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Tuesday, May 26, 2009
Environmental Tectonics Corporation's Simulation Division Awarded Contract to Develop Advanced Disaster Management Simulator (ADMS) for Port of Los Angeles
Comtex
SOUTHAMPTON, Pa., May 26, 2009 /PRNewswire-FirstCall via COMTEX/ ----Environmental Tectonics Corporation's (NYSE AMEX LLC: ETC) ("ETC" or the "Company") Simulation Division today announced the signing of a contract with the City of Los Angeles to create Incident Command training simulators for the Port of Los Angeles (Port of LA).
The Port of Los Angeles, known as "America's Port," is the largest port on the West Coast and the number one port in all of the United States in terms of container volume and cargo. Additionally, the Port of LA services over one million passengers per year. Spanning over 7,500 acres, it has fire departments strategically located in 4 different locations. The Port of LA takes safety, security and emergency preparedness very seriously and is known to have the largest dedicated port police force in the United States.
Port of LA officials will use ADMS to train their police, fire, and homeland security personnel to enhance their already robust training program in an effort to continue their mission to make security a priority and their first responders the best in the business. As noted on their website, "It is the intention of the Port of Los Angeles to be the safety and security model for major ports around the world." ETC Simulation is proud to be supporting this mission with ADMS.
Simulation Division President Marco van Wijngaarden commented, "ETC's ADMS is a significant addition to the Port of LA's vigorous emergency preparedness program. The Port of LA joins ETC's premiere list of highly visible clients who utilize ADMS. We look forward to a long-lasting relationship with this prestigious customer on the West Coast."
ADMS is a truly interactive team training simulator that offers a proven methodology to provide results-based and cost-effective training. ADMS offers true-to-life experience using physics-based simulation, embedded artificial intelligence and high-end training stages. Any decision of trainees drives the outcome of the open ended scenarios, making the trainees to experience the consequences of their on-going decisions.
Since 1995, ADMS has been used to train emergency responders, and used to test emergency response plans. ADMS is used at a variety of organizations and industries, ranging from seaports to airports to cities, and premier emergency management institutions. Thousands of emergency response trainees around the world train with ADMS annually.
ETC was incorporated in 1969 in Pennsylvania and this year we will celebrate our 40th 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; (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; (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'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) potential additional funding by H.F. Lenfest, a member of our Board of Directors and a significant shareholder and PNC Bank, (ii) the delisting of the Company's common stock from the NYSE AMEX LLC (formerly the American Stock Exchange) (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
http://www.etcusa.com
Copyright (C) 2009 PR Newswire. All rights reserved
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