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| Tuesday, 9 October 2012, 08:40 HKT/SGT | |
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Source: ETC | |
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Southampton, PA, USA, Oct 9, 2012 - (ACN Newswire) - ETC ( www.etcusa.com ) announced today the signing of a Memorandum of Understanding (MOU) between its Polish subsidiary ETC-PZL Aerospace Industries Ltd. (ETC-PZL) ( http://www.ai.com.pl/ ) with Sikorsky Aerospace Services (SAS). The MOU will examine how ETC-PZL can best provide aircrew training systems and maintenance support in the case that Poland's Ministry of Defence should acquire Polish-built S-70i(TM) BLACK HAWK helicopters for its armed forces.
According to the conditions of the MOU, discussions will focus on how ETC-PZL will support training, logistics and maintenance requirements for all simulators and training devices in the event of the acquisition of S-70i(TM) helicopters by the Polish Ministry of Defence.
ETC-PZL produces digital cockpit flight simulators and training devices as well as high level truck, bus and locomotive driver's simulators. ETC's business unit, the Aircrew Training System group ( www.etcaircrewtraining.com ), located at the corporate headquarters in Southampton, PA has designed and manufactured motion based trainers and simulators since 1969.
"ETC-PZL is delighted to have the possibility of partnering with Sikorsky and PZL Mielec to develop an S70i helicopter simulator in Poland. ETC-PZL hopes this program will herald the start of a successful, long-term cooperation in that market area and contribute to the continued development of ETC-PZL's range of type specific training devices," said Steve Jackson, President, ETC-PZL.
States William F. Mitchell, President and CEO of ETC, "This is a monumental step for ETC and ETC-PZL moving us closer to full expansion into the helicopter training market".
"Known for implementing new and innovative technologies, ETC-PZL is a key provider of aircraft simulators and training programs. This MOU is an important step in strengthening our future support capabilities in Poland," said Frank DiPasquale, SAS Vice President of Sales and Strategic Relationships. "Poland is a key component of our long-term international strategy to meet worldwide demand for Sikorsky products and services."
ETC and ETC-PZL, together, provide comprehensive support packages for all rotary or fixed wing aircraft simulators. They offer customers in the military and commercial market complete equipment, aircrew and operator training, maintenance, operation, upgrade, repair and service packages for all manufacturers' equipment.
About ETC:
ETC (OTCQB: ETCC) designs, manufactures and sells software driven products and services used to recreate and monitor the physiological effects of motion on humans and equipment and to control, modify, simulate and measure environmental conditions. These products include aircrew training systems (aeromedical, tactical combat and general), disaster management systems, sterilizers (steam and gas), environmental testing products and hyperbaric chambers and other products and services that involve similar manufacturing techniques and engineering technologies. ETC's unique ability to offer complete systems, designed and produced to high technical standards, sets it apart from its competition. ETC is headquartered in Southampton, PA. For more information about ETC, visit http://www.etcusa.com .
Forward-looking Statements:
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.
Contact: Bob Laurent, CFO
Tel: +1-215-355-9100 x 1550
Email: rlaurent@etcusa.com
This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients.
The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and other applicable laws; and
(ii) they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: ETC via Thomson Reuters ONE
Topic: Press release summary
Source: ETC
http://www.acnnewswire.com
From the Asia Corporate News Network
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