 budget, combined with substantial funding cuts to important grant programs and the reduction of jurisdictions eligible for grant assistance, make this year's grant process seem more daunting than ever.
Mr. Foresman will present an insider's view on the current grant situation and how it will impact the emergency management community both now and in the future. Mr. Foresman served as a high-ranking official within the Department of Homeland Security, serving as the first Under-Secretary of the Preparedness and National Protection Programs. He has been involved in all aspects of Department leadership and operations, and has 25 years of experience at the local, state and federal executive level focused on front line public safety and homeland security. This career experience will surely bring invaluable insight into this timely and relevant subject.
ETC Simulation is hosting this important educational forum to increase the understanding of the available grant programs, the timelines and processes involved, and the key information you need to know if your organization will be applying for program funding.
Seth Foster, Vice President of ETC Simulation, North America, stated, "In today's economic climate most emergency management organizations are facing constrained budgets and they may lack the knowledge or resources to apply for federal assistance. We know that Mr. Foresman, a leading authority in homeland security and national preparedness, will be able to offer an unparalleled perspective on this complex issue. The opportunity to help our response community find ways to bridge the gap between the dollars that they have and the resources that they need is highly rewarding, because in the end, everyone of us will benefit if they have what they need to do their job."
ETC Simulation, a division of Environmental Tectonics Corporation, continues the company's 40 year legacy of technological innovation with their development of the Advanced Disaster Management Simulator (ADMS). Their products and services are focused solely on the research, development and enhancement of interactive, virtual reality training platforms for the emergency management, disaster preparedness, homeland security and defense markets. First introduced in 1994, ADMS is the trusted training tool of many leading emergency management organizations, educational institutions, airports, military / civil authorities, governmental facilities and first responder training academies around the world. The artificial intelligence and physics based effects embedded in all ADMS systems provide a powerfully realistic and immersive training environment, resulting in a higher-impact and more learning retentive experience.
For register for this free educational webinar, please visit ETC Simulation's website. Attendance is expected to be high and space is limited, so early registration is suggested.
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 Section27A of the Securities Act of 1933, as amended, and Section21E 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 Form10K for the fiscal year ended February 25, 2011, 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.
Contact: Duane D. Deaner, CFO Tel: 215-355-9100 Fax: 215-357-4000
ETC - Internet Home Page:http://www.etcusa.com
SOURCE Environmental Tectonics Corporation
