SOUTHAMPTON, Pa., Sept. 8 PA-Environmental-Tech
SOUTHAMPTON, Pa., Sept. 8 /PRNewswire-FirstCall/ -- Environmental
Tectonics Corporation's (Amex: ETC) ("ETC" or the "Company") Sterilization
Systems Group (SSG) announced today the award of two new contracts. The
contracts include a new Portable Field Sterilization System (M-138) and a new
cGMP Pharmaceutical Sterilization System to a new customer.
The M138 portable field steam sterilizer (NSN 6530 00 926 2151), also
known as "Big Bertha", is designed to provide steam sterilization capability
to mobile military field personnel. The self-contained systems meet the field
medical requirements of the US Armed Services and international organizations.
ETC has built over 2,000 of these systems in the last 20+ years.
The cGMP unit is a large, industrial system being constructed for a large
multi-national European organization for installation within the United
States. ETC provides a comprehensive range of standard and customized cGMP
sterilizer. cGMP sterilizers are precision engineered and manufactured for
regulatory compliance, high performance, ease of use, reliability in service,
extended life and maximum value.
John Fay, Technical Director of the Pharmaceutical Division for ETC
Sterilization Systems, commented, "This business acquisition is key to ETC's
continued growth in the pharmaceutical and biotechnology markets. Earning our
client's trust and delivering on our commitments, demonstrate our abilities
and allows us to be more widely recognized as a leading cGMP equipment
provider."
ETC's Sterilization Systems Group (SSG) offers steam and Ethylene Oxide
Sterilizer Systems, Professional Services, Consulting and Software Systems to
the Medical Device, Pharmaceutical, Biotechnology and Healthcare industries.
ETC's SSG offers unique, customized solutions to unique process systems
challenges.
ETC designs, develops, installs and maintains aircrew training systems
(aeromedical, tactical combat and general), disaster management training
systems and services, entertainment products, sterilizers (steam and gas),
environmental testing products, hyperbaric chambers and related products for
domestic and international customers.
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 proposed acquisition of the Company by
Lenfest, a member of ETC's Board of Directors and a significant shareholder,
(ii) the potential delisting of the Company's common stock from the American
Stock Exchange as a result of the Company's failure to comply with the AMEX
listing standards, (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, including our outstanding litigation with
Disney; (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 10-K for the fiscal
year ended February 29, 2008, 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
