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Southampton, PA: March 31, 2004. Environmental Tectonics Corporation (AMEX:ETC) today announced that it has been awarded a contract by a Philadelphia-area hospital to supply one BARA-MED® monoplace hyperbaric chamber. The chamber will be integrated into the hospital's existing wound care program but will also provide hyperbaric oxygen therapy (HBO) for other clinical departments as needed. In obtaining this contract, ETC has worked closely with the hospital and their architectural and engineering consultants to help ensure that the hyperbaric chamber installation meets requirements for operational efficiency, patient comfort, and the latest safety standards for healthcare facilities. Like all BARA-MED® monoplace chambers, the unit to be delivered features a standard, PC-based automatic control system that now incorporates ETC's patient-friendly Smooth-Ride™ compression protocol. Practical experience over the last year with this compression protocol has reconfirmed US Air Force research. It dramatically reduces discomfort and complications due to middle ear squeeze during chamber pressurization. Russell E. Peterson, Ph.D., Director of the Biomedical Group, stated, "We work hard to provide our customers the best support and equipment possible. One of the major factors in this customer's selection of ETC was the level of assistance we provided prior to their purchase and will be providing afterwards in regards to chamber operation and their growth in the application of hyperbaric oxygen therapy to meet the medical needs of their community." Currently, both in the United States 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. As this development occurs, ETC's BioMedical Systems Group strives to keep its equipment and customers at the forefront of hyperbaric medicine. As a consequence, in addition to their regular use in clinical treatments at medical facilities around the world, ETC hyperbaric chambers are routinely involved in research on new indications for which HBO holds promise. 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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