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)
ETC -- Internet Home Page: http://www.etcusa.com
|SOURCE Environmental Tectonics Corporation|
Copyright©2008 PR Newswire.
All rights reserved