ETC’s Aircrew Training Systems Awarded Multiple Contracts Totaling $45.4 Million
SOUTHAMPTON, PA, USA, April 14, 2015 – 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 $45.4M for customers in the Middle East, Southeast Asia, and Europe.
Products to be provided under the contracts include:
- an authentic tactical flight simulator (“ATFS-300”) with spatial disorientation training capabilities
- an eight person multiplace rectangular hyperbaric chamber,
- two altitude (hypobaric) chambers (one twelve person and one sixteen person),
- two ejection seat simulators,
- a night vision/night vision goggle trainer, and
- a parachute descent and landing simulator.
The services portion of the contracts provides integrated logistics services, pilot physiology, and personnel training services through ETC’s AMTI, and facility support services.
“These contracts represent significant milestones for ETC. We are proud to supply these important customers with products and services designed to aid them in increasing their aviation training capabilities in many specific training areas.” 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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