Environmental Tectonics Corporation's Sterilization Systems Group Announces New Contract...
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Environmental Tectonics Corporation's Sterilization Systems Group Announces
New Contract for Portable Field Sterilization Systems (M-138)
SOUTHAMPTON, Pa., July 31 /PRNewswire-FirstCall/ -- Environmental
Tectonics Corporation's (Amex: ETC) ("ETC" or the "Company") Sterilization
Systems Group (SSG) today announced a new contract to build portable field
sterilizations systems. In support of the ongoing Global War on Terrorism,
the U.S. Air Force recently purchased additional field sterilizers from ETC to
support its deployed medical capability.
The M138 portable field steam sterilizer (NSN 6530 00 926 2151), also
known as "Big Bertha", provides sterilization capabilities in the most austere
environments. ETC manufactures the M138 to meet the field medical
requirements of the military services, having built over 2,000 of these
systems in the last 20+ years, and has recently seen a resurgence in demand on
multiple fronts.
ETC's Sterilization Systems Group offers steam and Ethylene Oxide
sterilizers, services, consulting and software systems to the medical device,
pharmaceutical, biotechnology and healthcare industries. ETC's SSG offers
unique, customized solutions to unique process systems challenges.
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) the proposed acquisition of the Company by
Lenfest, a member of ETC's Board of Directors and a significant shareholder,
(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, including our outstanding litigation with
Disney; (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 10-K 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
SOURCE Environmental Tectonics Corporation
Duane D. Deaner, CFO of Environmental Tectonics, +1-215-355-9100 ext. 1203,
Fax: +1-215-357-4000
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