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ENVIRONMENTAL TECTONICS CORPORATION

(ETCC)
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ETC Sterilizers Awarded Multiple Contracts for EO Vacuum Chambers and Control Upgrades Totaling $3.1 Million

03/08/2021 | 05:15pm EDT

SOUTHAMPTON, Pa., March 08, 2021 (GLOBE NEWSWIRE) -- Environmental Tectonics Corporation’s (OTC Pink: ETCC) (“ETC” or the “Company”) Sterilization Systems Group announced it has been awarded multiple contracts from domestic customers since February 1, 2021, totaling $3.1 million. The contracts include two, six-pallet vacuum degassing chambers for use with accelerating the ethylene oxide (“EO”) sterilization aeration process, seven EO Control System Upgrades, mechanical upgrades, and additional environmental monitoring control systems to guard the entire facility for proper air flow, ventilation, oxygen levels, EO gas levels, and many other safety related functions. “These contracts reflect ETC Sterilization Systems Group’s expertise in EO sterilization and system controls,” states Eric Hunnicutt, ETC Director of EO Sterilizer Sales. ETC’s Sterilization Systems Group offers Steam and Ethylene Oxide (“EO”) Sterilizer Systems, Vacuum Dryers, Software Systems, and project management services to the Medical Device, Pharmaceutical, Biotechnology, and Life Science industries. ETC’s systems are often specially designed to meet unique process systems challenges.

About ETC

ETC designs, manufactures, and sells software driven products and services used to recreate and monitor the physiological effects of motion on humans, and equipment to control, modify, simulate, and measure environmental conditions. Our products include aircrew training systems (aeromedical, tactical combat, and general), disaster management systems, sterilizers (steam and gas), environmental testing and simulation systems, and other products that involve similar manufacturing techniques and engineering technologies. ETC’s unique ability to offer complete systems, designed and produced to high technical standards, sets it apart from its competition. ETC is headquartered in Southampton, PA. For more information about ETC, visit http://www.etcusa.com/.

Forward-looking Statements

This news release contains forward-looking statements, which are based on management’s expectations and are subject to uncertainties and changes in circumstances. Words and expressions reflecting something other than historical fact are intended to identify forward-looking statements, and these statements may include words such as “may”, “will”, “should”, “expect”, “plan”, “anticipate”, “believe”, “estimate”, “future”, “predict”, “potential”, “intend”, or “continue”, and similar expressions. We base our forward-looking statements on our current expectations and projections about future events or future financial performance. Our forward-looking statements are subject to known and unknown risks, uncertainties and assumptions about ETC and its subsidiaries that may cause actual results to be materially different from any future results implied by these forward-looking statements. We caution you not to place undue reliance on these forward-looking statements.

Contact:   Mark Prudenti, CFO
   
Phone: (215) 355-9100 x1531
   
E-mail: mprudenti@etcusa.com
   

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ę GlobeNewswire 2021
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Financials (USD)
Sales 2021 16,3 M - -
Net income 2021 -7,49 M - -
Net Debt 2021 19,3 M - -
P/E ratio 2021 -0,73x
Yield 2021 -
Capitalization 3,75 M 3,75 M -
EV / Sales 2020 0,66x
EV / Sales 2021 1,52x
Nbr of Employees 207
Free-Float 99,9%
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Managers and Directors
Robert L. Laurent President, Chief Executive Officer & Director
Mark Prudenti Chief Financial Officer & Treasurer
George K. Anderson Chairman
Thomas G. Loughlin Chief Operating Officer
James D. Cashel Secretary, Chief Compliance Officer & VP