ETC Forms Non-Profit NASTAR Foundation to Support Aerospace Industry
SOUTHAMPTON, Pa., May 19, 2011 — Environmental Tectonics Corporation (OTC Bulletin Board: ETCC.PK) (“ETC” or the “Company”) today announced the formation of the NASTAR Foundation, a non-profit organization that fosters opportunities for people of all ages to experience the excitement of aerospace exploration.
Core focus areas of the NASTAR Foundation are to:
- Inspire, facilitate, and grow public awareness and participation in aviation and space activities
- Enhance workforce development through life-long learning opportunities
- Support innovative programs that improve science, technology, engineering and mathematics (STEM) education
- Facilitate theoretical and applied research to meet the needs of the aerospace industry
- Advance health & safety through the creation of medical and training standards for the commercial space industry
The NASTAR Foundation has selected the following individuals for its Board of Directors: Dan Barry, Lou Bucelli, Lydia Kokolskyj, William F. Mitchell, Sr., Edward Turzanski, and Elizabeth Walsh. The Board of Directors includes a former astronaut, university development officer, entrepreneur, corporate CEO, a national security specialist and a workforce development professional. Together they provide expertise in K-12 education programs, entrepreneurship, university research, workforce development, space exploration and industry.
One of the first projects for the NASTAR Foundation is to develop medical and training standards for commercial space flight. NASTAR Foundation will form committee(s) as necessary to develop the standards and is encouraging participation from industry.
Gregory P. Kennedy, the Executive Director for the NASTAR Foundation states “The creation of an independent non-profit organization opens many possibilities for future projects that include education, research and flight safety. We are particularly excited about creating innovative ways to enhance science and technology education.”
For more information on the NASTAR Foundation visit www.nastarfoundation.org or contact Greg Kennedy at 215-355-9100 x 1512.
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.