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
