ETC’s Aerospace Segment Awarded $12.4 Million in Contracts

SOUTHAMPTON, PA, USA, January 4, 2024 – Environmental Tectonics Corporation’s (OTC Pink: ETCC) (“ETC” or the “Company”) announced that its Aircrew Training Systems business unit (“ATS”) was awarded four contracts totaling $9.7 million.  Three are for CLS contracts for repeat customers in the Middle East, and the U.S., and one is for a mid-life upgrade of Spatial Disorientation equipment for an Asian customer. 

In addition, ETC Simulation, located in Orlando, Florida, received a $2.7 million order for the delivery of a customized ADMS simulation system for an emergency response training center being established by an international client active in the oil industry. 

“These contracts represent the continuing strong relationship with its global aeromedical customers and the expansion of ETC Simulation’s product line and customer base,” stated Robert Laurent, CEO and President.

Forward-looking Statements
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.

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