ETC wins contract with major Asian customer for supply of multiple Ejection Seat Simulators
July 14 2014 - 3:41PM
For Immediate Release
SOUTHAMPTON,
PA, USA, July 14, 2014 - Environmental Tectonics Corporation (OTC Pink:
ETCC) ("ETC" or the "Company"), announced today the signing of a
contract with a leading military in South Asia for the procurement
of three of its state-of-the-art Ejection Seat Simulators (ESS).
The award followed a highly competitive bid process that
included field evaluation trials of all potential vendors where it
was concluded that ETC's technology was superior. The new ESS
will enable pilots to practice when to make the correct decision to
eject, along with the proper procedures to employ before actually
ejecting from the aircraft. The systems will be delivered to
three separate locations, with installations expected to begin in
early 2016.
"We're very pleased with the
opportunity to work with such a significant player in the global
defense market," said William F. Mitchell, Chairman & CEO of
ETC. "It's a great step for the Company, and will be an important
project for our continued international expansion. We look
forward to training their aircrew for many years to
come."
ETC's groundbreaking ESS combines
high-fidelity flight simulation and procedural training to
replicate real world ejection situations. The system allows
pilots to practice the correct decision-making and emergency
procedures for successfully ejecting from the aircraft. The
ESS design enhances the training experience by creating a realistic
simulation of the ejection sequence that includes simulated
aircraft emergencies. The device immerses the pilot into the
flight scenario by constructing all of the events leading up to the
ejection sequence in a dynamic flight environment; thereby,
training the pilot in both the decision to eject and the correct
ejection procedures, making it the premier ejection
trainer.
As required by the contract, ETC
will also provide a "turn-key" solution for this procurement,
including detailed building designs and necessary construction for
the installation of each simulator. Upon project completion,
ETC will have manufactured and installed 22 ESS's
worldwide.
______________
About
ETC:
ETC designs, manufactures, and
sells software driven products and services used to recreate and
monitor the physiological effects of motion on humans, and
equipment to control, modify, simulate and measure environmental
conditions. Our products include aircrew training systems
(aeromedical, tactical combat, and general), disaster management
systems, sterilizers (steam and gas), environmental testing
products, hyperbaric chambers, and other products that involve
similar manufacturing techniques and engineering
technologies. ETC's unique ability to offer complete systems,
designed and produced to high technical standards, sets it apart
from its competition. ETC is headquartered in Southampton,
PA. For more information about ETC, visit
http://www.etcusa.com/.
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.
Contact: |
Mark Prudenti, CFO |
Phone: |
215-355-9100 x1531 |
E-mail: |
mprudenti@etcusa.com |
###
This
announcement is distributed by NASDAQ OMX Corporate Solutions on
behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: ETC via Globenewswire
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