ETC’s Aircrew Training Systems Awarded Multiple Contracts Totaling $10.6 Million for Customers in Southeast Asia
SOUTHAMPTON, PA, USA, August 5, 2016 – Aircrew Training Systems (“ATS”), a business unit of Environmental Tectonics Corporation (OTC Pink: ETCC) (“ETC” or the “Company”) today announced the award of multiple contracts totaling $10.6 million for customers in Southeast Asia.
Products to be provided include:
A multi-year contract for equipment maintenance is also included.
The award of the FALCON altitude (hypobaric) chamber contract highlights ETC’s well-known and established track record of delivering long-lasting and reliable equipment to the aeromedical community for nearly fifty years.
The GYRO IPT-III contract includes three high-fidelity interchangeable cockpits that can be easily inserted into the device or can function as fully operational, stand-alone simulators. Designed for versatility, the GYRO IPT-III is an ideal and cost-effective trainer that meets the most critical spatial disorientation, basic and advanced flight training needs for both fixed-wing and rotary wing platforms.
“ETC is proud to provide a diverse variety of quality aerospace solutions designed to meet the ever-changing requirements of our customers’ aircrew training programs.” states Alper Kus, Vice President – ATS Business Unit Manager.
Foward-Looking Statement: This press release contains forward-looking statements, which are based on management's current 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, but are not the exclusive means of identifying such statements. The Company's actual results could differ materially from those anticipated in forward-looking statements as a result of a variety of factors, including those discussed in "Risk Factors" included in the Company's most-recent Annual Report on Form 10-K filed with the United States Securities and Exchange Commission. We caution you not to place undue reliance on these forward-looking statements.
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