NASTAR Center Officially Opens on 50th Anniversary of Sputnik Launch
Environmental Tectonics Corporation (Amex: ETC) (“ETC” or the “Company”) today announced the grand opening of the National Aerospace Training and Research Center (NASTAR(SM) Center).
The NASTAR Center officially opened for business October 4th, on the 50th anniversary of the launch of the Soviet satellite Sputnik, which initiated the space age. The NASTAR Center is prepared to become a significant contributor to the next fifty years of the space age, during which private space travel is projected to grow substantially
The NASTAR Center is already the leader in space traveler training, having been named the official space training provider for Virgin Galactic. Virgin Galactic’s Founders, or first 100 paid private space travelers, are currently training for their suborbital space flights at the NASTAR Center.
As part of the Grand opening activities, NASTAR Center demonstrated its space launch training capabilities providing their training to their inaugural class attended by Apollo XI astronaut Buzz Aldrin, and private space travelers to the International Space Station, Greg Olsen and Anousheh Ansari. At the completion of their training, which included rides in the NASTAR Center’s high performance human centrifuge, the Space training System 400 (STS-400) the class members were recognized as honorary NASTAR Center instructors.
Buzz Aldrin said that he could not have been more thrilled with the training, and that it reminded him somewhat of his launch into space aboard the Saturn V rocket. After his space launch experience, Greg Olsen commented, “Going through this space launch experience has whetted my appetite to try the real thing again sometime.” After smiling through her entire ride, Anousheh Ansari said, “For a moment, I felt like I was launching to space again.”
At the ribbon-cutting ceremony Wednesday evening, William F. Mitchell, CEO of ETC said, “NASTAR Center is a National Asset that will impact; Science, Understanding of the Human Body, Space Exploration, Our Carbon Usage, Safety of Commercial and Military Pilot, Our Defense Budget. Aeronautical research generated at NASTAR Center would allow the US to regain its place as the technological leader in the world.”
The NASTAR(SM) Center, co-located with ETC’s corporate headquarters in Southampton, PA, houses state-of-the-art equipment and professional staff to support the training and research needs of the aerospace community, including military aviation (fixed and rotary wing), civil aviation (fixed and rotary wing), space travel (government and private) and research support and data collection. NASTAR(SM) Center’s equipment and programs are highly modular and flexible and can accommodate a wide range of aerospace training and research requirements.
ETC designs, develops, installs, maintains and provides aircrew training systems and integrated pilot training, 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 23, 2007.
Contact: Duane D. Deaner, CFO
Tel: 215-355-9100 (ext. 1203) Fax: 215-357-4000
