News Release
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| ETC Announces Sale of Two Monoplace Hyperbaric Chambers |
| Southampton, PA. June 23, 2008. Environmental Tectonics Corporation's (AMEX:ETC) ("ETC" or the "Company") BioMedical Systems Division today announced the sale of two (2) BARA-MED® XD Monoplace Hyperbaric Chambers to Hyperbaric Therapy of Newtown Square.
ETC is delighted to work with Hyperbaric Therapy of Newtown Square, a hyperbaric oxygen therapy (HBOT) treatment center that is conveniently located near Philadelphia to serve the surrounding area. Hyperbaric Oxygen Therapy (HBO) is a non-invasive therapy. In its clinical applications, the patient breathes 100% oxygen while fully enclosed in a specially designed chamber at ambient pressures up to three times normal atmospheric pressure. HBO is used to promote and support healing in the management of conditions in which oxygen transport to the tissues has been disrupted by traumatic injury, infection, inflammation, or edema. 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. Our computerized system eliminates the need for operator dive time management and paper recordkeeping while ensuring comprehensive documentation of the procedure. These features enable technicians to focus their attention on patient care and management, making them more effective and efficient. Gene Davis, President of ETC's BioMedical Division, commented, "Recently some of our staff experienced HBOT treatments at this facility and gave our chambers and the staff at the facility high marks." Ann McMaster, Sales Coordinator, commented, "The facility staff made the treatments comfortable and easy. I was able to lay back and relax and viewed a movie on the video entertainment system during the treatment." ETC's BioMedical Systems Division's goal is to keep its equipment and customers at the forefront of hyperbaric medicine. In addition to their regular use in clinical treatments at medical facilities around the globe, the BARA-MED® XD hyperbaric chambers are routinely involved in the field of research. For further information on ETC hyperbaric chambers and how our chambers could benefit your Hyperbaric Oxygen Therapy programs please visit our website at http://www.etchyperbaricchambers.com. | |
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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.