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Do you see ETCC being affected at all by Obama's kabosh on future NASA missions, etc?
ETCC.. $2.60
Environmental Tectonics Corporation's NASTAR(R) Center Announces 2010 Classes for Suborbital Scientists to Train for Space
Apr 6, 2010 09:49:00 (ET)
SOUTHAMPTON, Pa., April 6, 2010 /PRNewswire via COMTEX/ -- Environmental Tectonics Corporation's (ETCC, Trade ) ("ETC" or the "Company") The National AeroSpace Training and Research (NASTAR(R)) Center announced the next Suborbital Scientist Training Program course dates as June 14, 15, 16 and August 2, 3, 4 of 2010. Course dates for sponsored groups are also set for the summer and fall of 2010.
The NASTAR Suborbital Scientist Training Program provides space flight physiology training for prospective "Suborbital Scientist-Astronauts" wishing to fly experiments on upcoming suborbital space missions. The course teaches how to handle the physiological and psychological rigors of spaceflight and provides a tangible understanding of how to design experiments for research in a suborbital environment. The program is three days and includes an overview of the commercial space research industry, altitude and space flight physiology training and distraction factors management
Dates available for individual sign-ups are June 14-16 and August 2-4 of 2010. NASA, Industry Organizations, and University sponsored group dates are available through NASTAR Center.
Brienna Henwood, Director of Space and Research at NASTAR Center, said, "The coming era of commercial suborbital spaceflights will provide low-cost, frequent space access for projects and people to altitudes of 70-140 km with up to 5 minutes of microgravity. The NASTAR Center Suborbital Scientist Training Program provides researchers and their organizations an understanding of how they can take advantage of these newly emerging 'human-in-the-loop' Research & Education Mission (REM) opportunities. In the end, our trainees walk away with confidence and an excellent understanding of the processes necessary to prepare experiments and themselves for suborbital spaceflight."
About The NASTAR Center
The National AeroSpace Training And Research (NASTAR(R)) Center ( www.NASTARcenter.com ) is a wholly-owned subsidiary of Environmental Tectonics Corporation. The NASTAR Center houses a variety of state-of-the-art equipment and professional staff to support the training and research needs of the aerospace community, including military aviation (fixed and rotary wing), civil aviation (fixed and rotary wing), space travel (government and private) and research support and data collection. The NASTAR(R) Center's equipment and programs are highly modular and flexible and can accommodate a wide range of aerospace training and research requirements.
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) 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 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
ETCC..$2.80
Environmental Tectonics Corporation's Simulation Division Receives Acceptance for the ADMS Advanced Disaster Management Simulator from the Kingdom of Saudi Arabia......
SOUTHAMPTON, Pa., March 15, 2010 /PRNewswire via COMTEX/ -- Environmental Tectonics Corporation's (ETCC, Trade ) ("ETC" or the "Company") Simulation Division today announced they have received acceptance for the delivery of ADMS to the Saudi Arabian Civil Defense.
ETC's contract was awarded in December of 2008 for 3 ADMS simulators which have now been installed at three training institutes in Saudi Arabia: Riyadh, Dammam and Abha. Each of these centers offers a full team training ADMS Incident Command team training simulator that will allow the Saudi Arabian Civil Defense to train their staff on a variety of different scenarios, such as a collapsed warehouse fire, a road traffic accident involving a tanker truck, and a multistory building fire. An additional six scenarios will be provided over the course of the next several years.
For this customized ADMS, ETC worked closely with the Saudi Arabian Civil Defense to ensure ADMS meets their expectations and their training requirements. Comprehensive training was provided by ETC at the Saudi Civil Defense's facilities as well as Simulation Division's Orlando (FL) Innovation Center in preparation of the final delivery.
Marco van Wijngaarden, President of ETC Simulation, remarked, "It is a pleasure to cooperate with the ADMS project team of the Riyadh Civil Defense Institute. ETC received positive feedback on our collaboration, and met the Saudi's requirement for complete Command and Control-training. It was our first ADMS in the Arabic language. Now that the systems have been handed over, and instructors trained by ETC, staff at the three Civil Defense Institutes are ready to implement ADMS in the training curricula. In the meantime, we have started the design of the next three scenarios: high-rise building fire, collapsed building, and passenger train accident."
ADMS, the Advanced Disaster Management Simulator is a Virtual Reality Simulation Training Stage. A unique level of immersion is achieved by ETC's signature technology by blending physics-based simulation, embedded artificial intelligence, accurate animations, photo-realistic graphics, and ambient sounds. ADMS enables first responders and emergency managers to train and rehearse at all levels of response, in a safe, economical and green way.
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)
Fax: 215-357-4000
ETC - Internet Home Page:
http://www.etcusa.com
ETCC..$2.89
Environmental Tectonics Corporation Announces Additional Baramed Monoplace Hyperbaric Chamber SalesFont size: A | A | A7:30 AM ET 2/23/10 | PR Newswire
Environmental Tectonics Corporation's (OTC Bulletin Board: ETCC) ("ETC" or the "Company") Biomedical Systems Division today announced the placement of two (2) BARA-MED XD computerized monoplace hyperbaric oxygen chambers at Blue Mountain Health System Hyperbaric and Wound Care Center, Lehighton, PA.
Hyperbaric chambers are used in Hyperbaric Oxygen Therapy (HBOT), which is a non-invasive procedure where the patient breathes 100% oxygen while fully enclosed in a specially designed chamber at increased pressure. HBOT is the primary treatment for carbon monoxide poisoning, arterial gas embolism and decompression sickness. It is also used to promote and support healing in the management of conditions in which oxygen transport to the tissues has been disrupted by traumatic injury, infection, inflammation, or edema.
All of ETC's monoplace hyperbaric chambers contain a fourth generation, automated control system called O.S.C.A.R.(TM), (Operating System for Control And Recordkeeping). Among its many features, O.S.C.A.R.(TM) includes a patient friendly pressure-change technology known as SMOOTH-RIDE(TM). SMOOTH-RIDE(TM) reduces the risk of complications due to middle ear and sinus barotraumas during compression. During decompression, SMOOTH-RIDE(TM) reduces the risk of air trapping in cases of potential obstructive or restrictive pulmonary conditions, such as chronic obstructive pulmonary disease (COPD), asthma, and emphysema. SMOOTH-RIDE(TM) achieves these important risk reductions without having to increase the times of the pressure changes.
Tammy L. George, RN, BSN, Program Director for The Blue Mountain Health System Hyperbaric and Wound Care Center, stated, "We chose to go with the ETC chambers for many reasons. The most important reason was the chambers provide computerized treatment protocols with accurate dive documentation and easy-to-use litters which can be adjusted for effortless patient loading and unloading. The ETC hyperbaric chambers also provide more than ample room for patients to shift or change positions easily. Our patients are more than pleased with the chambers, which results in a better compliance ratio. Blue Mountain Health System Hyperbaric and Wound Care Center uses these hyperbaric chambers for a variety of patient issues, such as to help heal diabetic wounds and treat Osteoradionecrosis (both pre- and post-tooth extraction) as well as other Medicare covered conditions."
Bob Salmons, NE Regional Sales Manager, commented that, "Customers are purchasing ETC chambers because they demand both the quality and technology that only ETC provides."
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: http://www.etcusa.com
SOURCE Environmental Tectonics Corporation
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Quotes and other information supplied by independent providers identified on the E*TRADE vendor disclosures page
from AMEX. Was was the AMEX ticker?
SECURITY ADDITIONS
DL Date Symbol Company Name Effective Date OATS Reportable Flag Comments
5/29/2009 ETCC Environmental Tectonics Corp. Common Stock 6/1/2009 Y From AMEX (ETC)
6/3/2009 ETCC Environmental Tectonics Corp. Common Stock 6/4/2009 Y From NBB (ETCC)**
SECURITY DELETIONS
Dl Date Symbol Company Name Effective Date/Comments
6/3/2009 ETCC Environmental Tectonics Corp. Common Stock 6/4/2009 Added to OTCBB (ETCC)**
http://www.otcbb.com/asp/dailylist_search.asp?DirectSymbol=ETCC&OTCBB=ALL
ETCC.. $2.75
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: http://www.etcusa.com
SOURCE Environmental Tectonics Corporation
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ETCC.. $3.23
Cross Post..
Posted by: 10 bagger Date: Tuesday, January 12, 2010 1:43:42 PM
In reply to: 10 bagger who wrote msg# 2528 Post # of 2628
Environmental Tectonics Corporation Announces Third Quarter and ETCC.. $3.23
Year To Date Fiscal 2010 Results
PR Newswire - Jan 12 at 11:57 NONE
Company Symbols: NASDAQ-OTCBB:ETCC
SOUTHAMPTON, Pa., Jan. 12 /PRNewswire-FirstCall/ -- Environmental Tectonics Corporation (OTC Bulletin Board: ETCC) (“ETC” or the “Company”) today announced financial results for the third quarter and nine months of fiscal 2010 which ended on November 27, 2009.
The reader is referred to the Company’s Quarterly Report on Form 10-Q for the period ended November 27, 2009, filed on January 11, 2010, for additional information on the Company’s financial results.
Overview
ETC was incorporated in 1969 in Pennsylvania (USA) and we operate in two segments: the Training Services Group (TSG) and the Control Systems Group (CSG). Product categories included in TSG are pilot training and tactical flight simulators, disaster management systems and entertainment applications. The CSG segment includes sterilizers, environmental control devices and hyperbaric and hypobaric chambers along with parts and service support.
Financial Results
Thirteen weeks ended November 27, 2009 compared to thirteen weeks ended November 28, 2008
Summary Table of Results
Thirteen weeks ended: Variance Variance
November 27, November 28,
2009 2008 $ %
(amounts in thousands
except share and per
share information) ( )=Unfavorable
Sales:
Domestic $4,392 $2,702 $1,690 62.6%
US Government 2,321 367 1,954 532.4%
International 4,261 5,637 (1,376) (24.4)%
Total Sales 10,974 8,706 2,268 26.1%
Gross Profit 4,444 2,957 1,487 50.3%
Selling, general and administrative 2,905 2,434 (471) (19.4)%
Research and development (201) 247 448 181.4%
Operating profit 1,740 276 1,464 530.4%
Interest expense, net 164 417 253 60.7%
Other expense (income), net 121 (27) (148) 548.2%
Loss on extinguishment of debt 91 - (91) n/a
Income tax benefit (2,606) - 2,606 n/a
Minority interest (8) (1) 7 700.0%
Net income (loss) $3,978 $(113) $4,091 3,620.4%
Preferred stock dividends (594) (230) (364) (158.3)%
Income (loss) applicable to common
shareholders $3,384 $(343) $3,727 1,086.6%
Per share information:
Earnings (loss) per common share:
Basic $0.37 $(0.04) $0.41 1,025.0%
Diluted $0.19 $(0.04) $0.23 575.0%
Weighted average common shares:
Basic 9,071,000 9,035,000
Diluted 21,277,000 9,035,000
Net Income
The Company had a net income of $3,978,000 or $0.37 (basic) and $.19 (diluted) per share during the third quarter of fiscal 2010 compared to a net loss of $(113,000), or $(0.04) per share (basic and diluted), for the third quarter of fiscal 2009, representing an improvement of $4,091,000 in net income. The improvement reflected an increase in sales and corresponding increase in gross profit (both in dollars and in the rate as a percentage of sales) coupled with lower research and development and interest expenses. Additionally, the Company recorded an income tax benefit of $2,606,000 during the period. Acting as partial offsets were higher selling, general and administrative expenses and a loss on extinguishment of debt of $91,000.
Sales
Sales for the third quarter of fiscal 2010 were $10,974,000 as compared to $8,706,000 for the third quarter of fiscal 2009, an increase of $2,268,000 or 26.1%. Significant increases were realized geographically in the U.S. Government and Domestic areas which were partially offset by a decline in international sales.
Domestic Sales
Domestic sales in the third quarter of fiscal 2010 were $4,392,000 as compared to $2,702,000 in the third quarter of fiscal 2009, an increase of $1,690,000 or 62.6%, reflecting a significant increase in sterilizers (up $1,854,000 or 287.9%) and an increase in hyperbaric (up $222,000 or 29.2%). These increases were partially offset by a decline in environmental sales (down $525,000 or 78.7%) which in the prior period benefited from significant work on a large domestic automotive contract basically completed by the prior fiscal year end. Domestic sales represented 40.0% of the Company’s total sales in the third quarter of fiscal 2010, as compared to 31.1% for the third quarter of fiscal 2009.
U.S. Government Sales
U.S. Government sales in the third quarter of fiscal 2010 were $2,321,000 as compared to $367,000 in the third quarter of fiscal 2009, an increase of $1,954,000 or 532.4%, and represented 21.2% of total sales in the third quarter of fiscal 2010 versus 4.2% for the third quarter of fiscal 2009. Significant increases were evidenced in aircrew training systems sales reflecting three contracts with three different U.S. defense agencies. Given the existing U.S. Government sales contracts in the Company’s backlog and the potential for significant awards in the future, the Company anticipates this increase in the concentration of sales with the U.S. Government will continue.
International Sales
International sales, which include sales in the Company’s Polish subsidiary, were $4,261,000 for the third quarter of fiscal 2010 as compared to $5,637,000 in the third quarter of fiscal 2009, a decrease of $1,376,000 or 24.4%, and represented 38.8% of total sales, as compared to 64.7% in the third quarter of fiscal 2009. The unfavorable international performance reflected lower aircrew training systems sales (down $1,872,000 or 51.4% in ETC Southampton), offset in part by higher simulation sales (up $980,000 or 426.1%), both primarily for contracts in the Middle East.
Gross Profit
Gross profit for the third quarter of fiscal 2010 was $4,444,000 as compared to $2,957,000 in the third quarter of fiscal 2009, an increase of $1,487,000 or 50.3%. The favorable performance reflected the sales increase coupled with a 6.5 percentage point increase in the rate as a percentage of sales. The gross margin dollar increase primarily reflected sales and corresponding gross margin increases in sterilizers and simulation products, while favorable gross profit rates as a percentage of sales were evidenced in environmental, simulation and hyperbaric products. Gross profit as a percentage of sales was 40.5% for the third quarter of fiscal 2010 as compared to 34.0% for the prior period. Geographically, favorable gross profit rates were evidenced significantly in U.S. Government and to a lesser extent in the domestic area.
Selling and Administrative Expenses
Selling and administrative expenses for the third quarter of fiscal 2010 were $2,905,000 as compared to $2,434,000 in the third quarter of fiscal 2009, an increase of $471,000 or 19.4%. Consistent with the increased contract awards, additional spending occurred for advertising and trade shows, bid and proposal expenses and travel.
Research and Development Expenses
Research and development expenses include spending for potential new products and technologies and work performed under government grant programs, both U.S. and foreign. This spending, net of grant payments from the U.S., Polish and Turkish governments, was a net credit $201,000 for the third quarter of fiscal 2010 as compared to a $247,000 expense for the third quarter of fiscal 2009, a decrease of $448,000 or 181.4%. The current period included government grant funds in ETC Southampton, ETC-PZL, and our Turkish operation.
Interest Expense
Interest expense for the third quarter of fiscal 2010 was $164,000 as compared to $417,000 for the third quarter of fiscal 2009, representing a decrease of $253,000 or 60.7%. The decrease reflected reduced interest expense on the Company’s subordinated debt which was exchanged for preferred stock under the Lenfest Financing Transaction completed in July 2009.
Other Income/Expense
Other income/expense, net, was a net expense of $121,000 for the third quarter of fiscal 2010 versus a net income of $27,000 for the third quarter of fiscal 2009. Both periods reflected the impact of foreign currency fluctuations.
Loss on Extinguishment of Debt
During the third fiscal quarter of 2010 the Company recorded a loss on extinguishment of debt of $91,000 representing the unamortized portion of a debt discount on a $2 million loan which was repaid on September 1, 2009.
Income Taxes
The Company uses the asset and liability method of accounting for income taxes. Deferred income taxes reflect the net tax effects of temporary differences between the carrying amounts of assets and liabilities for financial and tax reporting purposes as well as the valuation of net loss carry forwards. Valuation allowances are reviewed each fiscal period to determine whether there is sufficient positive or negative evidence to support a change in judgment about the realizability of the related deferred tax asset.
Valuation allowances had been recorded against the entire deferred tax asset as of February 27, 2009 due to an uncertainty of sustaining an appropriate level of profitability in future periods. As of November 27, 2009, the Company has reviewed the components of its deferred tax asset and has determined, based upon all available information, that its current and expected future operating income will more likely than not result in the realization of a portion of its deferred tax assets relating primarily to its net operating loss carry forwards. As of November 27, 2009, the Company has approximately $36.8 million of federal net loss carry forwards available to offset future income tax liabilities, beginning to expire in 2025. In addition, the Company has the ability to offset deferred tax assets against deferred tax liabilities created for such items as depreciation and amortization. As a result of the Company’s analysis, an income tax benefit of $2,606,000 has been recorded in the thirteen week period ended November 27, 2009.
Thirty nine weeks ended November 27, 2009 compared to thirty nine weeks ended November 28, 2008
Summary Table of Results
Thirty-nine weeks ended: Variance Variance
November 27, 2009 November 28, 2008 $ %
(amounts in thousands except share and
per share information) ( ) =Unfavorable
Sales:
Domestic $9,228 $12,348 ($3,120) (25.3)%
US Government 5,833 1,742 4,091 234.9%
International 15,354 13,315 2,039 15.3%
Total Sales 30,415 27,405 3,010 11.0%
Gross Profit 13,827 7,494 6,333 84.5%
Selling, general and
administrative 8,599 8,502 (97) (1.1)%
Research and
development 254 946 692 73.2%
Operating profit
(loss) 4,974 (1,954) 6,928 354.6%
Interest expense, net 1,030 1,287 257 20.0%
Other expense, net 242 (38) (280) (736.8)%
Loss on extinguishment
of debt 315 - (315) n/a
Income tax benefit (2,606) - 2,606 n/a
Minority interest (4) (6) (2) (33.3)%
Net income (loss) 5,997 (3,197) 9,194 287.6%
Preferred stock
dividends (1,289) (695) (594) (85.5)%
Income (loss)
applicable to common
shareholders $4,708 $(3,892) $8,600 221.0%
Per share information:
Earnings (loss) per
common
share:
Basic $0.52 $(0.43) $0.95 220.9%
Diluted $0.28 $(0.43) $0.71 165.1%
Weighted average
common
shares:
Basic 9,066,000 9,035,000
Diluted 21,290,000 9,035,000
Net Income
The Company had a net income of $5,997,000 or $0.52 (basic) and $0.28 (diluted) per share during the first nine months of fiscal 2010 compared to a net loss of $(3,197,000), or $(0.43) per share (basic and diluted), for the first nine months of fiscal 2009, representing an improvement of $9,194,000 or 287.6% in net income. The improvement reflected an increase in sales and corresponding increase in gross profit (both in dollars and in the rate as a percentage of sales) coupled with lower research and development and interest expenses. Additionally, the Company recorded income tax benefit of $2,606,000 during the period. Acting as partial offsets were slightly higher selling, general and administrative expenses, other expenses and a loss on extinguishment of debt of $315,000.
Sales
Sales for the first nine months of fiscal 2010 were $30,415,000 as compared to $27,405,000 for the first nine months of fiscal 2009, an increase of $3,010,000 or 11.0%. Significant increases were realized in the U.S. Government and International areas which were partially offset by a decline in domestic sales.
Domestic Sales
Domestic sales in the first nine months of fiscal 2010 were $9,228,000 as compared to $12,348,000 in the first nine months of fiscal 2009, a decrease of $3,120,000 or 25.3%, primarily reflecting significant decreases in environmental products and hyperbaric products (down a combined $4,325,000, 61.1%) offset in part by an increase in sterilizer products (up $1,003,000, 30.6%). Environmental products in the prior period benefited from significant work on a large domestic automotive contract basically completed by the prior fiscal year end. Additionally, given that the environmental products domestic commercial market is primarily automotive, this product line has suffered in the current period from the severe contraction of the three major U.S. car manufacturers. Hyperbaric products reduced activity reflected the impact of the current economic downturn. Domestic sales represented 30.3% of the Company’s total sales in the first nine months of fiscal 2010 as compared to 45.1% for the first nine months of fiscal 2009.
U.S. Government Sales
U.S. Government sales in the first nine months of fiscal 2010 were $5,833,000 as compared to $1,742,000 in the first nine months of fiscal 2009, an increase of $4,091,000 or 234.9%, and represented 19.2% of total sales in the first nine months of fiscal 2010 versus 6.4% for the first nine months of fiscal 2009. Significant increases were evidenced in aircrew training systems sales reflecting three contracts with three different U.S. defense agencies. Given the existing U.S. Government sales contracts in the Company’s backlog and the potential for significant awards in the future, the Company anticipates this increase in the concentration of sales with the U.S. Government to continue.
International Sales
International sales, which include sales in the Company’s Polish subsidiary were $15,354,000 in the first nine months of fiscal 2010 as compared to $13,315,000 in the first nine months of fiscal 2009, an increase of $2,039,000 or 15.3%, and represented 50.5% of total sales, as compared to 48.5% in the first nine months of fiscal 2009. The favorable international performance primarily reflected higher simulation sales (up $3,553,000), offset in part by a decrease in aircrew training systems sales (down $887,000 or 10.5%), representing performance on contracts in the Middle East and Korea, respectively.
Gross Profit
Gross profit for the first nine months of fiscal 2010 was $13,827,000 as compared to $7,494,000 in the first nine months of fiscal 2009, an increase of $6,333,000 or 84.5%. The favorable performance reflected the sales increase coupled with a significant 18.1 percentage point increase in the rate as a percentage of sales. As a percentage of sales, gross profits were 45.5% for the current period compared to 27.4% for the same period a year ago. The gross margin dollar increase primarily reflected sales and corresponding gross margin increases in simulation and ATS products, while favorable gross profit rates as a percentage of sales were evidenced in all product areas. Geographically, favorable gross profit rates were evidenced significantly in the U.S. Government area.
Selling and Administrative Expenses
Selling and administrative expenses for the first nine months of fiscal 2010 were $8,599,000 as compared to $8,502,000 in the first nine months of fiscal 2009, representing a slight increase of $97,000 or 1.1%. As a percent of sales, selling, general and administrative expenses decreased 2.7 percentage points between the periods. The increase in spending in the current period reflected higher bid and proposal costs as well as increased commissions on the higher sales level and mix of contracts. These costs were partially offset by reduced legal fees.
Research and Development Expenses
Research and development expenses include spending for potential new products and technologies and work performed under government grant program, both U.S. and foreign. This spending, net of grant payments from the U.S., Polish and Turkish governments, totaled $254,000 in the first nine months of fiscal 2010 as compared to $946,000 for the first nine months of fiscal 2009, a decrease of $692,000 or 73.2%. The current period included government grant funds in ETC Southampton, ETC-PZL, and our Turkish operation.
Interest Expense
Interest expense for the first nine months of fiscal 2010 was $1,030,000 as compared to $1,287,000 for the first nine months of fiscal 2009, a decrease of $257,000 or 20.0%. The current period expense reflected a $5,054,000 increase in borrowings which was partially offset by reduced interest expense on the Company’s subordinated debt. This debt was exchanged for preferred stock under the Lenfest Financing Transaction which was completed in July 2009.
Other Income/Expense, Net
Other income/expense, net, was a net expense of $242,000 for the first nine months of fiscal 2010 versus a net income of $38,000 for the first nine months of fiscal 2009. The current period consisted primarily of foreign currency exchange losses whereas the prior period included proceeds from a property damage claim.
Loss on Extinguishment of Debt
During the first nine months of 2010 the Company recorded a loss on extinguishment of debt representing two transactions. In July 2009 the Company’s Subordinated Note was exchanged for preferred stock under the Lenfest Financing Transaction, resulting in a charge of $224,000, which represented the unamortized portion of the debt discount that was recorded at the issuance of this instrument. Additionally, a charge of $91,000 resulted from the unamortized portion of the debt discount on a $2 million note which was repaid on September 1, 2009.
Income Taxes
The Company uses the asset and liability method of accounting for income taxes. Deferred income taxes reflect the net tax effects of temporary differences between the carrying amounts of assets and liabilities for financial and tax reporting purposes as well as the valuation of net loss carry forwards. Valuation allowances are reviewed each fiscal period to determine whether there is sufficient positive or negative evidence to support a change in judgment about the realizability of the related deferred tax asset.
Valuation allowances had been recorded against the entire deferred tax asset as of February 27, 2009 due to an uncertainty of sustaining an appropriate level of profitability in future periods. As of November 27, 2009, the Company has reviewed the components of its deferred tax asset and has determined, based upon all available information, that its current and expected future operating income will more likely than not result in the realization of a portion of its deferred tax assets relating primarily to its net operating loss carry forwards. As of November 27, 2009, the Company has approximately $36.8 million of federal net loss carry forwards available to offset future income tax liabilities, beginning to expire in 2025. In addition, the Company has the ability to offset deferred tax assets against deferred tax liabilities created for such items as depreciation and amortization. As a result of the Company’s analysis, an income tax benefit of $2,606,000 has been recorded in the thirteen week period ended November 27, 2009.
Liquidity and Capital Resources
Cash increased $2,453,000 from February 27, 2009. Operating activities generated $1,165,000 of cash primarily reflecting net income and non-cash expenses which was partially offset by increases in current asset accounts. Investments required $1,616,000 reflecting equipment spending and software development. Financing activities generated $2,536,000 consisting primarily of borrowing under the Company’s line of credit and a reduction in restricted cash in the Company’s Turkish operations.
Backlog
The Company’s sales backlog at November 27, 2009 for work to be performed and revenue to be recognized under written agreements after such dates, was $105,647,000, up $61,323,000 from February 27, 2009.
Commentary
William F. Mitchell, ETC’s President and Chairman, stated, “This financial report reflects the significant impact of numerous major contracts which were booked in the last 12 months. Awards have been received from the U.S. Navy and Air Force for state-of-the-art simulators and from a long time customer in Southeast Asia for multiple aircrew training simulators.
“The increase in our cash balance is especially encouraging. ETC had been under severe cash restraints for some time. A growing company requires cash to expand its operation. With our significant backlog of contracts, our increased bank line and access through Gerry Lenfest for an additional $7.5 million to finance some of our existing and potential large U.S. Government contracts, ETC should be poised for the near future to fund its operations.”
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:http://www.etcusa.com
ETCC.. $2.00
Cross Post..
Posted by: 10 bagger Date: Thursday, December 03, 2009 8:47:54 AM
In reply to: None Post # of 2628
ETCC..News
Environmental Tectonics Corporation Awarded Contract to Deliver ADMS Simulators to Rosenbauer USA
PR Newswire - Dec 03 at 07:30 NONE
Company Symbols: NASDAQ-OTCBB:ETCC
SOUTHAMPTON, Pa., Dec. 3 /PRNewswire-FirstCall/ -- Environmental Tectonics Corporation's (OTC Bulletin Board: ETCC) ("ETC" or the "Company") Simulation Division today announced the award of a contract to deliver multiple ADMS Stinger High Reach Extendable Turret (HRET) training simulators to Rosenbauer USA.
Rosenbauer, the world's largest exporter of fire-fighting vehicles, developed a HRET for Airport Rescue Fire Fighting (ARFF) vehicles called Stinger. The Stinger is a vehicle mounted penetrator nozzle on a joystick-controlled hydraulic boom arm. It is used to penetrate the aircraft fuselage to apply agent directly to interior fires and for fighting exterior fires.
The Stinger Simulator is a portable desktop training device that consists of a computer and turret console with actual Rosenbauer turret joystick and switches. The simulator will allow ARFF vehicle operators to train on scenarios that cannot be realistically or economically replicated in conventional training. Several training scenarios will be included to train fuselage penetration and fire fighting. One of the scenarios involves the new double deck Airbus A380.
ETC's Simulation Division President, Marco van Wijngaarden, stated, "The Stinger Simulator was developed in close cooperation with Rosenbauer. The simulation of vehicle operation and fire fighting is accurate due to ETC's physics-based simulation and the graphics are outstanding. We are confident that this simulator will be appreciated by the users because it builds skills and confidence for the fire fighters in the 'hot seat' who have to operate the Stinger under stressful conditions. In addition, ETC's training simulator is a green solution and reduces operational costs."
The Stinger Simulator is built upon the proven ADMS (Advanced Disaster Management Simulator) platform. ADMS is the ultimate interactive virtual reality training simulation platform that offers a proven methodology to provide results-based and cost-effective training. Since 1995, ADMS has been used to train emergency responders around the world to better prepare to respond to incidents and disasters, and test response plans.
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)
Fax: 215-357-4000
ETCC.. $1.88..
Cross Post..
Posted by: 10 bagger Date: Wednesday, December 02, 2009 7:50:05 AM
In reply to: None Post # of 2628
ETCC..
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)
Fax: 215-357-4000
ETC - Internet Home Page http://www.etcusa.com
ETCC.. $2.00
Cross Post..
Posted by: Knowledge is King Date: Wednesday, November 25, 2009 9:39:13 AM
In reply to: Knowledge is King who wrote msg# 120506 Post # of 123248
Good news flow from ETCC continues...
(PR Wires) Environmental Tectonics Corporation Announces New Incident Command Training
Simulator for Offices of Emergency Management
SOUTHAMPTON, Pa., Nov. 25 /PRNewswire-FirstCall/ -- Environmental Tectonics
Corporation's (OTC Bulletin Board: ETCC) ("ETC" or the "Company") Simulation
Division located in Orlando, FL, and creator of the Advanced Disaster
Management Simulator (ADMS), launched today a new ADMS-COMMAND Training
Simulator designed for Offices of Emergency Management (OEM) to train
Incident Command Teams: ADMS-OEM.
With this virtual reality simulator, OEM's can train anytime, anywhere, at a
fraction of the costs of live training. Additionally, events can be
simulated that would not be feasible to train in a live setting due to
safety, security and environmental constraints. ADMS technology has been in
use for over 15 years and is rated by worldwide users as the best emergency
management simulation solution available in the market. Training staff is in
full control and can provide NIMS-compliant training. The simulator is
portable for on-site training.
The ADMS-OEM simulator is built upon the proven and renowned ADMS platform
and tailored for OEM's to ensure their specific training goals are met.
The new ADMS-OEM Simulator includes:
-- 7 INTERACTIVE EMERGENCY SCENARIOS: Mall, Port, Highway, Subway, Fuel
farm, Shelter and Airport
-- 100 FUNCTIONAL RESPONSE VEHICLES: Fire, EMS, Police, OEM, and Public
Works
-- 1 EXERCISE CONTROL TOOL: Scenario Editor, NIMS Scoring System
ADMS is a high fidelity interactive virtual reality training simulation
platform that offers a proven methodology to provide results-based and
cost-effective training. A unique level of immersion is achieved by ETC's
signature technology by blending physics-based simulation, embedded
artificial intelligence, accurate animations, photo-realistic graphics, and
ambient sounds. ADMS enables first responders and emergency managers to
train and rehearse at all levels of response. It is also used to test
emergency response plans, and to prepare for full scale exercises.
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: Tel: Fax:
Duane D. Deaner, CFO 215-355-9100 (ext.1203) 215-357-4000 ETC -
Internet Home Page: http://www.etcusa.com
ETCC $1.90
CFross Post..
Posted by: Knowledge is King Date: Thursday, November 05, 2009 9:41:35 AM
In reply to: Knowledge is King who wrote msg# 120301 Post # of 123248
ETCC out with yet another contract...
(PR Wires) PRW: Environmental Tectonics Corporation's Sterilization Systems
Division Announces Two New Contracts
PRW: Environmental Tectonics Corporation's Sterilization Systems Division Announ
ces Two New Contracts
SOUTHAMPTON, Pa., Nov. 5 /PRNewswire-FirstCall/ -- Environmental Tectonics
Corporation's (OTC Bulletin Board: ETCC) ("ETC" or the "Company")
Sterilization Systems Group (SSG), a division of ETC's Control Systems Group
(CSG), today announced the award of two new contracts for large, industrial
sized sterilization systems from previous customers. The combined contract
values exceed $700,000.
Dave Mitchell, Vice President of CSG, stated, "Although current economic
conditions have been difficult for capital purchases, ETC continues to book
repeat orders from our key account list. These customers, who include large
private companies, universities and U.S. government research facilities,
recognize ETC's almost fanatical focus on customer satisfaction and our
ability to solve even their most difficult technical and configuration
challenges. When ETC encounters a sterilization problem, its solution is the
only option we consider. Solving problems is easy; solving problems in a
simple, elegant and cost effective manner is what separates ETC from other
suppliers."
ETC's Sterilization Systems Group provides turnkey steam and Ethylene Oxide
sterilizers, services, consulting and software systems to the medical
device, pharmaceutical, biotechnology and healthcare industries.
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 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 10-K 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
ETCC.. $2.02
Cross Post..
Posted by: 10 bagger Date: Thursday, October 29, 2009 12:23:59 PM
In reply to: None Post # of 2628
ETCC.. $2.02
Environmental Tectonics Corporation's BioMedical Division Announces Multiple Hyperbaric Chamber Sales
SOUTHAMPTON, Pa., Oct. 29 /PRNewswire-FirstCall/ -- Environmental Tectonics Corporation's (OTC Bulletin Board: ETCC) ("ETC" or the "Company") BioMedical Division today announced a record month for sales of their Baramed monoplace chambers. Dave Mitchell, Vice President of ETC Controls Group, said, "A total of 15 chambers have been sold within the last 30 day period. While our industry is not immune to the current economic conditions, this record performance reflects the technological superiority of our chamber and the versatility of our O.S.C.A.R.(TM) (Operating System for Control And Recordkeeping) system."
ETC is the industry's leader in computerized monoplace hyperbaric oxygen chambers. The technology and expertise that is incorporated in ETC chambers originates from our long standing diverse corporate background in software, hardware and electrical design.
Like all monoplace hyperbaric chambers designed and manufactured by ETC BioMedical, the unit contains O.S.C.A.R.(TM), ETC's integrated computerized system which offers a comprehensive Electronic Medical Record (EMR) of the treatment each patient receives.
Our automated operating system also includes programmable treatment protocols and a patient friendly pressurization alternative (Smooth Ride(TM)), which minimizes complications due to middle ear and sinus barotraumas without increasing compression time. As an added safety feature, ETC's chambers feature a full manual override system to avoid premature termination of treatment protocol as a result of extended power outages.
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 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
ETCC.. $2.01
Cross Post..
Posted by: Knowledge is King Date: Thursday, October 15, 2009 1:15:48 PM
In reply to: Knowledge is King who wrote msg# 119681 Post # of 123248
ETCC ($2.01) PR'd $40M contract last night...
In the past 6 weeks alone the company has booked two years worth of business based on current annual revenue levels.
PRW: Environmental Tectonics Corporation Awarded Major Contract for Multiple Tac
Simulators include ATFS-400 and GL-4000
SOUTHAMPTON, Pa., Oct. 14 /PRNewswire-FirstCall/ -- Environmental Tectonics
Corporation's (OTC Bulletin Board: ETCC) ("ETC" or the "Company") Training
Services Group has been awarded a contract from a long time customer in Asia
to provide a full range of aircrew training and tactical flight simulation
devices. The contract, valued at over $40 million, includes ETC's Authentic
Tactical Flight Simulator-400 (ATFS-400) and our Gyrolab GL-4000 Spatial
Disorientation Trainer. The equipment will be built at ETC's main
manufacturing plant in Southampton, PA, USA, with support from ETC-PZL, our
subsidiary in Poland, and ETC Turkey, our subsidiary in Turkey. The contract
calls for delivery of the devices starting in early 2012 and includes
installation, training and maintenance support.
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" to replicate the performance
and feel of the aircraft and produce an authentic experience for the pilot
that rivals flying the actual aircraft. The ATFS-400 produces the most
authentic flight experience possible in a ground-based simulator and allows
pilots to hone their tactical skills at 1/28th the cost of flying the
aircraft. This will be the eleventh high performance human centrifuge built
by ETC, and the fourth ATFS-400 system in the world.
ETC's GL-4000 offers sustained G motion cuing in a high fidelity simulator.
Unlike traditional six degree of freedom (6 DoF) systems, the GL-4000
simulates the actual physiological stresses a pilot experiences while
maneuvering a high performance jet aircraft. This capability results in
maximum learning transfer to the aircraft and better trained pilots. The
GL-4000 features easily interchangeable cockpits based on ETC's Component
Based Cockpit Module (CBCM) technology. Pilots can be trained for
tactical flight maneuvering, situational awareness and spatial
disorientation in the same manner as they would train in their own actual
aircraft.
William F. Mitchell, President and Chairman of ETC, stated, "Booking this
contract is a great achievement for ETC. We have long had a significant
presence in Asia and this valued customer has ordered our latest advanced
technology. This award solidifies our leadership position in the advanced
tactical flight and aeromedical training simulation field.
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 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
ETCC.. $1.53
Cross Post..
Posted by: Knowledge is King Date: Wednesday, October 14, 2009 9:20:09 AM
In reply to: Knowledge is King who wrote msg# 118870 Post # of 123248
ETCC ($1.53) lands $38M contract...
that's another year's worth of business!
(COMTEX) B: U.S. FIRM TO SUPPLY S. KOREA WITH NEW AIR FORCE TRAINING EQUIP
MENT ( Asia Pulse )
B: U.S. FIRM TO SUPPLY S. KOREA WITH NEW AIR FORCE TRAINING EQUIPMENT ( Asia Pul
se )
SEOUL, Oct 14, 2009 (AsiaPulse via COMTEX) --
A U.S. firm was picked Wednesday
to provide the South Korean Air Force with a new set of
training systems designed to help pilots better deal with high
G forces and other critical airborne challenges, an official
said Wednesday.
Environmental Tectonics Corporation (ETC) edged out
Australia's AMST to win the bidding estimated to be worth US$38
million, Kim Young-san, spokesperson for the Seoul-based
Defense Acquisition Program Administration, told reporters.
The systems, which will be supplied and operational by 2012,
include interactive training equipment on high G forces,
spatial disorientation, situational awareness, ejection and
oxygen equipment, Kim said.
ETC was the supplier of similar systems that the South
Korean Air Force has used since 1992 to train its pilots. Kim
said the new set will replace the aging equipment currently
under use.
Pilots are exposed to various natural challenges when they
get airborne, including gravity that can knock them out of
consciousness by rapidly pulling blood down to their feet from
the heads.
ETCC.. $1.68
Cross Post..
Posted by: 10 bagger Date: Monday, October 05, 2009 2:58:11 PM
In reply to: None Post # of 2628
ETCC.. $1.68
Environmental Tectonics Corporation 40th Anniversary Honored by Congressman Patrick Murphy
SOUTHAMPTON, Pa., Oct 05, 2009 /PRNewswire-FirstCall via COMTEX/ -- Environmental
Tectonics Corporation (OTC: Bulletin Board: ETCC) ("ETC" or the "Company") today
announced that on Wednesday, September 23, 2009, Congressman Patrick J. Murphy,
D-Bucks County, entered remarks into the Congressional Record, the proceedings of
the United States Congress, honoring the fortieth anniversary of Environmental
Tectonics Corporation.
In his remarks, Rep. Murphy described ETC as "a cutting edge, high technology
manufacturing and integration company that services the requirements of a broad
base of customers." He also recognized the Company as "one of the most important
innovative manufacturers in Bucks County," and "a driving force of our economy"
that "is at the forefront of technology manufacturing." ETC's work with
institutions of higher learning and The National AeroSpace Training and Research
(NASTAR) Center's sub-orbital space flight training programs were also mentioned.
Congressman Murphy presented the Company with a copy of his remarks and a flag
that flew over the United States Capitol on September 26, the day that ETC
celebrated its 40th Anniversary.
William F. Mitchell, President and Chairman of ETC, stated, "Congressman Murphy
has been a strong supporter of ETC and we are honored that he recognized us with
his remarks in the Congressional Record. We also appreciate receiving a flag that
flew over the US Capitol on September 26, the day we celebrated our 40th
anniversary."
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 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 10 K 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, CFOTel: 215-355-9100 (ext. 1203)
Fax: 215-357-4000
ETC - Internet Home Page:http://www.etcusa.com
ETCC.. $1.84
Cross Post..
Posted by: 10 bagger Date: Thursday, September 24, 2009 9:47:24 AM
In reply to: None Post # of 123248
ETCC.. $1.84.. Update $2.00
Environmental Tectonics Corporation Announces Award of $35 Million U.S. Air Force Contract
Major Milestone in the Evolution of Tactical Flight Simulation
Source: Environmental Tectonics Corporation
On Thursday September 24, 2009, 9:40 am EDT
SOUTHAMPTON, Pa., Sept. 24 /PRNewswire-FirstCall/ -- Environmental Tectonics Corporation's (OTC Bulletin Board: ETCC - News; "ETC" or the "Company") Training Services Group has been awarded a contract by the United States Air Force to provide a high performance training and research human centrifuge. The contract, valued at over $35 million, was awarded to ETC following a competitive bid process. The device, ETC's Authentic Tactical Flight Simulator-400 (ATFS-400), will be manufactured at ETC's main manufacturing plant in Southampton, PA.
The contract calls for delivery of the device to the 711th Human Performance Wing at Wright Patterson Air Force Base in Dayton, OH, by August 2012. 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" to replicate the performance and feel of the aircraft and produce an authentic experience for the pilot that rivals flying the actual aircraft. The ATFS-400 produces the most authentic flight experience possible in a ground-based simulator and allows pilots to hone their tactical skills at 1/28th the cost of flying the aircraft. This will be the tenth high performance human centrifuge built by ETC, and the third ATFS-400 system in the world.
William F. Mitchell, President and Chairman of ETC, stated, "The U.S. Air Force is a long-time and valued customer and we are proud to be awarded this contract for the research and training centrifuge. We look forward to providing this advanced technology device that will improve the health, safety and readiness of thousands of military pilots for years to come."
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
ETCC.. $1.32
Cross post..
Posted by: 10 bagger Date: Monday, September 14, 2009 2:10:12 PM
In reply to: None Post # of 2628
ETCC..$1.32
Environmental Tectonics Corporation's Testing and Simulations Systems Division
Announces the Successful Completion of a Psychrometric Test Facility for
Alarko-Carrier in Gebze-Kocaeli, Turkey
SOUTHAMPTON, Pa., Sept 14, 2009 /PRNewswire-FirstCall via COMTEX/ --
Environmental Tectonics Corporation's (ETCC) ("ETC" or the "Company") Testing and
Simulations Systems (TSS) Division today announced the completion of a 67 ton
Psychrometric Test Facility used to test capacities of air-conditioners, heat
pumps and rooftop air-handling units.
Ziki Arici, Engineering Manager, Alarko Carrier Sans Tic AS, stated, "There is no
doubt that your achievements will be spoken of for some time to come and that the
admiration for your accomplishments is felt by all of us within our company.
Please accept my heartiest congratulations for your success."
Theresa Wagner, TSS Sales & Marketing Manager, stated, "ETC is committed to
providing quality test equipment for certification and validation of
air-conditioning products, no matter how long or difficult the challenge."
ETC has been designing and manufacturing Testing and Simulations Systems for the
Automotive and HVAC Industries for over 37 years. The test systems designed
includes Environmentally Controlled Chambers, Psychrometric Test Rooms, A/C
Systems Test Benches and Calorimeters, Component and Full Vehicle Development
Wind Tunnels, Engine Development Systems and Emissions Testing Systems.
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
ETCC.. $1.20
Cross post..
Posted by: 10 bagger Date: Tuesday, September 01, 2009 12:17:22 PM
In reply to: 10 bagger who wrote msg# 2307 Post # of 2628
ETCC.. $1.20
Environmental Tectonics Corporation's BioMedical Systems Division Announces the Sale of a Monoplace Hyperbaric Chamber
PR Newswire - Sep 01 at 11:25 NONE
Company Symbols: NASDAQ-OTCBB:ETCC
SOUTHAMPTON, Pa., Sept. 1 /PRNewswire-FirstCall/ -- Environmental Tectonics Corporation's (OTC Bulletin Board: ETCC) ("ETC" or the "Company") BioMedical Systems Division today announced the sale of a BARA-MED((R)) XD Monoplace Hyperbaric Chamber to Dr. Garrett Post, a family practitioner serving the Atlanta, Georgia area.
Hyperbaric Oxygen Therapy (HBOT) is a non-invasive therapy. In its clinical applications, the patient breathes 100% oxygen while fully enclosed in a specially designed chamber at ambient pressures up to three time's normal atmospheric pressure. HBOT is used to promote and support healing in the management of conditions in which oxygen transport to the tissues has been disrupted by traumatic injury, infection, inflammation, or edema.
Dr. Post commented, "The decision to acquire the ETC BARA-MED((R)) XD hyperbaric chamber was based largely on its computer operating system. ETC's Operating System for Control And Recordkeeping ("O.S.C.A.R." (TM)) is the only chamber on the market that provided both electronic medical records (EMR) and automation of the chamber, saving us time and money".
ETC is the manufacturer of the BARA-MED((R)) and BARA-MED((R)) XD, computerized monoplace hyperbaric chambers. O.S.C.A.R.(TM), is based on a 4th generation Windows(TM) based operating system, which produces a comprehensive EMR of each HBOT treatment. This automated system eliminates the need for operator dive time management and paper recordkeeping while ensuring comprehensive documentation of the treatment.
Don Webber, Vice President of Sales for ETC's BioMedical Division, stated, "The hyperbaric community is turning to ETC for automated hyperbaric chambers that provide patient comfort and safety. Our chambers reflect the latest in technology from ETC, a leader in mechanical and software engineering."
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
ETCC $0.60
Cross post..
Posted by: 10 bagger Date: Monday, August 17, 2009 10:05:21 AM
In reply to: None Post # of 123248
ETCC..$0.80
Insider pays $1.25 on Friday and I buy at $0.60 today...???
08/17/09 9:47 AM EDT Buy 1648 ETCC Executed @ $0.6 Details | Edit
08/17/09 9:45 AM EDT Buy 2500 ETCC Executed @ $0.6 Details | Edit
Any one have any thoughts,, No news out there that I can find..hank
ETCC.. Cross Post..
Posted by: Knowledge is King Date: Thursday, August 13, 2009 12:08:42 PM
In reply to: Knowledge is King who wrote msg# 115939 Post # of 123248
ETCC lands a nice contract
"This will mark the first time the U.S. Department of Defense has trained with ADMS.'
PRW: Environmental Tectonics Corporation's Simulation Division Awarded Contract
to Provide Advanced Disaster Management Simulator Training Services for the Tenn
essee Air National Guard
SOUTHAMPTON, Pa., Aug. 13/PRNewswire-FirstCall/ --Environmental Tectonics
Corporation's (OTC Bulletin Board: ETCC) ("ETC" or the "Company") Simulation
Division today announced the signing of a contract with the Tennessee Air
National Guard to provide training services utilizing the ADMS (Advanced
Disaster Management Simulator).
The Tennessee Air National Guard, charged with preparing staff for response
to incidents and disasters, selected ADMS to create realistic training
conditions.
Over the course of a 3-day period, the Air National Guard will train their
members in command, control, coordination and communication in a variety of
simulated incidents and disasters including aircraft crash, hazardous
material incident, and infectious disease. Local responders will also
participate in the incident management training program.
ADMS simulation based training's benefits include the capability to attain a
significant level of proficiency in a relatively short time. ADMS is easy to
organize and it is a green solution. Without the wear and tear on
resources, training can be done at a fraction of the cost of live training.
The ADMS COMMAND training system will allow the Air National Guard to train
on scenarios that are similar to incidents they might face in reality. ADMS
allows the Guard to train for situations that cannot be realistically or
economically replicated in conventional training under the safety veil of a
simulated environment. ADMS simulation provides an immersive environment
with "any time any where" flexibility. Training can be effected as many
times as they deem necessary to reach their specific training goals. And
ADMS training bridges the gap between classroom instruction and live
exercises.
ETC's Simulation Division President, Marco van Wijngaarden, remarked, "This
will mark the first time the U.S. Department of Defense has trained with
ADMS. We are proud to work with the DoD and contribute to the nation's
security through our robust and proven training solution."
ADMS is a true to life virtual reality team training simulation platform
used for training incident command and vehicle operation. ADMS is unique
due to its high-end simulation of incidents, people and resources, generated
by physics based simulation and embedded artificial intelligence and
surrounded with photorealistic visualizations and ambient sounds. It offers
a proven methodology to provide results-based and cost-effective training.
Since 1995, ADMS has been used to train emergency responders around the
world, as well as used to test emergency response plans. ADMS trains first
responders worldwide.
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 10 K 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
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