Healthcare Industry News: BARA-MED XD
News Release - January 15, 2008
Environmental Tectonics Corporation Announces Sale of Hyperbaric Monoplace Chamber to Billings ClinicSOUTHAMPTON, Pa., Jan. 15 (HSMN NewsFeed) -- Environmental Tectonics Corporation's (Amex: ETC ; "ETC" or the "Company") BioMedical Systems Division today announced the sale of a BARA-MED® XD Monoplace Hyperbaric Chamber to Billings Clinic, a not-for-profit organization, governed by the community, with physician leadership at all levels. Billings Clinic operates a comprehensive multi-specialty physician clinic with 230 physicians and 62 non-physician providers in 35 different specialties, integrated with a 272-bed hospital. ETC Biomedical Systems is pleased to work with Billings Clinic, the largest employer in Billings, Montana, with over 3200 employees.
Brad Wells, Western Regional Manager of ETC's BioMedical Systems Division, commented, "This is a perfect way to start off the New Year. ETC was selected, in large part, due to our technological innovations in the area of control system technology."
ETC is the manufacturer of the industry's most technically advanced hyperbaric chamber. The BARA-MED(r) XD includes a 4th generation Windows® based operating systems which controls and records chamber activity. ETC chambers remain the leader in providing a patient friendly pressurization alternative (Smooth Ride(TM)) that minimizes complications due to middle ear and sinus barotraumas without increasing compression time.
ETC plans to continue to deliver both well-designed and scientifically advanced products in a competitive market. The BARA-MED® and BARA-MED® XD are a true advancement of our expertise in bringing practical value and technology closer together.
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 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. These forward-looking statements include statements with respect to ETC's vision, mission, strategies, goals, beliefs, plans, objectives, expectations, anticipations, estimates, intentions, financial condition, results of operations, future performance and business of ETC, including but not limited to, (i) projections of revenue, costs of raw 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 of plans and objectives of ETC 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 ETC or its business, (v) statements made about the possible outcomes of litigation involving ETC, and (vi) 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 ETC's control. Factors that might cause or contribute to such a material difference include, but are not limited to, those discussed 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 23, 2007. Shareholders are urged to review these risks carefully prior to making an investment in the ETC's common stock.
The Company cautions that the foregoing list of important factors is not exclusive. ETC 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 ETC.
Source: Environmental Tectonics
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