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News Release - January 19, 2009
Environmental Tectonics Corporation Announces the Sale of Two BARA-MED(R) XD Monoplace Hyperbaric Chambers
SOUTHAMPTON, Pa., Jan. 19 (Healthcare Sales & Marketing Network) -- Environmental Tectonics Corporation's (Amex: ETC ; "ETC" or the "Company") BioMedical Division today announced the sale of two BARA-MED® XD Monoplace Hyperbaric Chambers for placement at St. Luke's Hospital in Allentown, PA.St. Luke's Hospital - Allentown Campus is part of the St. Luke's Hospital & Health Network, a nationally recognized, regional, integrated network of non-profit hospitals, physicians and other health-related organizations providing care primarily in Lehigh, Northampton, Carbon, Schuylkill, Bucks, Montgomery, Berks and Monroe counties in Pennsylvania.
The hyperbaric treatment center at St. Luke's Hospital - Allentown Campus features physicians with more than 50 combined years of experience in delivering hyperbaric medicine. St. Luke's Hospital - Allentown Campus' hyperbaric medicine program is the only program in the region to offer an on-call service 24-hours-a-day, seven-days-a-week for emergency treatment.
Bob Toth, coordinator of St. Luke's hyperbaric program stated, "We have had a Hyperbaric Department here for more than 35 years and were in the market for a new chamber. After a recent tour of ETC to see the chamber and its capabilities first hand, we decided it was just what we needed. The operating system is great, and the Smooth-Ride(TM) pressure-change technology has been very well received by our patients."
Hyperbaric Oxygen Therapy (HBOT) entails supplying oxygen under pressure in a hyperbaric chamber. It is utilized in the treatment of carbon monoxide and smoke inhalation and other conditions including air or gas embolism, crush injury, wound care, decompression sickness, blood loss, soft tissue infection, radiation tissue damage and thermal burns.
ETC manufactures the industry's most technically advanced hyperbaric chamber. The BARA-MED® XD includes a 4th generation time proven Windows® based operating systems which controls and records chamber activity. ETC chambers continue to 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.
Bob Salmons, NE Regional Manager of ETC's BioMedical Division, commented, "I believe this recent placement is a continued affirmation of the Company's design and production capability. Sales of our BARA-MED® XD chambers have increased dramatically in the past year and we look forward to the future."
The BARA-MED® and BARA-MED® XD are a true evolution of ETC's expertise in bringing practical value and technology of EMR 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 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.
Source: Environmental Tectonics
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