Environmental Tectonics Corporation Announces Sale of Additional Monoplace Hyperbaric...
Environmental Tectonics Corporation Announces Sale of Additional Monoplace
Hyperbaric Chambers
SOUTHAMPTON, Pa., July 14 /PRNewswire-FirstCall/ -- Environmental Tectonics
Corporation's (OTC Bulletin Board: ETCC) ("ETC" or the "Company") BioMedical
Systems Division has contracted with Life Support Technologies (LST), a wound
care management group located in Mt. Vernon, NY, for delivery and installation
of two BARA-MED((R)) XD monoplace hyperbaric chambers in Hudson Valley
Hospital, Cortlandt Manor, NY.
To date LST has purchased from ETC and operates over twenty (20) of the
BARA-MED((R)) series of hyperbaric chambers. LST is the recognized expert in
hyperbaric medicine, chronic wound treatment, and clinical business management
operating in the New York Tri-State area. They are also a NASA and U.S.
Military Hyper/Hypobaric contractor known for their work in underwater zero-G
neutral buoyancy astronaut training and high altitude simulation systems.
Glenn Butler, President & CEO of Life Support Technologies, commented, "We
utilize ETC BARA-MED((R) )monoplace hyperbaric chambers exclusively due to
their advanced engineering, low oxygen consumption and Electronic Medical
Record (EMR) compatibility."
All monoplace hyperbaric chambers designed and manufactured by ETC BioMedical
are automated with O.S.C.A.R.( )(TM), (Operating System for Control And
Recordkeeping). O.S.C.A.R.( )(TM) is a computerized operating system that
includes a patient friendly pressurization alternative (Smooth Ride(TM)) that
minimizes complications due to middle ear and sinus barotraumas without
increasing compression time, programmable treatment protocols and more. As an
added safety feature, ETC's chambers feature a full manual override system to
avoid premature termination of treatment protocol as a result of power
outages.
ETC's Biomedical Division has been providing state of the art chambers for
Hyperbaric Oxygen Therapy (HBOT) since 1987 and continues to be the only
manufacturer of a time-proven computerized monoplace hyperbaric chamber.
Bob Salmons, NE Regional Manager of ETC's BioMedical Division, commented, "We
value our continued working relationship with Life Support Technologies. They
represent one of the many satisfied customers who understand the versatility
and unique applicability of ETC's state of the art technology."
ETC was incorporated in 1969 in Pennsylvania and this year we will celebrate
our 40(th) anniversary. Our core technologies include the design, manufacture
and sale of Training Services (TSG) which includes (1) software driven
products and services used to create and monitor the physiological effects of
flight; (2) high performance jet tactical flight simulation, and; (3) driving
and disaster simulation systems, and Control Systems (CSG) which includes: (1)
steam and gas sterilization; (2) testing and simulation devices for the
automotive industry, and; (3) hyperbaric and hypobaric chambers. Product
categories included in TSG are Aircrew Training Systems (ATS) and flight
simulators, disaster management systems and entertainment applications. CSG
includes sterilizers, environmental control devices and hyperbaric chambers
along with parts and service support.
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 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) potential additional funding by H.F.
Lenfest, a member of our Board of Directors and a significant shareholder, and
PNC Bank, (ii) the trading of the Company's common stock on the
Over-the-Counter Bulletin Board (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, (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 10K for the fiscal year
ended February 27, 2009, 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 Corporation, +1-215-355-9100
ext. 1203, fax: +1-215-357-4000
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