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| ETC Announces the Formation of the Defense Business Development Advisory Board |
| Southampton, PA: August 15, 2007 - Environmental Tectonics Corporation (AMEX:ETC) ("ETC" or the "Company") today announced the formation of a Defense Business Development Advisory Board which will assist and advise ETC in the development of the utilization and deployment strategy of the Authentic Tactical Fighting System (ATFS-400TM) for U.S. Air Force, U.S. Navy, U.S. Marine Corps and the UK Royal Air Force as well as foreign air forces.
The Defense Business Development Advisory Board is chaired by Ken Ginader, CAPT USN (ret), serving ETC as Director of Authentic Fighting Systems for Tactical Aviation, and is comprised of retired senior military officers, including Hal Hornburg, Gen USAF (ret), Advisor, US Air Force Business Development; Mike Malone, VADM USN (ret), Advisor, Naval Air Forces Business Development; Air Commodore Rick Peacock-Edwards, CBE AFC FRAeS FCIM, Advisor, UK Business Development; with Dick Leland, President, NASTAR Center acting as a Techical Liaison to the Advisory Board. The Advisory Board's responsibilities include introducing ATFS-400 to U.S. Air Force, U.S. Navy, U.S. Marine Corps, UK Royal Air Force and international decision makers, assisting and advising ETC in determining from key military decision makers and tactical air combat leaders what an acceptable acquisition strategy would be for U.S.Air Force, U.S. Navy, U.S. Marine Corps and UK Royal Air Force, and assisting and advising ETC in the development of ATFS-400B as a viable adjunct to U.S. Air Force, U.S. Navy, U.S. Marine Corps and UK Royal Air Force tactical training to replace some percentage of in- aircraft tactical training. ATFS-400 is a high fidelity interactive, virtual tactical air combat maneuvering, fighting system that is integrated into a state-of-the-art high performance "flyable" centrifuge motion platform. ATFS-400's modular design enables it to authentically simulate the cockpit, dynamic performance, mission systems and interactive elements of a specific type/model/series aircraft in a specific tactical environment. ATFS-400 precisely models the real world aircraft and threat dynamics. Pilot inputs are processed by the ATFS-400 aeromodel to simultaneously drive the virtual (sight and sound) cues and command the multi-axis centrifuge to correctly produce the inertial G-forces. ATFS-400 authentically simulates the flight dynamics providing both the virtual cues and physical stresses experienced during combat maneuvers correlated to the specific tactical aircraft. With ATFS-400, pilots will be able to achieve training goals safely and economically while maintaining and elevating aircrew combat readiness. | |
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Visit www.etctacticalflight.com to learn more. |
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 for the fiscal year ended February 24, 2006.