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ETCC Environmental Tectonics Corp (PK)

1.90
0.01 (0.53%)
27 Jun 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Environmental Tectonics Corp (PK) USOTC:ETCC OTCMarkets Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.01 0.53% 1.90 1.88 1.95 1.90 1.89 1.90 16,600 18:05:37

ETC's Sterilization Systems Group Receives Over $2.5 Million in New Contracts

01/05/2014 5:54pm

GlobeNewswire


SOUTHAMPTON, PA, USA, May 1, 2014 - Environmental Tectonics Corporation (OTC Pink: ETCC) ("ETC" or the "Company") announced today the recent awards of several new contracts totaling in excess of $2.5 million for the Sterilization Systems Group ("SSG").  The contracts combined include a control system and software upgrade for an existing customer, a large sectional autoclave for a biomedical research firm, and four Ethylene Oxide sterilizers for medical device sterilization.

The awarded contracts are a result of ETC's capability to offer flexible and customizable solutions for the lab research, life science, and medical device industries.

David Mitchell, Vice President and Business Unit Manager for ETC's SSG stated, "These projects validate our approach to delivering unique engineering solutions to an increasingly sophisticated marketplace.  Our ability to rapidly design and produce unique sterilization systems, along with the control systems software that accompany these solutions, has led to our continued success as a world-class provider."
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About ETC:

ETC designs, manufactures, and sells software driven products and services used to recreate and monitor the physiological effects of motion on humans, and equipment to control, modify, simulate and measure environmental conditions.  Our products include aircrew training systems (aeromedical, tactical combat, and general), disaster management systems, sterilizers (steam and gas), environmental testing products, hyperbaric chambers, and other products that involve similar manufacturing techniques and engineering technologies.  ETC's unique ability to offer complete systems, designed and produced to high technical standards, sets it apart from its competition.  ETC is headquartered in Southampton, PA.  For more information about ETC, visit http://www.etcusa.com/.

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.

Contact: Mark Prudenti, CFO
Phone: 215-355-9100 x1531
E-mail: mprudenti@etcusa.com

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This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: ETC via Globenewswire

HUG#1782146

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