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.
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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