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ETC’s Aircrew Training Systems Unit Awarded $85 Million Contract

SOUTHAMPTON, PA, USA, February 6, 2023 – Environmental Tectonics Corporation (OTC Pink: ETCC) (“ETC” or the “Company”) announced that its Aircrew Training Systems business unit (“ATS”) was awarded an $85 million contract for the delivery of an Aeromedical Center including the building and all related facilities, in addition to the following products:

• Authentic tactical flight simulator (“ATFS-400-25”),
• GL – 1500 spatial disorientation trainer,
• Altitude chamber (12 person),
• Portable hyperbaric chamber,
• Ejection seat simulator,
• Night vision/night vision goggle training system, and
• A water survival system.

 
The services portion of this contract provides integrated logistics services, pilot physiology and personnel training services through ETC’s NASTAR Center and facility support services.
 
“This contract represents another significant milestone for ETC. We are pleased to have been chosen to supply our ATS customer with an Aeromedical Center with products and services designed to aid them in increasing their aviation training capabilities that protect pilots from the physiological dangers of flight,” states Robert Laurent, CEO and President.

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.