| SOUTHAMPTON, Pa., May 6 /PRNewswire-FirstCall/ -- Environmental Tectonics
Corporation (Amex: ETC) continues to maintain its position as the premier
supplier of environmental test equipment in China. ETC was recently awarded a
contract in excess of $1 million to build a drive-in chamber for Hafei Motor
Company in Haerbin, China. The new facility will be able to perform air
conditioning system performance tests; high and low temperature tests as well
as emissions certification tests. ETC will be working with Burke E Porter who
is providing the chassis dynamometer and the robot driver and Horiba who is
supplying the emissions equipment. The new facility will be used to support Hafei's long-term research and development program. The company is a leading minivan maker and a national small motor vehicles source in China. Minicar production started in 1993 on a very small scale which has gradually increased. Their product line has been enhanced by licenses with Daewoo and Mitsubishi and the development of a Pininfarina-designed minivan. Haroon Haider, Business Unit Manager for the Test and Simulation Systems Group, said: "This project underlines our reputation for providing cost- effective state-of-the-art test facilities throughout the world and enhances our abilities and presence in the Chinese market. It is also a recognition of our commitment to support the developing Chinese automotive industry." 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. The environmental test and simulation division builds test facilities for simulating, repeating and controlling climatic conditions for the automotive, HVAC and other industries. 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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