SOUTHAMPTON, Pa., Feb. 17 /PRNewswire-FirstCall/ -- Environmental Tectonics Corporation’s (“ETC” or the “Company”) BioMedical Systems Division today announced the sale of two (2) BARA-MED(R) XD Monoplace Hyperbaric Chambers to Oasis Hyperbarics, Mt. Pleasant, SC, USA.
ETC is delighted to work with Oasis Hyperbarics, a new hyperbaric medical practice run by Eric Brittain, MD and Tim Osbon, MD. Oasis Hyperbarics is affiliated with Hyperbaric Therapy of Low Country in Hilton Head, SC, another facility that utilizes BARA-MED(R) XD Monoplace Hyperbaric Chambers.
Hyperbaric Oxygen Therapy (HBO) is a non-invasive therapy. In its clinical applications, the patient breathes 100% oxygen while fully enclosed in a specially designed chamber at ambient pressures up to three times normal atmospheric pressure. HBO is used to promote and support healing in the management of conditions in which oxygen transport to the tissues has been disrupted by traumatic injury, infection, inflammation, or edema.
ETC prides itself on being the only manufacturer of a computerized monoplace hyperbaric chamber. The BARA-MED(R) XD includes a 4th generation Windows(TM) based operating system. Our computerized system eliminates the need for operator dive time management and paper recordkeeping while ensuring comprehensive documentation of the procedure. These features enable technicians to focus their attention on patient care and management, making them more effective and efficient.
Gene Davis, President of ETC’s BioMedical Division, commented, “I am very pleased with our sales performance this fiscal year. Through the third quarter, sales were up over 90% from last year. ETC is finally evidencing the benefit of our continuous investment in technology and our Windows(TM) based operating system.”
ETC’s BioMedical Systems Division’s goal is to keep its equipment and customers at the forefront of hyperbaric medicine. In addition to their regular use in clinical treatments at medical facilities around the globe, the BARA-MED(R) XD hyperbaric chambers are routinely involved in the field of research.
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) potential additional funding by Lenfest, (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; (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 10K 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 of Environmental Tectonics Corporation,
+1-215-355-9100 (ext. 1203), or fax, +1-215-357-4000
Web site: http://www.etcusa.com/
