ETC's Aircrew Training Systems Awarded Multiple Contracts Totaling $45.4 Million
(Thomson Reuters ONE) -
For Immediate Release
SOUTHAMPTON, PA, USA, April 14, 2015 - Environmental Tectonics Corporation's
(OTC Pink: ETCC) ("ETC" or the "Company") Aircrew Training Systems ("ATS")
business unit announced today the award of multiple contracts totaling $45.4M
for customers in the Middle East, Southeast Asia, and Europe.
Products to be provided under the contracts include:
· an authentic tactical flight simulator ("ATFS-300") with spatial
disorientation training capabilities
· an eight person multiplace rectangular hyperbaric chamber,
· two altitude (hypobaric) chambers (one twelve person and one sixteen
person),
· two ejection seat simulators,
· a night vision/night vision goggle trainer, and
· a parachute descent and landing simulator.
The services portion of the contracts provides integrated logistics services,
pilot physiology, and personnel training services through ETC's AMTI, and
facility support services.
"These contracts represent significant milestones for ETC. We are proud to
supply these important customers with products and services designed to aid them
in increasing their aviation training capabilities in many specific training
areas." states Robert L. Laurent, Jr., CEO and President.
______________
About ETC:
ETC designs, manufactures, and sells software driven products and services used
to recreate and monitor the physiological effects of motion on humans, and
equipment to control, modify, simulate and measure environmental conditions.
Our products include aircrew training systems (aeromedical, tactical combat, and
general), disaster management systems, sterilizers (steam and gas),
environmental testing products, hyperbaric chambers, and other products that
involve similar manufacturing techniques and engineering technologies. ETC's
unique ability to offer complete systems, designed and produced to high
technical standards, sets it apart from its competition. ETC is headquartered
in Southampton, PA. For more information about ETC, visit
http://www.etcusa.com/.
Forward-looking Statements:
This news release contains forward-looking statements, which are based on
management's expectations and are subject to uncertainties and changes in
circumstances. Words and expressions reflecting something other than historical
fact are intended to identify forward-looking statements, and these statements
may include terminology such as "may", "will", "should", "expect", "plan",
"anticipate", "believe", "estimate", "future", "predict", "potential", "intend",
or "continue", and similar expressions. We base our forward-looking statements
on our current expectations and projections about future events or future
financial performance. Our forward-looking statements are subject to known and
unknown risks, uncertainties and assumptions about ETC and its subsidiaries that
may cause actual results to be materially different from any future results
implied by these forward-looking statements. We caution you not to place undue
reliance on these forward-looking statements.
Contact: Mark Prudenti, CFO
Phone: 215-355-9100 x1531
E-mail: mprudenti(at)etcusa.com
###
This announcement is distributed by GlobeNewswire on behalf of
GlobeNewswire clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: ETC via GlobeNewswire
[HUG#1911027]
Datum: 14.04.2015 - 14:30 Uhr
Sprache: Deutsch
News-ID 385596
Anzahl Zeichen: 4388
contact information:
Town:
Southampton
Kategorie:
Business News
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