News Release
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| Environmental Tectonics Corporation´s Simulation Division to Deliver Disaster Training Simulators to Middle East Institute |
| Southampton, Pa, November 13th, 2008- Environmental Tectonics Corporation´s (AMEX:ETC) ("ETC" or the "Company") Simulation Division, located in Orlando, FL, today announced it has been awarded a contract valued at approximately $6 million to deliver multiple ADMS-COMMAND Advanced Disaster Management Simulator systems to a national training institute in the Middle East. The contract includes several team training systems, customized scenarios, regionalized environments, and models of appropriate vehicles, equipment, responders, and citizens. The systems will be delivered in Arabic with specific evaluation, scoring, and record keeping components to train and assess individuals and teams according to national standards. A two-year service, support, and scenario expansion package is also included. The ADMS-COMMAND systems will be used to train emergency responders in command and control. Trainees will exercise in dynamic scenarios in realistic virtual environments. Fires, hazardous material releases, and victims´ health status react dynamically to mitigation efforts, offering real-world incident conditions and realistic experiences for trainees. ADMS President Marco van Wijngaarden remarked, "We are excited to have been selected for this contract. This prestigious Middle East training institute joins the ranks of other world-class training authorities that utilize the ADMS platform including New York City Office of Emergency Management, the UK International Fire Training Centre, the South Korean National Fire Service Academy, and the Netherlands Institute for Safety. The award of this contract re-affirms ADMS´s unique capabilities to deliver robust and customized training solutions." ADMS is an interactive team training simulation platform that offers a proven methodology to provide results-based and cost-effective training. Approaching 20 years in use, ADMS is used extensively worldwide to train and prepare emergency responders to respond to and mitigate incidents and to test and validate emergency response and management plans. | |||
| ETC designs, develops, installs and maintains aircrew training systems (aeromedical, tactical combat and general), disaster management training systems and services, entertainment products, sterilizers (steam and gas), environmental testing products, hyperbaric chambers 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’s 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) potential additional funding by Lenfest, (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. | |||