Environmental Tectonics Corporation's (OTC:ETCC) (BULLETIN BOARD: ETCC) ("ETC" or the "Company") Simulation Division today announced they have received acceptance for the delivery of ADMS to the Saudi Arabian Civil Defense.
ETC's contract was awarded in December of 2008 for 3 ADMS simulators which have now been installed at three training institutes in Saudi Arabia: Riyadh, Dammam and Abha. Each of these centers offers a full team training ADMS Incident Command team training simulator that will allow the Saudi Arabian Civil Defense to train their staff on a variety of different scenarios, such as a collapsed warehouse fire, a road traffic accident involving a tanker truck, and a multistory building fire. An additional six scenarios will be provided over the course of the next several years.
For this customized ADMS, ETC worked closely with the Saudi Arabian Civil Defense to ensure ADMS meets their expectations and their training requirements. Comprehensive training was provided by ETC at the Saudi Civil Defense's facilities as well as Simulation Division's Orlando (FL) Innovation Center in preparation of the final delivery.
Marco van Wijngaarden, President of ETC Simulation, remarked, "It is a pleasure to cooperate with the ADMS project team of the Riyadh Civil Defense Institute. ETC received positive feedback on our collaboration, and met the Saudi's requirement for complete Command and Control-training. It was our first ADMS in the Arabic language. Now that the systems have been handed over, and instructors trained by ETC, staff at the three Civil Defense Institutes are ready to implement ADMS in the training curricula. In the meantime, we have started the design of the next three scenarios: high-rise building fire, collapsed building, and passenger train accident."
ADMS, the Advanced Disaster Management Simulator is a Virtual Reality Simulation Training Stage. A unique level of immersion is achieved by ETC's signature technology by blending physics-based simulation, embedded artificial intelligence, accurate animations, photo-realistic graphics, and ambient sounds. ADMS enables first responders and emergency managers to train and rehearse at all levels of response, in a safe, economical and green way.
ETC was incorporated in 1969 in Pennsylvania and this year we have celebrated 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, 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'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 trading of the Company's common stock on the Over-the-Counter Bulletin Board, (ii) 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, (iii) 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, (iv) statements of future economic performance, (v) statements of assumptions and other statements about the Company or its business, (vi) statements made about the possible outcomes of litigation involving the Company, (vii) statements regarding the Company's ability to obtain financing to support its operations and other expenses, and (viii) 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 our 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.
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