Environmental Tectonics Corporation’s NASTAR Center Completes First FAA Safety Approval Audit
SOUTHAMPTON, Pa., June 9, 2011 /PRNewswire/ — Environmental Tectonics Corporation’s (OTC Bulletin Board: ETCC.PK) (“ETC” or the “Company”) The NASTARÃ‚® Center, the premier commercial aerospace training and research center, completed its first annual Federal Aviation Administration (FAA) Safety Approval audit and inspection on June 2nd, 2011, for the continued use of the Space Training Simulator (STS-400) centrifuge for its Space Training Programs. The audit continues NASTAR Center’s FAA Safety Approval for another year.
The NASTAR Center’s FAA Safety Approval (SA 10-001), first issued April 7, 2010, was the first approval of its kind granted by the FAA Office of Commercial Space Transportation (FAA AST) to provide Spaceflight Training. The FAA granted Approval SA 10-001 for an initial 5-year period, subject to periodic audits and this was NASTAR Center’s first audit. The successful audit signifies that NASTAR Center can offer training using the STS-400 to prospective launch operators to meet the Crew Qualification and Training Requirements of 14 CFR 460.5.
Representatives from FAA AST, Washington, DC, conducted the audit. The audit consisted of a review of conformance to the terms of the Safety Approval as well as a review of the STS-400, including operating and safety procedures, operation and maintenance manuals, and inspection and maintenance documentation. Additionally, the use of the STS-400 in the NASTAR Center space training programs was reviewed and several training profiles were observed.
“We are pioneering the path that will enable other commercial space companies to easily and efficiently receive Safety Approvals and pass audits from the FAA AST,” said Brienna Henwood, Director of Space Training and Research at The NASTAR Center. “I am proud to have such a great relationship with the FAA and a wonderful team at NASTAR Center that supports, facilitates, and encourages our ongoing commercial space training efforts.”
NASTAR Center’s Aviation and Space Programs and Educational Outreach programs provide a continuum of education from first grade to professional space pilots. Students, teachers, researchers, and space participants have been among the trainees taught at the NASTAR Center. To learn more about available programs or to schedule a visit of the facility, please go to www.nastarcenter.com or call 1(866) 482-0933.
About NASTAR Center
The National AeroSpace Training And Research (NASTARÃ‚®) Center is a wholly-owned subsidiary of Environmental Tectonics Corporation. The NASTAR Center is a state-of-the-art aerospace training, research, and educational facility dedicated in improving the health and safety of humans in extreme conditions. NASTAR Center serves military aviation (fixed and rotary wing), civil aviation (fixed and rotary wing), space travel (government and private) and provides research support for component and human factors testing. www.nastarcenter.com
Environmental Tectonics Corporation was incorporated in 1969 in Pennsylvania, USA. For over forty years, we have provided our customers with products, service and support. Innovation, continuous technological improvement and enhancement, and product quality are core values and critical to our success. We operate in two business segments – Training Services Group (“TSG”) and Control Systems Group (“CSG”). Our core technologies in TSG include the design, manufacture and sale of training services which includes (1) software driven products and services used to create and monitor the physiological effects of flight; (2) high performance jet tactical flight simulation, and; (3) driving and disaster simulation systems, and in CSG include: (1) steam and gas sterilization; (2) testing and simulation devices for the automotive industry, and; (3) hyperbaric and hypobaric chambers. Product categories included in TSG are Authentic Tactical Fighting Systems (ATFS), Aircrew Training Systems (ATS) and disaster management systems (ADMS). CSG includes sterilizers, environmental control devices and hypo/hyperbaric chambers along with parts and service support.
Discussions of some of the matters contained in this press release may constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities and Exchange Act of 1934, as amended, and as such, may involve risks and uncertainties. We have based these forward-looking statements on our current expectations and projections about future events or future financial performance, which include implementing our business strategy, developing and introducing new technologies, obtaining, maintaining and expanding market acceptance of the technologies we offer, and competition in our markets. These forward-looking statements are subject to known and unknown risks, uncertainties and assumptions about ETC 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) 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, (ii) statements or 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, (iii) statements of future economic performance, (iv) statements of assumptions and other statements about the Company or its business, (v) statements made about the possible outcomes of litigation involving the Company, (vi) statements regarding the Company’s ability to obtain financing to support its operations and other expenses, and (vii) statements preceded by, followed by or that include terminology such as “may,” “will,” “should,” “expect,” “plan,” “anticipate,” “believe,” “estimate,” “future,” “predict,” “potential,” “intend,” or “continue,” and 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 our Annual Report on Form 10K for the fiscal year ended February 25, 2011, 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 factors that could affect forward-looking statements by ETC 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. Fax: Deaner, CFO Tel: 215-355-9100 (ext. 1203) 215-357-4000 ETC - Internet Home Page: http://www.etcusa.com
SOURCE Environmental Tectonics Corporation