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SOUTHAMPTON, Pa., October 14, 2004 -- Environmental Tectonics Corporation (Amex: ETC) today announced its successful participation in the world's oldest tri-services defense exhibition held last week in Athens, Greece.
DEFENDORY International 2004, one of the premier defense exhibitions for the defense community worldwide, is held in Piraeus, Greece every two years, and is organized by the Institute of Industrial Exhibitions, in cooperation with the Hellenic Ministry of National Defense. The exhibition was attended by approximately 500 exhibitors from 34 countries, and attracted over 30,000 defense industry business visitors and government officials from 70 countries, including 60 foreign national military delegations from the Middle and Near East, Africa, Asia, Europe, and America. Thirty-two of the finest U.S. defense corporations joined ETC in the U.S. Pavilion at Defendory, multiplying the effectiveness of our marketing efforts. ETC's technologies and customers span the globe and our participation in Defendory 2004 not only provided a forum to showcase our technologies, but also confirms our commitment of working directly with customers, and addressing their needs. For example, with the Hellenic Air Force Centrifuge tender due soon, ETC is at the forefront to help the customer select the best features for their needs and applications. Participation in shows like Defendory 2004 allow ETC to update our technologies to meet the needs of the International community. ETC presented the G-FET II, the world's most advanced tactical flight simulator.The G-FET II ATFS-400 (the "ATFS-400") combines the latest available flight simulation technology to optimize flight fidelity. This technology includes high-fidelity aircraft-specific cockpits, offensive and defensive mission systems, realistic wide field of view visual displays and virtual battle space. Additionally, the ATFS-400 provides the proprietary ETC technology of G-pointing that provides the pilot with the same sustained G that he experiences during actual combat maneuvering. ETC's breakthrough technology allows a pilot to hone critical air combat skills in a safe and economical environment at 1/20th the cost of flying in the aircraft. Savings include reduced fuel consumption and reduced aircraft wear. Even greater savings are realized through lowered accident rates since the pilot can rehearse the aircraft mission in the ATFS-400 before the actual flight. The capability to rehearse results in the pilot having higher Situational Awareness in the aircraft and therefore the potential for aircraft mishaps is reduced. William F. Mitchell, ETC's President and Chairman, said, "ETC has aggressively pursued leading edge technology over the past 35 years and our efforts have established us as the world leader in aeromedical training and full fidelity flight simulation. The ATFS-400 sets a world benchmark by integrating high-fidelity simulation with aeromedical training for human factors. Given that 85% of today's aircraft mishaps are caused by human factors, the ATFS-400's potential payback is enormous." 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, 2004. |
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