Environmental Tectonics Corp. (OTC:ETCC)

Environmental Tectonics (OTC:ETCC) ($1.74; $16.8m market cap) announced it has been awarded $13.4 million in new contract awards.

• $9.7 million in contracts from three international customers in the Aeromedical Training Solutions business 
• In addition, ETC’s Commercial/Industrial Systems Segment was awarded $3.7 million in contracts from two domestic customers.

While they do not specify the time frame for delivery on these contracts, the $13.4 million represents near a quarter's worth of revenues. 

Environmental Tectonics Corporation provides engineering solutions to its customers with products, service and support. Its segments include Aerospace Solutions (Aerospace) and Commercial/Industrial Systems (CIS)

Environmental Tectonics (OTC:ETCC) ($0.75; $7.0m market cap) announced three contracts totaling $15.9 million. 

• awarded $13.9 million in contracts from two multi-national medical device manufacturers. .  

“These contracts reflect ETC Sterilization Systems Group’s dedication to innovation in our mechanical designs, control systems and software expertise to meet the challenging requirements of this market,”

• awarded a $2.0 million contract as the environmental simulation equipment supplier for a new, state-of-the-art auto racing test cell project. 

 “We feel this project will be an important step in ETSS becoming a leading supplier of racing air systems test equipment for race teams in the U.S. and Europe,”

Our Q3 earnings coverage from January 2024 can be found here. 

Environmental Tectonics Corporation is principally engaged in the design, manufacture, and sale of software driven products and services used to recreate and monitor the physiological effects of motion on humans and equipment and to control, modify, simulate, and measure environmental conditions.