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Envir Tectonics - ETCC STOCK NEWS

Welcome to our dedicated page for Envir Tectonics news (Ticker: ETCC), a resource for investors and traders seeking the latest updates and insights on Envir Tectonics stock.

Overview of Envir Tectonics (ETCC)

Envir Tectonics (ETCC) is a multifaceted engineering company that designs, manufactures, and integrates software-driven products with advanced systems to simulate and control environmental conditions. With a legacy of innovation spanning several decades, the company has established itself as a critical provider of simulation solutions and testing equipment that recreate complex real-world scenarios for rigorous training, research, and development applications. Software-driven simulation and environmental testing are central to ETCC's offerings, addressing the demanding needs of industries such as aerospace, medical device development, pharmaceuticals, biotechnology, and high-performance motorsports.

Core Business Segments

ETCC operates through distinct yet interrelated business segments, each contributing to a comprehensive suite of solutions:

  • Aircrew Training and Disaster Management Systems: Specialized training simulators are designed to mimic the physiological impacts of motion on humans. These systems support pilots, first responders, and tactical combat personnel, incorporating advanced aeromedical and general training modules that focus on replicating challenging environments.
  • Sterilization Systems Group: Leveraging mechanical design, control systems, and sophisticated software, ETCC’s sterilization solutions include both steam-based and gas-based (ethylene oxide) systems. These are engineered to meet the exacting standards of the medical device, pharmaceutical, biotechnology, and life science industries, ensuring high consistency and precision in sterilization processes.
  • Environmental Testing and Simulation Systems (ETSS): This unit develops equipment that can simulate dynamic environmental conditions, such as fluctuating air pressure and variable speed air flow systems. Such technologies are employed in sector-specific applications like auto racing test cells, where precision in replicating rapidly changing conditions is paramount.
  • Commercial/Industrial Systems Segment: Focused on providing engineered solutions for industrial applications, this segment integrates systems like air-to-water heat pump psychometric test rooms and sterilization chambers that address versatile process challenges across various domestic and industrial sectors.

Technical Expertise and Operational Excellence

ETCC stands out due to its ability to provide complete, integrated systems that combine robust hardware engineering with dynamic software controls. The company’s products are engineered and produced to high technical standards, ensuring that every unit delivers consistent performance under rigorous testing conditions. This blend of engineering innovation and software integration underpins the company’s reputation in simulation, environmental testing, and sterilization solutions.

Market Position and Industry Relevance

Situated in a competitive landscape, Envir Tectonics leverages decades of experience to maintain a unique market position. Its emphasis on quality, precision, and high technical standards enables ETCC to address complex challenges in multiple industry segments. By offering specialized systems that are custom designed to meet unique operational demands, the company differentiates itself with expertise that spans across aviation, healthcare, and industrial testing applications.

Comprehensive System Solutions

The company's legacy is marked by continuous improvement and innovation. ETCC's approach involves a clear focus on simulating environmental conditions that matter — from accurately reproducing the physiological effects of motion to managing air pressure and velocity with advanced control systems. These capabilities are supported by in-depth engineering knowledge and process management that meet the varied needs of customers across several high-stakes industries.

Key Capabilities and Competitive Differentiation

Key attributes that define Envir Tectonics include:

  • Integrated product design that unites hardware excellence with advanced software control.
  • Custom systems development that addresses specialized markets such as auto racing, aerospace training, and pharmaceutical testing.
  • Proven technical reliability with systems built to withstand demanding operational environments.
  • Expertise in simulating complex and dynamic environmental conditions, providing precise measurement and control that are essential for high-performance testing and training applications.

Conclusion

In summary, Envir Tectonics (ETCC) provides a comprehensive suite of simulation and environmental testing solutions. The company’s dual focus on software innovation and high-quality engineering allows it to offer products that enhance the readiness, safety, and operational efficiency of various critical sectors. By maintaining stringent technical standards and an adaptive product portfolio, ETCC continues to serve as a pivotal resource for creating authentic and controlled operational environments across multiple industries.

Rhea-AI Summary

Environmental Tectonics Corporation (OTC Pink: ETCC) reported a net loss of $0.6 million, or ($0.05) diluted loss per share, for the first quarter of fiscal 2023, contrasting with a net income of $2.2 million in the same period last year. Sales decreased by 3.5% to $5.87 million, attributed to low backlog and supply chain delays. However, the Commercial/Industrial Systems business saw a 32% increase in sales, while Advanced Disaster Management System products surged by 55%. Operating expenses rose by 15.2% to $2.0 million due to higher administrative costs. Cash used in operations significantly increased to $1.5 million from $0.1 million.

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Environmental Tectonics Corporation (OTC Pink: ETCC) will hold its Annual Meeting of Shareholders virtually on August 4, 2022, at 10:00 a.m. The agenda includes:

  • Election of five Directors until the 2023 Annual Meeting.
  • Ratification of RSM US LLP as the independent accounting firm for the fiscal year ending February 24, 2023.
  • Transaction of other business as may properly come before the meeting.
An email request to attend the meeting can be sent to amorton@etcusa.com. Voting instructions are available through voting@etcusa.com.

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On June 15, 2022, Environmental Tectonics Corporation (OTC Pink: ETCC) completed a sale-leaseback of its property in Southampton, PA, which includes its corporate headquarters and production plant, for $4.7 million. The property had a net book value of $2.25 million, resulting in a gain of approximately $2.4 million. The company will lease the property back for an initial term of seven years at $420,000 annually, increasing 2.5% each year. Proceeds will be used to reduce debt under its credit facility with PNC Bank.

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Environmental Tectonics Corporation (OTC Pink: ETCC) reported its fiscal 2022 financial results, demonstrating a net income of $1.8 million, or $0.08 per share, a significant turnaround from a net loss of $7.5 million in fiscal 2021. Key highlights included a 17.7% increase in net sales to $19.1 million and a gross profit surge of 241.6% to $4.3 million. The company achieved a 14% reduction in operating expenses and reported $5.2 million in other income, mainly from PPP loan forgiveness. The sales backlog stood at $19.3 million, with expectations to recognize approximately 86% as revenue in the upcoming year.

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Environmental Tectonics Corporation (ETCC) announced the appointment of Joseph F. Verbitski, Jr. as the new Chief Financial Officer and Treasurer, effective February 24, 2022. Mr. Verbitski, aged 55, brings significant experience in Accounting and Finance, particularly in international and defense sectors. Prior to joining ETCC, he held positions as CFO at BMI Merchandise and Chemring PLC, and group controller at Applied Tech Products. CEO Robert L. Laurent, Jr. expressed confidence in Verbitski's ability to enhance the management team.

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Environmental Tectonics Corporation (ETCC) announced the departure of Chief Financial Officer Mark Prudenti, who is leaving for personal reasons and not due to any concerns about the company’s financial practices. The Board of Directors is actively searching for a replacement. CEO Robert L. Laurent, Jr. acknowledged Prudenti's contributions and reassured investors about the stability of accounting and internal controls. This development highlights a transition in leadership as the company continues its operations in designing and manufacturing physiological effect monitoring systems.

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Environmental Tectonics Corporation (ETCC) reported its financial results for the third quarter and first three quarters of fiscal 2022. For the third quarter, net sales rose to $4.4 million, up 33.9% year-over-year, contributing to a reduced net loss of $1 million (or $0.07 per share) compared to a $1.8 million loss in Q3 2021. The year-to-date net sales increased 18.5% to $14.9 million, and gross profit surged 138.7% to $3.1 million. Despite challenges due to COVID-19, a backlog exceeding $21 million was noted.

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Environmental Tectonics Corporation (OTC Pink: ETCC) announced a significant achievement with a $1.8 million contract from an international client. This contract involves the provision of a twelve-pallet ethylene oxide (EO) sterilization chamber, designed to enhance the sterilization of medical devices. The contract underscores ETC's strong presence in the EO sterilization market, as highlighted by Eric Hunnicutt, Director of EO Sterilizer Sales. ETC continues to offer specialized sterilization systems tailored to meet the unique needs of the medical device and life science sectors.

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Environmental Tectonics Corporation (ETCC) has been awarded a contract by the University of North Dakota’s John D. Odegard School of Aerospace Sciences for the GAT-HELO Rotary Wing Spatial Disorientation Trainer. This cost-effective simulator provides essential training for helicopter pilots to recognize and manage spatial disorientation during flight. The GAT-HELO includes a motion platform to create realistic flight illusions and supports various training scenarios. The partnership aims to enhance pilot safety through advanced aerospace training methods.

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Environmental Tectonics Corporation (ETC) has secured a $2.6 million contract to supply climatic test equipment to a leading multinational truck and bus manufacturer. This environmental simulation equipment will enable testing under various conditions, including temperature, humidity, and altitude, for diesel, natural gas, hybrid, and electric vehicles. The systems are aimed at enhancing emissions, product development, and regulatory compliance.

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FAQ

What is the current stock price of Envir Tectonics (ETCC)?

The current stock price of Envir Tectonics (ETCC) is $1.6325 as of April 1, 2025.

What is the market cap of Envir Tectonics (ETCC)?

The market cap of Envir Tectonics (ETCC) is approximately 17.9M.

What core technologies define Envir Tectonics?

Envir Tectonics is defined by its software-driven simulation technology, advanced environmental testing systems, and integrated sterilization solutions. These technologies allow the company to mimic real-world scenarios for training and testing purposes.

How does ETCC generate its revenue?

ETCC generates revenue through the design, manufacturing, and sale of complete systems that serve multiple industries. Their offerings include aircrew training systems, sterilization equipment, and specialized testing systems for both commercial and industrial applications.

Which industries benefit from ETCC’s products and services?

ETCC’s products are used across a broad spectrum of industries including aerospace, medical device manufacturing, pharmaceuticals, biotechnology, and high-performance auto racing. Each sector benefits from tailored solutions that replicate complex operational environments.

What makes ETCC's simulation systems unique?

ETCC's simulation systems combine robust hardware engineering with advanced software controls to recreate precise environmental conditions. This integration of software and hardware makes their systems adaptable to various rigorous training and testing scenarios.

Are ETCC’s products applicable in both aerospace and healthcare sectors?

Yes, ETCC offers specialized systems for both aerospace and healthcare sectors. Their aircrew training systems and disaster management simulators support aviation, while their sterilization systems cater to medical device, pharmaceutical, and biotechnology industries.

How does ETCC ensure the quality and reliability of its products?

ETCC is committed to high technical standards and employs rigorous testing methodologies during product development and manufacturing. This focus on quality assurance ensures that each integrated system reliably performs under demanding conditions.

What competitive advantage does Envir Tectonics hold in its market?

Envir Tectonics maintains a competitive advantage through its comprehensive and integrated approach, combining advanced software and hardware engineering. This synergy allows the company to develop custom solutions that address complex operational challenges unique to its diverse clientele.

How is ETCC's product design tailored to meet industry-specific challenges?

ETCC designs its products by aligning engineering excellence with specific market demands. Whether it is simulating rapid changes in environmental conditions or ensuring precise control in sterilization processes, each system is meticulously developed to meet the stringent requirements of its respective sector.
Envir Tectonics

OTC:ETCC

ETCC Rankings

ETCC Stock Data

17.94M
9.45M
0.15%
0.06%
Aerospace & Defense
Industrials
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United States
Southampton