ETC's Aircrew Training Systems Awarded Multiple Contracts Totaling $22 Million
(Thomson Reuters ONE) -
For Immediate Release
SOUTHAMPTON, PA, USA, February 20, 2017 - 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 $22
million for customers in Asia, the United States, and the Middle East.
Products to be provided under the contracts include:
· An upgrade of a human centrifuge that has reached its useful life to ETC's
Authentic Tactical Flight Simulator (ATFS-400)
· A suite of interactive motion based simulation and virtual reality
equipment
· Several maintenance contracts
"These contracts reflect ETC's global leadership in human centrifuge and motion
based technology. We are proud to supply these important customers with
products and services designed to bring physiological realism to their aviation
training and simulation capabilities." 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 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 Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: ETC via GlobeNewswire
Datum: 20.02.2017 - 14:00 Uhr
Sprache: Deutsch
News-ID 525212
Anzahl Zeichen: 3850
contact information:
Town:
Southampton
Kategorie:
Business News
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