ETC Awarded Upgrade Contract For Aeromedical Facility
Southampton, PA, USA; April 25, 2012 – Environmental Tectonics Corporation (“ETC”) was recently awarded an upgrade contract to modernize an aeromedical center in eastern Europe for an undisclosed customer. The contract is valued at more than $9.3 million, and will include a total upgrade of the existing aeromedical training facility. The project is being accomplished by ETC’s Aircrew Training Systems (ATS) division, and will take twenty months to complete.
ETC provided the original facility as a turn-key project in 1985 and has provided numerous upgrades, enhancements, and new equipment over the years. This continuum of excellence in providing service and technology resulted in the issuance of this highly competitive contract award. The aeromedical center upgrade project will include two new systems: a Night Vision Training System and an Ejection Seat Simulator; as well as the upgrades of the existing Altitude Chamber and the Human Centrifuge. These upgrades will include a total overhaul of the equipment leaving only the major structural elements and providing state of the art latest ETC technology that will increase the training value and prolong the life and effectiveness of the equipment.
In order to minimize the training interruptions, ETC will be performing the upgrades and installation of new equipment on a staggered schedule. Upon completion ETC will provide follow-on services in the form of a warranty package and an on-site maintenance contract.
William F. Mitchell, President and CEO of ETC said, “ETC is pleased to have been chosen to continue its work for this important client. We believe that this is the most cost effective solution offering increased training capabilities, sustainment, availability, and reliability for years to come.”
ETC is a world leader in the aeromedical field and has installed and supported equipment in 86 nations worldwide. ETC applies the latest technology to meet evolving pilot, aircrew, and maintenance technician training needs. ETC’s interactive tactical flight simulators, instrument/navigation trainers, and aerospace physiological training systems provide pilots with realistic training for tactical flying, high G forces, spatial disorientation, situational awareness, ejection procedures and decision making, oxygen equipment use, altitude physiology, night vision, night vision goggle use, and land/water survival.
This news release contains forward-looking statements, which are based on management's expectations and are subject to uncertainties and changes in circumstances. Words and expressions reflecting something other than historical fact are intended to identify forward-looking statements, and these statements may include terminology such as "may", "will", "should", "expect", "plan", "anticipate", "believe", "estimate", "future", "predict", "potential", "intend", or "continue", and similar expressions. We base our forward-looking statements on our current expectations and projections about future events or future financial performance. Our forward-looking statements are subject to known and unknown risks, uncertainties and assumptions about ETC and its subsidiaries that may cause actual results to be materially different from any future results implied by these forward-looking statements. We caution you not to place undue reliance on these forward-looking statements.