ETC’S Aircrew Training Systems Awarded Multiple Contracts Totaling $22 Million
SOUTHAMPTON, PA, USA, February 20, 2017 – Environmental Tectonics Corporation’s (OTC Pink: ETCC) (“ETC” or the “Company”) Aircrew Training Systems (“ATS”) business unit announced today the award of multiple contracts totaling $22 million for customers in Asia, the United States, and the Middle East.
Products to be provided under the contracts include:
- An upgrade of a human centrifuge that has reached its useful life to ETC’s Authentic Tactical Flight Simulator (ATFS-400)
- A suite of interactive motion based simulation and virtual reality equipment
- Several maintenance contracts
“These contracts reflect ETC’s global leadership in human centrifuge and motion based technology. We are proud to supply these important customers with products and services designed to bring physiological realism to their aviation training and simulation capabilities.” states Robert L. Laurent, Jr., CEO and President.
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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Robert L. Laurent, Jr.
C.E.O. and President