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Southampton, PA: March 3, 2004-Environmental Tectonics Corporation (AMEX:ETC) has been awarded a contract by the US Army Corp of Engineers, worth approximately $1.6 Million, to supply one BARA-MED® Model 6/2/6 Multiplace Hyperbaric Chamber and one BARA-MED® Clinical Acrylic Monoplace Hyperbaric Chamber to an international customer. These chambers will be integrated into their clinical management program and provide hyperbaric oxygen therapy for all departments as needed. As a part of this contract, ETC will provide building modifications and improvements to ensure that the chamber facility meets or exceeds the latest international standards for healthcare and hyperbaric installations.
Both chambers are computer-controlled and include ETC's patient-friendly Smooth-Ride™ compression protocol. They will be outfitted with a full suite of medical monitoring and support equipment that includes ECG, temperature, respiration, pulse / heart rate, non-invasive blood pressure, and transcutaneous oxygen monitoring, as well as IV infusion, and mechanical ventilation. This complete monitoring suite ensures the chambers are capable of providing the support necessary for critical care patients, as well as providing outpatient chronic care treatments. The integration of both chambers into a single facility will provide the customer with the ultimate flexibility for case management. Russell E. Peterson, Ph.D., Director of the BioMedical Systems Group, stated "ETC offers the most technically advanced and capable monoplace and multiplace chambers available in the world. Integral monitoring interfaces, a curvilinear compression profile only practical with computer control, and other features are standard and unique to the BARA-MED® family of hyperbaric chambers. These, coupled with our ability to provide customers with support beyond simple provision of a chamber, were key factors in the decision-making process used by our customer." Currently, both in the US and overseas, only a small percentage of hospitals offer hyperbaric oxygen therapy. The number of chambers is increasing, however, as the benefits of hyperbaric medicine become more widely recognized by mainstream medicine. ETC's BioMedical Systems Group and our customers remain at the forefront of hyperbaric medicine, in equipment, research, and application. In addition to their regular use in clinical treatments at some of the best medical facilities around the world, ETC hyperbaric chambers are routinely involved in research on new indications for which HBO holds promise, and on the refinement of treatment protocols for established indications. 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 press release may include 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", "should", "could", "would", "expect", "plan", "anticipate", "believe", "estimate", "continue", or the negative of such terms or similar expressions. Factors that might cause or contribute to such a discrepancy include, but are not limited to, contract cancellations, failure to obtain new contracts, political unrest in customer countries, unfavorable results in litigation, 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 28, 2003. |
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