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SOUTHAMPTON, Pa., March 9 /PRNewswire-FirstCall/ -- Environmental
Tectonics Corporation (Amex: ETC) today announced receipt of a contract from
the United States Army Corps of Engineers for a Pilot Selection Center and
Night Vision and Night Vision Goggle Training Facility. These state-of-the-
art facilities are part of a Foreign Military Sales purchase and will be
installed in an international aeromedical center in March 2005. The value of
this contract is just under $3.0 million. ETC's Pilot Selection System combines leading-edge technology computerized assessment with specialized psychomotor and suitability for flight testing to develop an objective, composite profile of pilot candidates. General ability, psychological stability, psychomotor skills, and suitability for flight training are measured to determine which candidates are the best suited for flight training. The ETC Pilot Selection System provides customer air forces with significant training cost savings through reduced flight training eliminations. Since aircraft and tactics are becoming increasingly sophisticated, demands on the pilot are higher today than ever before and with future aircraft these demands will only increase. Accordingly, only the best candidates must be selected for pilot duty. ETC's Pilot Selection System provides the means to make this critical selection. ETC's Night Vision and Night Vision Goggle Training System (NVTS / NVGTS) provides automated training for safe, effective night operations. The NVTS is used to teach pilots to optimize their ability to see at night with their unaided eyes. The NVGTS is used to teach pilots how to best use their Night Vision Goggles to maximize their effectiveness and safety when flying while using night vision goggles. William F. Mitchell, ETC's President and Chairman, commented, "ETC continues to provide the latest simulation and training technology to the world. Pilots will benefit from ETC's technology for years to come, enjoying increased effectiveness and higher levels of safety. Air Forces will benefit economically and with higher quality pilots for their sophisticated aircraft." 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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