SOUTHAMPTON, Pa., March 15, 2006 -- Environmental Tectonics Corporation (Amex: ETC) ("ETC" or the "Company") today announced the final assembly of the Authentic Tactical Flight Simulator ATFS-400B.
Due to significant interest both in the USA and internationally, ETC initiated production of the second Authentic Tactical Flight Simulator, the ATFS-400B, in January 2005. Final assembly of the ATFS-400B follows successful delivery of the first ATFS-400 and full customer acceptance in December 2005. These accomplishments distinguish ETC as the world's premier authentic tactical flight simulator manufacturer. The ATFS-400B will be installed as the cornerstone of ETC's National AeroSpace Training and Research Center (NASTAR Center) that will open in January 2007.
The ATFS-400B is the latest generation of ETC Tactical Flight Simulators. Using a high performance human centrifuge as a motion platform, it combines the latest available flight simulation technology to optimize flight fidelity including sustained G cues. This technology includes high fidelity aircraft specific cockpits; offensive and defensive mission systems; realistic, wide field of view visual displays; and virtual battle space. Pilots will practice critical combat skills in a safe, controlled and economical environment with realism that is rivaled only by actually flying the aircraft.
Strategic benefits of the ATFS-400B at ETC's NASTAR Center include continually advancing ATFS technology, allowing potential customers to see the latest technology before they make a purchase decision, and offering customers a fully factory tested High Performance Human Centrifuge, thereby eliminating purchase risk.
ETC's first ATFS-400 is in service in Southeast Asia and is being used for high performance aircraft pilot training, tactical flight training, spatial disorientation training and astronaut selection and training. Today, this ATFS-400 sets the benchmark for high performance aircraft simulation. The ATFS-400 was installed in less than one year and was accepted by the customer with no outstanding discrepancies, an unrivaled accomplishment.
According to William F. Mitchell, ETC's President and CEO, "Tactical air maneuvering training in actual combat aircraft (as is the case today) is costly, risky and accelerates aircraft and engine wear-out. ETC has invested over $30 million in the development of the ATFS-400B. The ATFS-400B is a developed and proven technology that is ready to be put to use today to improve combat readiness, reduce training costs, and save lives."
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FOR MORE INFORMATION ON ATFS CONTACT: Dick Leland, ETC Aircrew Training Systems Tel: 215-355-9100 Fax: 215-357-4000 |
FOR MORE INFORMATION ON ETC CONTACT: Duane D. Deaner, CFO of Environmental Tectonics Tel: 215-355-9100, ext.1203 Fax: 215-357-4000. |
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Visit www.etctacticalflight.com to learn more. |
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ETC also 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 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', "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, 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/A for the fiscal year ended February 25, 2005.
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