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Southampton, PA: May 26, 2004. Environmental Tectonics Corporation (AMEX:ETC) announced today that it has been awarded a subcontract by an American company, worth approximately 2.24 Million dollars, to supply two BARA-MED® Multiplace Hyperbaric Chambers to the navy of a country in the Middle East. The chambers will be installed in separate hospitals. Both chambers will be computer-controlled and will 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 monitoring and support suite ensures the chambers will be capable of providing treatments to critical care patients as well as outpatients with chronic conditions. In addition, the chamber interior is outfitted with a sink and toilet to provide the capability to conduct the extended-duration treatments that may be required for patients with DCS or gas embolism. ETC will provide installation services and a set of spare parts. Operations and maintenance training for the chamber staff, and hyperbaric medicine training for physicians is included in the package. Russell E. Peterson, Ph.D., Director of the BioMedical Systems Group, stated "The customer's unwavering desire to have the most technically advanced and capable multiplace chambers available in the world, coupled with their faith in ETC's ability to arrange for outstanding medical training for its physicians and operators, were important factors in their decision. They knew that 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." 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 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", "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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