Environmental Tectonics Corporation's BioMedical Division Announces Sale of Two Monoplace Hyperbaric Chambers
February 17 2009 - 2:10PM
PR Newswire (US)
SOUTHAMPTON, Pa., Feb. 17 /PRNewswire-FirstCall/ -- Environmental
Tectonics Corporation's (AMEX:ETC) ("ETC" or the "Company")
BioMedical Systems Division today announced the sale of two (2)
BARA-MED(R) XD Monoplace Hyperbaric Chambers to Oasis Hyperbarics,
Mt. Pleasant, SC, USA. ETC is delighted to work with Oasis
Hyperbarics, a new hyperbaric medical practice run by Eric
Brittain, MD and Tim Osbon, MD. Oasis Hyperbarics is affiliated
with Hyperbaric Therapy of Low Country in Hilton Head, SC, another
facility that utilizes BARA-MED(R) XD Monoplace Hyperbaric
Chambers. Hyperbaric Oxygen Therapy (HBO) is a non-invasive
therapy. In its clinical applications, the patient breathes 100%
oxygen while fully enclosed in a specially designed chamber at
ambient pressures up to three times normal atmospheric pressure.
HBO is used to promote and support healing in the management of
conditions in which oxygen transport to the tissues has been
disrupted by traumatic injury, infection, inflammation, or edema.
ETC prides itself on being the only manufacturer of a computerized
monoplace hyperbaric chamber. The BARA-MED(R) XD includes a 4th
generation Windows(TM) based operating system. Our computerized
system eliminates the need for operator dive time management and
paper recordkeeping while ensuring comprehensive documentation of
the procedure. These features enable technicians to focus their
attention on patient care and management, making them more
effective and efficient. Gene Davis, President of ETC's BioMedical
Division, commented, "I am very pleased with our sales performance
this fiscal year. Through the third quarter, sales were up over 90%
from last year. ETC is finally evidencing the benefit of our
continuous investment in technology and our Windows(TM) based
operating system." ETC's BioMedical Systems Division's goal is to
keep its equipment and customers at the forefront of hyperbaric
medicine. In addition to their regular use in clinical treatments
at medical facilities around the globe, the BARA-MED(R) XD
hyperbaric chambers are routinely involved in the field of
research. 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; (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 10K 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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