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| ETC Receives Follow-On Contract for TACModule |
| Southampton, PA: September 4, 2007 - Environmental Tectonics Corporation (AMEX: ETC) ("ETC" or the "Company") today announced the award of a contract to produce a Sukhoi Su-30 Tactical Aircraft Configuration Module (TACModule™) for a Southeast Asian customer, bringing the total number of TACModules supplied by ETC to this customer to four.
The sole source contract, with a total value of over $1.2 million, will produce a TACModule in the Su-30 configuration. This TACModule will be used to support tactical flight training for Su-30 pilots in the customer's Authentic Tactical Fighting System - 400 (ATFS-400™), which was delivered by ETC in 2005. The Su-30 TACModule contract brings the number of TACModules that have either been supplied by ETC or are currently on contract to eight. ETC supplied three TACModules to the Southeast Asian customer with the ATFS-400 delivery in the F-18C, Mig-29N, and Hawk Mk-208 aircraft configurations. In July, ETC received a contract from the U.S. Navy to produce a TACModule in the F/A-18C configuration to support follow-on research and development as a tactical training simulator. In August, ETC received a contract from the USAF to produce a TACModule in the F-35 (Joint Strike Fighter) configuration to support tactical training research and development. Both the Navy and Air Force TacModules will be tested in the ATFS-400, located at ETC's National Aerospace Training and Research (NASTARSM) Center. Additionally, ETC has produced one TACModule in the F-15 configuration and one TACModule in a space vehicle configuration to support training and research operations at NASTAR Center. The TACModule is a full-featured high-fidelity flight simulator, which includes a customized visual database and an aircraft-specific aeromodel. Authentic flight controls, cockpit indicators, aircrew seat and harness, and a state-of -the-art visual display place the pilot in a highly realistic environment. The ATFS-400 is the latest generation of ETC Tactical Flight Simulators and is currently operational at ETC's NASTAR Center. 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's. Mr. William Mitchell, President and Chairman of ETC, stated, "The contract for the Su-30 TACModule is the embodiment of ETC's ATFS-400 concept of a rapidly reconfigurable, sustained G simulator that allows pilots to train in the most authentic tactical environment possible. The ATFS-400 is a full fidelity system that can support tactical pilot training in their specific aircraft today in; a safer training environment, at a fraction of the cost and also reduces aircraft fatigue and extends aircraft life". | |
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Visit www.nastarcenter.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.