| SOUTHAMPTON, Pa., Jan. 15 /PRNewswire-FirstCall/ -- Environmental
Tectonics Corporation (Amex: ETC) has been awarded a contract to supply one of
its BARA-MED® Monoplace Hyperbaric Chambers to a leading Treatment,
Convalescent and Rehabilitation Medical Center near Haiphong, Vietnam. The
BARA-MED® will be integrated into their clinical management program and
provide hyperbaric oxygen therapy for all departments as needed. We have been
informed that this will be the most advanced monoplace hyperbaric chamber to
be installed in Vietnam. Michael W. Allen, Vice President of ETC's BioMedical Systems Group, said: "This sale comes as a direct result of the efforts made by our sales and support group in S.E. Asia. We have technical support available in several S.E. Asian countries. In this instance, one of our factory trained technical personnel based in Thailand will travel to Vietnam to install the BARA-MED® and provide operator training. This is the third new country we have opened up for our hyperbaric products in the past two years. Developing and expanding our presence in overseas markets has always been a focus for ETC and gives us the ability to deal more effectively with the economic situation in the domestic market at this time. "We have the most technically advanced and capable monoplace chamber available. Integral monitoring interfaces, a curvilinear compression profile only practical with computer control and other features are standard and unique to the BARA-MED®. This, coupled with the many man-years of experience our senior staff have in the field of hyperbaric medicine, gives us the unique ability to be more than simply a chamber provider. We always work to develop a singular relationship with our customers in order to help them get the most out of their investment. This works well for both the hospital and their patients. Ability to provide support is key to success in any market and was certainly an important factor in the decision making process used by our customer in Vietnam. "Currently, the number of hospitals actively looking at hyperbaric oxygen therapy is increasing as the benefits of hyperbaric medicine become more widely recognized. The pace of this expansion is governed by many factors, not least the way in which medical services are structured in any given country. In the U.S. for example, Medicare has recently made changes to the reimbursement rate for hyperbaric oxygen therapy and added lower extremity non-healing diabetic wounds to the list of reimbursed conditions. As hospitals and doctors are coming under increasing financial pressure, these changes offer them a significant opportunity to both broaden their revenue stream and provide enhanced patient services to attract more referrals." The ETC BARA-MED® monoplace hyperbaric chamber offers the most cost-effective way for a hospital to put together a hyperbaric service. One can be set up at minimal cost and easily extended as patient load demands thus ensuring that income and expenditure can be closely matched to maximize return on investment. ETC designs, develops, installs and maintains aircrew training systems, public entertainment systems, process simulation systems (sterilization and environmental), clinical hyperbaric systems, environmental testing and simulation systems, and related products for domestic and international customers. This report contains certain 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. We have based these forward-looking statements on our current expectations and projections about future events. These forward-looking statements are subject to known and unknown risks, uncertainties and assumptions about the Company that may cause our actual results, levels of activity, performance or achievements to be materially different from any other future results, levels of activity, performance or achievements expressed or implied by such forward-looking statements. In some cases, you can identify forward-looking statements by terminology such as "may", "will", "could", "would", "expect", "plan", "anticipate", "believe", "estimate", "continue", or the negative of such terms or similar expressions. Factors that may cause or contribute to such a discrepancy include, but are not limited to, contract cancellations, political unrest in customer countries, general economic conditions, and those issues identified from time to time in our Securities and Exchange Commission filings and other public documents, including, without limitation, our Annual Report on Form 10-K for the fiscal year ended February 22, 2002. |
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