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| Tuesday, 15 July 2014, 07:20 HKT/SGT | |
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Source: ETC | |
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Southampton, PA, USA, July 15, 2014 - (ACN Newswire) - Environmental Tectonics Corporation (OTC Pink: ETCC) ("ETC" or the "Company"), announced today the signing of a contract with a leading military in South Asia for the procurement of three of its state-of-the-art Ejection Seat Simulators (ESS). The award followed a highly competitive bid process that included field evaluation trials of all potential vendors where it was concluded that ETC's technology was superior. The new ESS will enable pilots to practice when to make the correct decision to eject, along with the proper procedures to employ before actually ejecting from the aircraft. The systems will be delivered to three separate locations, with installations expected to begin in early 2016.
"We're very pleased with the opportunity to work with such a significant player in the global defense market," said William F. Mitchell, Chairman & CEO of ETC. "It's a great step for the Company, and will be an important project for our continued international expansion. We look forward to training their aircrew for many years to come."
ETC's groundbreaking ESS combines high-fidelity flight simulation and procedural training to replicate real world ejection situations. The system allows pilots to practice the correct decision-making and emergency procedures for successfully ejecting from the aircraft. The ESS design enhances the training experience by creating a realistic simulation of the ejection sequence that includes simulated aircraft emergencies. The device immerses the pilot into the flight scenario by constructing all of the events leading up to the ejection sequence in a dynamic flight environment; thereby, training the pilot in both the decision to eject and the correct ejection procedures, making it the premier ejection trainer.
As required by the contract, ETC will also provide a "turn-key" solution for this procurement, including detailed building designs and necessary construction for the installation of each simulator. Upon project completion, ETC will have manufactured and installed 22 ESS's worldwide.
About ETC
ETC designs, manufactures, and sells software driven products and services used to recreate and monitor the physiological effects of motion on humans, and equipment to control, modify, simulate and measure environmental conditions. Our products include aircrew training systems (aeromedical, tactical combat, and general), disaster management systems, sterilizers (steam and gas), environmental testing products, hyperbaric chambers, and other products 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 news release contains forward-looking statements, which are based on management's 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, and these statements may include terminology such as "may", "will", "should", "expect", "plan", "anticipate", "believe", "estimate", "future", "predict", "potential", "intend", or "continue", and similar expressions. We base our forward-looking statements on our current expectations and projections about future events or future financial performance. Our forward-looking statements are subject to known and unknown risks, uncertainties and assumptions about ETC and its subsidiaries that may cause actual results to be materially different from any future results implied by these forward-looking statements. We caution you not to place undue reliance on these forward-looking statements.
Contact:
Mark Prudenti, CFO
Phone: +1-215-355-9100 x1531
E-mail: mprudenti@etcusa.com
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This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: ETC via Globenewswire
Topic: Contract Awarded
Source: ETC
http://www.acnnewswire.com
From the Asia Corporate News Network
Copyright © 2025 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.
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