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Environmental Tectonics Corporation Reports Their G-Lab Human Centrifuge Trains an Additional Approximately 1000 Pilots at Holloman Air Force Base in New Mexico, USA
Southampton, PA, February 3, 2010 - Environmental Tectonics Corporation (OTC Bulletin Board: ETCC) ("ETC" or the "Company") announced today that Holloman Air Force Base, located in New Mexico, trained an additional approximately 1,000 pilots on its G-LAB® Human Centrifuge during 2009. This brings the total pilots trained since the device was commissioned to almost 31,000 students. The USAF purchased the G-LAB in 1988 and over the past 21 years has utilized the G-LAB as the primary centrifuge for the United States Air Force High-G training program, responsible for reducing the number of G-induced Loss of Consciousness (G-LOC) mishaps (both Class A and C) by more than fifty percent. In addition to training U.S. pilots, the Air Force Physiology Training unit has trained pilots from Canada, Japan, Korea, Israel, Jordan, Bahrain, Pakistan, Australia, Poland, Italy, Taiwan, Singapore, Chile, United Kingdom, Sweden, Switzerland, Czechoslovakia, Egypt, Finland, Germany, Turkey, Kuwait, Saudi Arabia, and a variety of others. G-LOC and High-G unusual attitude conditions are a constant threat to the aircrew of high performance fighter and attack aircraft. These dangers will become even greater in the future, as high airspeeds, low altitude, and super maneuverability of modern aircraft such as the F-22 and F-35 Joint Strike Fighter will place even greater demands on the physical capabilities of pilots. G-tolerance training and dynamic flight simulation, using ETC's latest generation High Performance Human Centrifuge, the Authentic Tactical Flight Simulator -400 (ATFS-400), are the most effective ways to increase aircrew G-tolerance while training them in an authentic tactical environment. ETC, the world leader in High Performance Human Centrifuge design and manufacture, has provided Aircrew Training Systems and Flight Trainers to military and civil agencies worldwide since the mid-1980's. William F. Mitchell, ETC's President & CEO, noted, "We are pleased that the G-LAB continues to train pilots for both the USAF and a variety of International militaries and that the age of the installed unit at Holloman is in no way reflective of the efficiency, cost effectiveness and value of the system." ETC's on-site engineer and Service Manager, Mr. Steve Arnold, noted, "The G-LAB continues to exhibit an exemplary service rate (greater than 99%) and is the most highly utilized centrifuge in the world. ETC designs, develops, installs and maintains aircrew training systems (aeromedical, tactical combat and general), disaster management training systems and services, entertainment products, sterilizers (steam and gas), environmental testing products, hyperbaric chambers and related products for domestic and international customers. This press release includes 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, as amended. These forward-looking statements are based on ETC´s current expectations and projections about future events. These forward-looking statements are subject to known and unknown risks, uncertainties and assumptions about ETC´s and its subsidiaries that may cause actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. These forward-looking statements include statements with respect to the Company´s vision, mission, strategies, goals, beliefs, plans, objectives, expectations, anticipations, estimates, intentions, financial condition, results of operations, future performance and business of the company, including but not limited to, (i) potential additional funding by Lenfest, (ii) the potential delisting of the Company´s common stock from the American Stock Exchange as a result of the Company´s failure to comply with the AMEX listing standards, (iii) projections of revenues, costs of materials, income or loss, earnings or loss per share, capital expenditures, growth prospects, dividends, capital structure, other financial items and the effects of currency fluctuations, (iv) statements of our plans and objectives of the Company or its management or Board of Directors, including the introduction of new products, or estimates or predictions of actions of customers, suppliers, competitors or regulatory authorities, (v) statements of future economic performance, (vi) statements of assumptions and other statements about the Company or its business, (vii) statements made about the possible outcomes of litigation involving the Company, including our outstanding litigation with Disney; (viii) statements regarding the Company´s ability to obtain financing to support its operations and other expenses, and (ix) statements preceded by, followed by or that include the words, "may," "could," "should," "looking forward," "would," "believe," "expect," "anticipate," "estimate," "intend," "plan," or the negative of such terms or similar expressions. These forward-looking statements involve risks and uncertainties which are subject to change based on various important factors. Some of these risks and uncertainties, in whole or in part, are beyond the Company´s control. Factors that might cause or contribute to such a material difference include, but are not limited to, those discussed in the Company´s Annual Report on Form 10 K for the fiscal year ended February 29, 2008, in the section entitled "Risks Particular to Our Business." Shareholders are urged to review these risks carefully prior to making an investment in the Company´s common stock. The Company cautions that the foregoing list of important factors is not exclusive. Except as required by federal securities law, the Company does not undertake to update any forward-looking statement, whether written or oral, that may be made from time to time by or on behalf of the Company.