Healthcare Industry News: Environmental Tectonics
News Release - February 26, 2007
Environmental Tectonics Corporation's Sterilization Systems Division Announces New Orders Across All Markets
SOUTHAMPTON, Pa., Feb. 26 (HSMN NewsFeed) -- Environmental Tectonics Corporation's (Amex: ETC ; "ETC" or the "Company") Sterilization Systems Division announced today it has received new orders ranging across all major market segments. New orders, totaling in excess of $1.7 million, have been received from the Pharmaceutical, Medical Device and Animal Care markets.The projects include two new sterilization systems for an Animal Care client, one new sterilization system for a Medical Device client, a large cGMP Steam Autoclave (announced previously), and a control system upgrade project complete with a field service hardware upgrade.
David Mitchell, Business Unit Manager of the Sterilization Systems Division, commented, "New contract orders for our Division have been very strong this year. Our backlog of work remains near record levels and revenue has increased significantly. Demand continues high for our field service upgrade retrofit offerings which allow our customers to extend the useful life of their equipment by 10 to 15 years for a fraction of the cost of a new sterilization system."
ETC designs, develops, installs and maintains aircrew training systems, public entertainment systems, process simulation systems (sterilization and environmental), clinical hyperbaric systems, environmental testing and simulation systems, and related products for domestic and international customers.
This press release may include 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. We have based these forward- looking statements on our current expectations and projections about future events. These forward-looking statements are subject to known and unknown risks, uncertainties and assumptions about the Company that may cause our actual results, levels of activity, performance or achievements to be materially different from any other future results, levels of activity, performance or achievements expressed or implied by such forward-looking statements. In some cases, you can identify forward-looking statements by terminology such as "may", "will", "should", "could", "would", "expect", "plan", "anticipate", "believe", "estimate", "continue", or the negative of such terms or similar expressions. Factors that might cause or contribute to such a discrepancy include, but are not limited to, contract cancellations, failure to obtain new contracts, political unrest in customer countries, unfavorable results in litigation, general economic conditions, and those issues identified from time to time in our Securities and Exchange Commission filings and other public documents, including, without limitation, our Annual Report on Form 10-K for the fiscal year ended February 24, 2006.
Source: Environmental Tectonics
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