Investors Hub Daily
iHub My Stocks Activity
Ticker Buzz Cloud
Most Followed Members
Hot on StockWiki
My Image Gallery
Environmental Tectonics Corporation (ETCC)
Post New Msg
Friday, February 05, 2010 12:26:49 AM
Environmental Tectonics Corporation Reports Their G-LAB Human Centrifuge Trains an Additional Approximate 1000 Pilots at Holloman Air Force Base in New Mexico, USA
Feb 3, 2010 07:30:00 (ET)
SOUTHAMPTON, Pa., Feb 03, 2010 /PRNewswire via COMTEX/ -- Environmental Tectonics Corporation (ETCC, Trade ) ("ETC" or the "Company") announced today that Holloman Air Force Base, located in New Mexico, trained an additional approximate 1,000 pilots on its G-LAB(R) Human Centrifuge during 2009. This brings the total pilots trained since the device was commissioned to almost 31,000 students.
The USAF purchased the G-LAB in 1988 and over the past 21 years has utilized the G-LAB as the primary centrifuge for the United States Air Force High-G training program, responsible for reducing the number of G-induced Loss of Consciousness (G-LOC) mishaps (both Class A and C) by more than fifty percent.
In addition to training U.S. pilots, the Air Force Physiology Training unit has trained pilots from Canada, Japan, Korea, Israel, Jordan, Bahrain, Pakistan, Australia, Poland, Italy, Taiwan, Singapore, Chile, United Kingdom, Sweden, Switzerland, Czechoslovakia, Egypt, Finland, Germany, Turkey, Kuwait, Saudi Arabia, and a variety of others.
G-LOC and High-G unusual attitude conditions are a constant threat to the aircrew of high performance fighter and attack aircraft. These dangers will become even greater in the future, as high airspeeds, low altitude, and super maneuverability of modern aircraft such as the F-22 and F-35 Joint Strike Fighter will place even greater demands on the physical capabilities of pilots. G-tolerance training and dynamic flight simulation, using ETC's latest generation High Performance Human Centrifuge, the Authentic Tactical Flight Simulator -400 (ATFS-400), are the most effective ways to increase aircrew G-tolerance while training them in an authentic tactical environment.
ETC, the world leader in High Performance Human Centrifuge design and manufacture, has provided Aircrew Training Systems and Flight Trainers to military and civil agencies worldwide since the mid-1980's.
William F. Mitchell, ETC's President & CEO, noted, "We are pleased that the G-LAB continues to train pilots for both the USAF and a variety of International militaries and that the age of the installed unit at Holloman is in no way reflective of the efficiency, cost effectiveness and value of the system."
ETC's on-site engineer and Service Manager, Mr. Steve Arnold, noted, "The G-LAB continues to exhibit an exemplary service rate (greater than 99%) and is the most highly utilized centrifuge in the world.
ETC was incorporated in 1969 in Pennsylvania and last year we 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) 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 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, (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 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) Fax: 215-357-4000
ETC - Internet Home Page:
SOURCE Environmental Tectonics Corporation
My Favorite Boards..
My Favorite Boards..
Environmental Tectonics Corporation (ETCC) Stock Trading Info:
Post New Msg
Report TOS Violation
+/- to Watchlist
© 2013 InvestorsHub.Com, Inc.
Terms of Service
Advertise With Us
Stock Market 101
Investor Help Forum
iHub on Facebook
iHub on Twitter
iHub iPhone/iPad App
iHub Android App