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ETC Simulation Awarded Multiple Contracts for their Advanced Disaster Management Simulator (ADMS™) Totaling $2.8 Million

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Environmental Tectonics Corporation (ETCC) announced multiple contracts totaling $2.8 million for its Simulation business unit, situated in Orlando, FL. These contracts encompass new ADMS systems, system expansions, and extended maintenance for clients in the US, Europe, and Asia, specifically within Fire Services, Disaster Management Agencies, and Airports. The company emphasizes its leadership in advanced simulation training systems, providing effective training solutions.

Positive
  • Awarded contracts worth $2.8 million, enhancing revenue.
  • Increased demand for advanced simulation training systems across multiple regions.
  • Strengthening partnerships with Fire Services and Disaster Management Agencies.
Negative
  • None.

SOUTHAMPTON, Pa., March 08, 2021 (GLOBE NEWSWIRE) -- Environmental Tectonics Corporation’s (OTC Pink: ETCC) (“ETC” or the “Company”) Simulation business unit, located in Orlando, FL, announced today the award of multiple contracts totaling $2.8 Million for customers in the United States, Europe, and Asia.

The multiple contracts include orders for new ADMS systems, expansion of existing systems, and extended maintenance contracts. These training systems are in use by Fire Services, Disaster Management Agencies, and Airports.

“These contracts reflect ETC Simulation’s global leadership in advanced simulation training systems for incident command staff and emergency vehicle operators. We are proud to work with our customers and assist them with fulfilling their training mission by providing realistic and effective training solutions” states Marco van Wijngaarden, President of ETC Simulation.

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 and simulation systems, 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 words 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

FAQ

What recent contracts did ETCC announce and how much are they worth?

ETCC announced multiple contracts totaling $2.8 million for its Simulation business unit.

Which regions are benefiting from ETCC's new contracts?

The contracts are for customers in the United States, Europe, and Asia.

What types of systems are included in the contracts awarded to ETCC?

The contracts include new ADMS systems, expansions of existing systems, and extended maintenance contracts.

Who are the primary customers for ETCC's simulation systems?

The primary customers include Fire Services, Disaster Management Agencies, and Airports.

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