News Release
Click CTRL + p to print.
| ETC's BioMedical Systems Division Awarded Contract for Multiple Monoplace Chambers |
| Southampton, PA. June 10, 2008. Environmental Tectonics Corporation's (Amex: ETC) ("ETC" or the "Company") BioMedical Systems division today announced the sale of seven BARA-MED® XD Monoplace Hyperbaric Chambers to Med One Capital for placement at four (4) facilities associated with Haelen Hyperbarics.
ETC is delighted to work with Haelen Hyperbarics, a growing network of physician operated Hyperbaric Oxygen Therapy (HBOT) clinics. Haelen Hyperbarics also provides physicians with turn-key HBOT solutions to incorporate the therapy into their existing medical practices throughout the United States. ETC prides itself on being the only manufacturer of a computerized monoplace hyperbaric chamber. The BARA-MED® XD includes a 4th generation Windows™ based operating system. This computerized system eliminates the need for operator dive time management and paper recordkeeping while ensuring comprehensive and unassailable documentation of the procedure. These features enable technicians to focus their attention on patient care and management, making them more effective and efficient. Don Webber of ETC's BioMedical Division, commented, "We are happy with the sales we have experienced during our 1st fiscal quarter and are optimistic for continued sales growth in the coming year". The BioMedical Division plans to continue to supply its customers with both well-designed and scientifically advanced products in a competitive market. The BARA-MED and BARA-MED XD is a true evolution of our expertise in bringing practical value and technology closer together. For further information on ETC hyperbaric chambers and how our chambers could benefit your HBOT (Hyperbaric Oxygen Therapy) programs please visit our website http://www.etchyperbaricchambers.com. | |
| |
Visit www.etchyperbaricchambers.com to learn more. |
Windows is a registered trademark of Microsoft Corporation in the United States and other countries. 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 to be materially different from any other future results, levels of activity, performance or achievements expressed or implied by such forward-looking statements. These forward-looking statements include statements with respect to ETC's vision, mission, strategies, goals, beliefs, plans, objectives, expectations, anticipations, estimates, intentions, financial condition, results of operations, future performance and business of ETC, including but not limited to, (i) projections of revenue, costs of raw 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, (ii) statements of plans and objectives of ETC 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, (iii) statements of future economic performance, (iv) statements of assumptions and other statements about ETC or its business, (v) statements made about the possible outcomes of litigation involving ETC, and (vi) 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 ETC's control. Factors that might cause or contribute to such a material difference include, but are not limited to, those discussed 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 23, 2007. Shareholders are urged to review these risks carefully prior to making an investment in the ETC's common stock.
The Company cautions that the foregoing list of important factors is not exclusive. ETC 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 ETC.