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Southampton, PA: May 19, 2004. Environmental Tectonics Corporation (AMEX:ETC). Tactical aircraft play a critical role in America's war on terrorism. Tactical pilots need authentic hands-on experience to maintain the complex tactical maneuvering skills. Perfecting these skills in airborne training and exercise is expensive, risky and expends millions of gallons of fuel.
A revolutionary new technology called the Authentic Tactical Flight Simulator (Model ATFS 400) developed by Environmental Tectonics Corporation now offers pilots a ground-based simulator that provides more realistic tactical air combat experience at a much lower cost per event without the risk of airborne training. Deploying the new technology and transferring even a small fraction of airborne training to the ATFS 400 will save hundreds of millions of tax dollars, eliminate the ever-present risk of live combat maneuvering practice engagement - and save millions of gallons of scarce fuel. As high performance fighter aircraft maneuver, pilots are subjected to a high force called "G". Anyone who has seen the movie "Top Gun" or has watched the Blue Angels or Thunderbirds perform has seen "high G" in action. Tactical pilots must learn to out-maneuver enemy missiles, ground-fire and aircraft by using their own complex weapons and mission systems while precisely flying their aircraft in the high G maneuvers. ATFS 400 is a high fidelity tactical maneuvering simulator integrated into a high performance centrifuge. ATFS 400 gives pilots a much more realistic tactical environment and the high fidelity G's. The unique capability makes ATFS 400 the first truly authentic tactical maneuvering flight simulator. The first prototype ATFS 400 (now finishing factory testing at the ETC plant in Southampton, Pa) has been purchased by a South Asian nation. This system will now be shipped to Asia for installation in the customer's operational site. ETC demonstrated the capability and advantages of the system in an open exercise called Orange Flag in January 2004. Based on the positive response from the pilots and government officials that have flown the simulator, ETC has proposed a program to develop an operational prototype for the U.S. military tactical air forces. The government is now considering program options. 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 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, political unrest in customer countries, unfavorable results of litigation, general economic conditions, and those issues identified from time to time in our Securities and Exchange Commission filing 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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