Environmental Tectonics Corporation's Simulation Division Awarded Contract to Develop Advanced Disaster Management Simulator (AD
May 26 2009 - 7:30AM
PR Newswire (US)
SOUTHAMPTON, Pa., May 26 /PRNewswire-FirstCall/ -- Environmental
Tectonics Corporation's (NYSE AMEX LLC: ETC) ("ETC" or the
"Company") Simulation Division today announced the signing of a
contract with the City of Los Angeles to create Incident Command
training simulators for the Port of Los Angeles (Port of LA). The
Port of Los Angeles, known as "America's Port," is the largest port
on the West Coast and the number one port in all of the United
States in terms of container volume and cargo. Additionally, the
Port of LA services over one million passengers per year. Spanning
over 7,500 acres, it has fire departments strategically located in
4 different locations. The Port of LA takes safety, security and
emergency preparedness very seriously and is known to have the
largest dedicated port police force in the United States. Port of
LA officials will use ADMS to train their police, fire, and
homeland security personnel to enhance their already robust
training program in an effort to continue their mission to make
security a priority and their first responders the best in the
business. As noted on their website, "It is the intention of the
Port of Los Angeles to be the safety and security model for major
ports around the world." ETC Simulation is proud to be supporting
this mission with ADMS. Simulation Division President Marco van
Wijngaarden commented, "ETC's ADMS is a significant addition to the
Port of LA's vigorous emergency preparedness program. The Port of
LA joins ETC's premiere list of highly visible clients who utilize
ADMS. We look forward to a long-lasting relationship with this
prestigious customer on the West Coast." ADMS is a truly
interactive team training simulator that offers a proven
methodology to provide results-based and cost-effective training.
ADMS offers true-to-life experience using physics-based simulation,
embedded artificial intelligence and high-end training stages. Any
decision of trainees drives the outcome of the open ended
scenarios, making the trainees to experience the consequences of
their on-going decisions. Since 1995, ADMS has been used to train
emergency responders, and used to test emergency response plans.
ADMS is used at a variety of organizations and industries, ranging
from seaports to airports to cities, and premier emergency
management institutions. Thousands of emergency response trainees
around the world train with ADMS annually. 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; (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; (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) potential
additional funding by H.F. Lenfest, a member of our Board of
Directors and a significant shareholder and PNC Bank, (ii) the
delisting of the Company's common stock from the NYSE AMEX LLC
(formerly the American Stock Exchange) (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/
DATASOURCE: Environmental Tectonics Corporation CONTACT: Duane D.
Deaner, CFO of Environmental Tectonics Corporation, +1-215-355-9100
ext. 1203, Fax, +1-215-357-4000 Web Site: http://www.etcusa.com/
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