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| ETC´s National AeroSpace Training and Research (NASTAR) Center and Embry Riddle Aeronautical University (ERAU) Begin Upset Recovery Research Flights |
| Southampton, Pa, November 10th, 2008- Environmental Tectonics Corporation´s (AMEX:ETC) ("ETC" or the "Company") National AeroSpace Training and Research (NASTAR) Center today announced that it, in conjunction with Embry Riddle Aeromedical University (ERAU), has begun conducting research flights under a Federal Aviation Administration (FAA) funded research project aimed at examining the effectiveness of using centrifuge based simulation for Upset Recovery Training (URT). Loss of control in flight continues to be a major cause factor in loss of life and hull damage aircraft accidents. Modern day commercial aviation currently has no requirement for training to pilots to deal with these situations, commonly referred to as upsets. Realistic training for upsets, or URT, which requires very dynamic and disorienting conditions is difficult because non-centrifuged based simulators do not reproduce the angular and G accelerations or the disorientation of actual upsets. ETC´s GYROLAB GL-2000 is an answer to providing these pilots with the representative environments necessary for effective training in recovery from upsets or URT. The current research project is focused on comparing the benefits of three different types of URT. The first includes only academic lectures. The second type includes academic lecture and computer based training using Microsoft Flight Simulator training software. The third type includes academic lecture plus instruction in ETC´s Gyrolab GL-2000, a centrifuge type motion based simulator. The research involves training an equal number of students under each approach. A total of 75 students in all will be trained. Each student´s upset recovery skills will then be tested in an actual flight in ERAU´s American Champion Aircraft (ACA) Decathlon airplane. Additionally, each student receives identical classroom instruction at ERAU. Prior to the student´s arrival, the NASTAR and ETC staff worked diligently to transform the GL-2000 from the resident Boeing 757 Configuration to the ACA Decathlon that the ERAU students will be flying upon their return to Daytona Beach based ERAU. It took several dedicated and talented individuals to turn the Gyrolab into an effective tool for URT in an aircraft like the Decathlon. Upon completion of the test flights, data on the performance of the students will be compared, conclusions will be drawn and finally a report will be published on the results of the research. | |||
| 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) potential additional funding by Lenfest, (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. | |||