공시 • Jun 16
Environmental Tectonics Corporation, Annual General Meeting, Jul 27, 2023 Environmental Tectonics Corporation, Annual General Meeting, Jul 27, 2023, at 10:00 Eastern Daylight. Agenda: To elect five Directors to serve on the Board of Directors until ETC’s 2024 Annual Meeting of Shareholders and until their successors are elected; to ratify the appointment of RSM US LLP as the independent registered public accounting firm for ETC for the fiscal year ending February 23, 2024; and to transact such other business as may properly come before the meeting and any adjournment of the meeting. New Risk • Jun 12
New major risk - Revenue and earnings growth Earnings have declined by 25% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (24% average weekly change). Earnings have declined by 25% per year over the past 5 years. Market cap is less than US$10m (US$7.08m market cap). 공시 • May 06
Environmental Tectonics Corporation Announces Resignation of Joseph F. Verbitski, Jr. as Chief Financial Officer, Effective May 12, 2023 Environmental Tectonics Corporation announced that Joseph F. Verbitski, Jr. has decided to leave his position as Chief Financial Officer, effective May 12, 2023, to pursue an opportunity outside the company. ETC’s Board of Directors has initiated the process to identify qualified candidates to fill the position. 공시 • Jan 10
Environmental Tectonics Corporation Appoints Brian J. Eccleston to Its Board of Directors Environmental Tectonics Corporation announced the appointment of Brian J. Eccleston to its Board of Directors, to fill a vacancy on the Board. Mr. Eccleston is CFO and Partner at GranitRidge Asset Management LP. Prior thereto, Mr. Eccleston was with BDO USA, LLP for twenty-eight years in increasing roles of responsibility. Most recently, Brian served as Managing Partner, North East Region (Assurance and Tax) and as a Member of the BDO USA Board of Directors. Prior thereto, Brian was New York Managing Partner, Assurance Services; Philadelphia Managing Partner, Assurance Services, and; Assurance Partner, NY Metro Practice. 공시 • Jun 16
Environmental Tectonics Corporation, Annual General Meeting, Aug 04, 2022 Environmental Tectonics Corporation, Annual General Meeting, Aug 04, 2022, at 10:00 Eastern Daylight. 공시 • Mar 10
Environmental Tectonics Corporation’s Simulation Business Unit Wins Multiple Contracts for Their Advanced Disaster Management Simulator Totaling $2.8 Million Environmental Tectonics Corporation’s Simulation business unit, located in Orlando, FL, announced the award of multiple contracts totaling $2.8 Million for customers in the United States, Europe, and Asia. The multiple contracts include orders for new ADMS systems, expansion of existing systems, and extended maintenance contracts. These training systems are in use by Fire Services, Disaster Management Agencies, and Airports. 공시 • Mar 09
Environmental Tectonics Corporation’s Sterilization Systems Group Wins Multiple Contracts for EO Vacuum Chambers and Control Upgrades Totaling $3.1 Million Environmental Tectonics Corporation’s 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. 공시 • Feb 06
Environmental Tectonics Corporation, Annual General Meeting, Mar 10, 2021 Environmental Tectonics Corporation, Annual General Meeting, Mar 10, 2021, at 10:00 US Eastern Standard Time. 공시 • Sep 17
Environmental Tectonics Corporation Announces the Final Acceptance by the U.S. Air Force of A Suite of Four Research Altitude Chambers Environmental Tectonics Corporation announced the final acceptance by the U.S. Air Force of a suite of four Research Altitude Chambers delivered to the 711th Human Performance Wing at Wright-Patterson Air Force Base in Dayton, OH, USA. Valued at over $38 million, the suite of research altitude chambers allows maximum flexibility in the configuration of unique test scenarios under a wide range of environmental conditions. Three of the four chambers are “man-rated” allowing human occupancy for future initiatives. The fourth chamber can be utilized for equipment and various research testing scenarios. ETC’s suite of chambers will support activities for the U.S. Government’s aeromedical research mission, which include: Human performance assessment in moderate and high altitude conditions; Aircrew equipment development, qualification and Man Rating; Operationally focused aeromedical research; Non-medical engineering test work for aircraft/weapons programs. Among other things, the final contract resolution incorporated into the contract the technical provisions of an engineering change proposal that made minor modifications to the device specification to conform it to the as-delivered suite of Research Altitude Chambers, provided for the U.S. Air Force’s final acceptance, resulted in an addition to the contract base price of approximately two percent (2%), and resolved all potential claims regarding contract changes and program delay.