Environmental Tectonics Corporation's Testing and Simulations Systems Division Announces Major Contract Award
18 3월 2009 - 8:30PM
PR Newswire (US)
SOUTHAMPTON, Pa., March 18 /PRNewswire-FirstCall/ -- Environmental
Tectonics Corporation's (AMEX:ETC) ("ETC" or the "Company") Testing
and Simulations Systems (TSS) Division today announced the award of
a $500,000 contract to supply a Conditioned Air Supply (CAS) 3500
System with Environmental Chamber to Kawasaki Motors Mfg. Corp.,
USA. The Conditioned Air System will be used to test engine
performance and emissions. ETC has been designing and manufacturing
testing and simulations systems for the automotive and Heating,
Ventilation, Air Conditioning (HVAC) Industries for the last 35
years. ETC test systems designed for the automotive industry
include environmentally controlled drive-in chambers, A/C systems,
test benches and calorimeters, component and full vehicle
development wind tunnels, engine development systems and automotive
emissions testing systems. ETC's CAS System provides controlled
standardized air for improving the accuracy and repeatability of
measurements in exhaust emission and overall performance testing of
internal combustion engines. By providing standardized air, the
adverse effect of variations in temperature, pressure, and humidity
on emission and performance measurements are completely eliminated.
Theresa Wagner, TSS Sales & Marketing Manager, stated, "As
always, ETC is committed to providing our customers with quality
test equipment to help them fulfill their goals of automotive
excellence with focus on fuel efficiency, low emissions and dynamic
performance. This award solidifies our position as the main
domestic supplier to the automotive industry of this test
equipment." 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
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) 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, (ii) the completion of
additional financing transactions to support the Company's
operation, (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,
and (viii) 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. Contact:
Duane D. Deaner, CFO Tel: 215-355-9100 (ext. 1203) Fax:
215-357-4000 ETC - Internet Home Page http://www.etcusa.com/
DATASOURCE: Environmental Tectonics Corporation CONTACT: Duane D.
Deaner, CFO, of Environmental Tectonics Corporation,
+1-215-355-9100, ext. 1203, or fax, +1-215-357-4000 Web Site:
http://www.etcusa.com/
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Environmmtl Tectonic (AMEX:ETC)
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