Environmental Tectonics Corporation's BioMedical Division's Hyperbaric Chambers Address U.S. President Obama's Initiative to Com
February 23 2009 - 7:30AM
PR Newswire (US)
SOUTHAMPTON, Pa., Feb. 23 /PRNewswire-FirstCall/ -- Environmental
Tectonics Corporation (AMEX:ETC) ("ETC" or the "Company") today
announced that their BioMedical Division's Hyperbaric Chambers are
equipped to satisfy the requirements of Electronic Medical Records
(EMR) compilation. In a speech at George Mason University on
January 8, 2009, then President-Elect Barack Obama stated, "...To
improve the quality of our health care while lowering its costs, we
will make the immediate investments necessary to ensure that within
five years, all of America's medical records are
computerized......" On February 17, 2009 President Obama signed
into law an $838 billion economic stimulus bill that would provide
$19 billion to implement electronic health records and other
information technology. The sentiments expressed by President Obama
and indicated in the stimulus package regarding Electronic Medical
Records (EMR) have been foreseen and ETC is poised to meet the
challenges of EMR with O.S.C.A.R.(TM) (Operating System for Control
And Recordkeeping). This advanced recordkeeping system is included
on all of ETC's chambers. This technology is an important
characteristic of our BARA-MED(R) and BARA-MED(R) XD monoplace
hyperbaric chambers. O.S.C.A.R.(TM) is the integrated computerized
basis of our monoplace hyperbaric chambers. The technology in
O.S.C.A.R.(TM) offers a comprehensive EMR of the Hyperbaric Oxygen
Therapy (HBO) treatment received by each patient. Hyperbaric
chambers are used in HBO which is a non-invasive procedure where
the patient breathes 100% oxygen while fully enclosed in a
specially designed chamber at increased atmospheric pressure. HBO
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. Gene Davis, President of the
BioMedical Division, stated, "Hospitals are turning to ETC's
equipment to prepare for the upcoming changes in EMR. The HBO
industry demands the best and latest technology and ETC's chambers
meet that challenge. As wound care clinics and hospitals go
paperless, the full benefit of the BARA-MED(R) and BARA-MED(R) XD
chambers will be appreciated with integration of O.S.C.A.R.(TM)."
ETC designs, develops, installs and maintains aircrew training
systems (aeromedical, tactical combat and general), disaster
management training systems and services, entertainment products,
sterilizers (steam and gas), environmental testing products,
hyperbaric chambers and related products for domestic and
international customers. 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) potential additional funding by Lenfest, (ii) the potential
delisting of the Company's common stock from the American Stock
Exchange as a result of the Company's failure to comply with the
AMEX listing standards, (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 29, 2008, 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/
DATASOURCE: Environmental Tectonics Corporation CONTACT: Duane D.
Deaner, CFO, +1-215-355-9100 (ext. 1203), Fax: +1-215-357-4000 Web
Site: http://www.etcusa.com/
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