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Environmental Tectonics Corporation (ETCC)
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Friday, February 05, 2010 12:18:49 AM
Posted by: 10 bagger Date: Wednesday, December 02, 2009 7:50:05 AM
In reply to: None Post # of 2628
Environmental Tectonics Corporation's Orange Flag 2009 Sets Multiple Orange Flag 2010 Events
PR Newswire - Dec 02 at 07:30 NONE
Company Symbols: NASDAQ-OTCBB:ETCC
SOUTHAMPTON, Pa., Dec. 2 /PRNewswire-FirstCall/ -- Environmental Tectonics Corporation (OTC Bulletin Board: ETCC) ("ETC" or the "Company") and its subsidiary the National Aerospace Training And Research (NASTAR®) Center (www.nastarcenter.com) announce plans to hold multiple Orange Flag events through the 2010 calendar year.
Orange Flag (www.etcorangeflag.com) events are held at the NASTAR Center to serve as a forum by which fighter pilots and aircrew and high ranking officials can come to evaluate and fly tactical missions, either singularly or against "friendly" air and ground opponents, in the Authentic Tactical Fighting System 400 (ATFS-400), a state-of-the-art, sustained G flight simulator.
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". ETC has designed the ATFS-400 to manage system resonances and to optimize natural frequency and system bandwidth. This design combined with state of the art control system architecture, motion control laws and aircraft flight models yields a flight motion platform that can provide the performance and feel (i.e., the "signature") of an intended aircraft. The ATFS-400 produces the most authentic flight experience possible in a ground-based simulator, allowing pilots to hone their tactical skills in an environment that rivals flying the actual aircraft
The purpose of the Orange Flag events is to provide a forum where aircrew can actually experience the next generation of flight simulation technology, safely flying up to and beyond the edge of the envelope, in tactical scenarios while developing and improving tactics and flying skills. Additionally, Orange Flag provides a forum where the free exchange of ideas and experiences occurs between participants.
Interested parties should check the official Orange Flag website (www.etcorangeflag.com) for additional event dates as they become available throughout the 2010 calendar year and contact the designated personnel accordingly with additional questions.
Glenn King, NASTAR Center's COO, stated, "ETC's Orange Flag 2009 event, held in October 2009, generated very positive feedback and based on this feedback we plan to hold multiple Orange Flag events throughout the year. We are pleased to open this event to interested domestic and international military pilots."
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's 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) the trading of the Company's common stock on the Over-the-Counter Bulletin Board, (ii) 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, (iii) 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, (iv) statements of future economic performance, (v) statements of assumptions and other statements about the Company or its business, (vi) statements made about the possible outcomes of litigation involving the Company, (vii) statements regarding the Company's ability to obtain financing to support its operations and other expenses, and (viii) 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 our 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)
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