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| Environmental Tectonics Corporation Receives 2009 NTSA Award for Outstanding Achievement in Modeling & Simulation
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| Southampton, PA, February 4, 2009 - Environmental Tectonics Corporation (AMEX: ETC) ("ETC" or the "Company") has been presented with an award for "Outstanding Achievement in Modeling and Simulation" at the 2009 National Training and Simulation Association (NTSA) Modeling and Simulation (M&S) Leadership Summit in Norfolk, VA. ETC was recognized in the Training Category for their development of the ATFS-400™ "Phoenix" motion platform, a new technology in high-performance aircraft simulation that provides the next level of realism for the training of air combat pilots. The NTSA Modeling and Simulation Award was presented to ETC by Rear Admiral Fred Lewis, USN (Ret), President of the National Training and Simulation Association (NTSA) and Congressman Randy Forbes (VA, 4th District), Founder and Chair of the Congressional M&S Caucus. Several other members of the Congressional M&S Caucus actively participated, and more than 300 delegates from government, industry and academia were in attendance during the event. The NTSA stated that, "ETC Simulation is recognized for developing the ATFS-400™ "Phoenix," a first of its kind, high fidelity, interactive, reconfigurable, networkable, tactical flight simulator system integrated into a state-of-the-art, high performance "flyable" and high sustainable "G" motion system. This actual "G" loading environment allows the ATFS-400™ to replicate actual aircraft flight dynamics providing both the virtual cues and physical stresses experienced during combat maneuvers correlated to the specific tactical aircraft being simulated." William F. Mitchell, President and Chairman of ETC, stated, "ETC is much honored to receive the 2009 NTSA Modeling & Simulation Award. We thank those that recognize the continual advancements that ETC has made in our flight training technology and training systems to improve pilot readiness, reduce airframe hours, residential noise, and cost, while producing an environmentally conscious, yet highly realistic means of training." ETC has been developing flight training system technology for 40 years. The ATFS-400™ "Phoenix" motion platform is located at their full service National Aerospace Training and Research Center (NASTAR Center) located in Southampton, Pennsylvania. | |||
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; (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. Contact: Duane D. Deaner, CFO Tel: 215-355-9100 (ext.1203) Fax: 215-357-4000 http://www.etcusa.com | |||