ETC Announces Notice of Annual Meeting of Shareholders

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SOUTHAMPTON, Pa., November 09, 2021 (GLOBE NEWSWIRE) – Environmental Tectonics Society (OTC Pink: ETCC) (“ETC” or the “Company”) announces today that the Annual Meeting of Shareholders (“Annual Meeting”) will be held virtually via Zoom on Thursday, November 18, 2021 at 10:00 am for the following purposes:

I. To elect five (5) directors to serve on the board of directors until ETC’s annual meeting of shareholders in 2022 and until their successors are elected.

II. Ratify the appointment of RSM US LLP as an independent registered accounting firm for ETC for the fiscal year ending February 25, 2022.

III. To deal with other business which may be duly referred to the meeting and to any adjournment of the meeting.

As a precaution, ETC decided to change the meeting from an in-person meeting at our head office to a virtual meeting via Zoom. If you would like to receive by email the Zoom link to access the meeting, please email Andrea Morton at amorton@etcusa.com. Links will be emailed to you within twenty-four (24) hours of the time of the meeting.

The board of directors has set the closing of offices on September 20, 2021 as the reference date for determining the shareholders entitled to be convened and to vote at the annual meeting. The documents of the annual meeting were made available to shareholders of record on or around October 14, 2021 on the record date. These documents are also available in the Investors section of the ETC website at https://www.etcusa.com/investors/actionnaire-information/annual-meetingshareholders-materIals /.

You can vote for your actions by emailing your position on each of the above to vote@etcusa.com. If you are unable to attend the General Meeting, it is always important that your actions are represented. Please vote your shares promptly.

About ETC

ETC was incorporated in 1969 in Pennsylvania. For more than five decades, we have provided our customers with products, services and support. Continuous technological innovation, improvement and improvement, and product quality are core values ​​essential to our success. We are a leading supplier and innovator in the following areas: (i) software-based products and services used to create and monitor the physiological effects of flight, including high performance tactical jet flight simulation, prevention and control. recovery from fixed and rotary wing disturbances and spatial disorientation, and suborbital and orbital manned commercial flights, collectively, Aircrew Training Systems (“ATS”); (ii) altitude chambers (hypobars); (iii) hyperbaric chambers for several people (multi-sided chambers); (iv) Advanced Disaster Management Simulators (“ADMS”); (v) steam and gas sterilizers (ethylene oxide); and (vi) environmental testing and simulation systems (“ETSS”).

We operate in two main lines of business, Aerospace Solutions (“Aerospace”) and Commercial / Industrial Systems (“CIS”). Aerospace encompasses the design, manufacture and sale of: (i) ATS products; (ii) altitude chambers (hypobars); (iii) hyperbaric chambers for several people (multi-sided chambers); and (iv) ADMS, as well as Integrated Logistics Support (“ILS”) for customers who purchase these or similar products manufactured by other parties. These products and services provide customers with a comprehensive solution offering for better readiness and lower operating costs. Sales of our aerospace products are primarily made to US and foreign government agencies and civil aviation organizations. CIS encompasses the design, manufacture and sale of: (i) steam and gas sterilizers (ethylene oxide); and (ii) ETSS; as well as parts and support services for customers who purchase these or similar products manufactured by other parties. We sell our sterilizers to medical device manufacturers, pharmaceutical manufacturers and universities. We sell ETSS primarily to commercial automotive manufacturers and manufacturers of heating, ventilation and air conditioning (“HVAC”) systems.

ETC-PZL Aerospace Industries Sp. Z oo (“ETC-PZL”), our 95% owned subsidiary in Warsaw, Poland, is currently our only operating subsidiary. ETC-PZL manufactures certain simulators and provides software to support domestically produced products in our Aerospace segment.

The majority of our net sales are generated by long-term contracts with US and foreign government agencies (including Foreign Military Sales (“FMS”) contracted through the US government) for research, design, development, manufacture, integration and maintenance of ATS products, including altitude chambers (hypobars) and multiplaces (“chambers”), and simulators manufactured and sold by ETC-PZL, collectively, Aeromedical Training Solutions . The Company also enters into long-term contracts with domestic customers for the sale of sterilizers and ETSSs. ADMS net sales are generally much shorter in nature and vary between domestic and international customers. We generally provide our products and services under fixed price contracts.

ETC’s unique ability to offer complete systems, designed and manufactured to high technical standards, sets it apart from its competitors. ETC is headquartered in Southampton, Pennsylvania. For more information on ETC, visit http://www.etcusa.com/.

Forward-looking statements

This press release contains forward-looking statements, which are based on management’s expectations and are subject to uncertainties and changes in circumstances. Words and phrases that reflect anything other than historical facts are intended to identify forward-looking statements, and such 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 regarding 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 which may cause actual results to differ materially from any future results implied by such forward-looking statements. We caution you not to place undue reliance on these forward-looking statements.


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