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NASTAR Center News Release |
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ETC's NASTAR Center Receives "Vision to Reality" Award
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Southampton, PA: August 6th, 2008 - Southampton, PA, August 6, 2008. Environmental Tectonics Corporation (AMEX:ETC) ("ETC" or the "Company") announced today that the National AeroSpace Training and Research (NASTAR®) Center was honored with an award from the Space Frontier Foundation during the NewSpace 2008 conference.
The "Vision to Reality" Award was presented to the NASTAR Center in acknowledgement and appreciation of the effort NASTAR Center took in the creation of their now successful Space Training programs, both for Virgin Galactic's 'Future Astronaut' trainees, and for NASTAR Center's Air and Space Adventure Program Training courses available for any and all space enthusiasts who wish to sign up for a realistic Space launch experience.
The Space Frontier Foundation's Annual NewSpace conference took place this year on July 17-19, 2008 in Crystal City, Virginia. The annual conference is a single-track program focusing completely on entrepreneurial space activities that aim to create productive discussions, rather than presentations. This year's NewSpace 2008 program consisted of three themes: NewSpace Policy, NewSpace Business and NewSpace Vision.
"America is in a time of change," says Space Frontier Co-Founder Rick Tumlinson, "including space."
The "Vision to Reality" Award was accepted with great honor and will be displayed in the main lobby of NASTAR Center for all to enjoy.
Glenn King, COO of NASTAR Center said "We are proud to accept this award from the Space Frontier Foundation. The NASTAR Center continues to develop and implement unique space training programs to provide authentic space flight training for space travelers and those who wish to fly into space."
About the NASTAR Center:
NASTAR® Center (www.NASTARcenter.com), a wholly-owned subsidiary of Environmental Tectonics Corporation, houses state-of-the-art equipment and professional staff to support the training and research needs of the aerospace community, including military aviation (fixed and rotary wing), civil aviation (fixed and rotary wing), space travel (government and private) and research support and data collection. NASTAR® Center's equipment and programs are highly modular and flexible and can accommodate a wide range of aerospace training and research requirements.
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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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www.NASTARCenter.com |
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 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 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) the proposed acquisition of the Company by H.F. Lenfest, a member of ETC's Board of Directors and a significant shareholder, (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.
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