Day: July 1, 2022

A New Corporate Structure to Support Growth Strategy and Expand Individual Brands

KIRKLAND, Wash., July 01, 2022 (GLOBE NEWSWIRE) — Alaska Structures, Inc. (Alaska) is pleased to announce that, following the recent tremendous expansion of its product lines and its successful consolidation with WeatherPort Shelter Systems, the company is implementing a strategic renaming and restructuring program that reflects its continued growth and expanded product offerings. Effective July 1, 2022, Alaska will be renamed “AKS Industries, Inc.” and will serve as a parent corporation holding all its existing product lines under three new corporate divisions: Alaska Defense™, Alaska Structures^®, and BLU-MED Response Systems^®.

The timing of the renaming and restructuring program coincides with the expansion of Alaska Defense’s hard-wall container-based product lines, as well as a significant milestone in the company’s history. Alaska is known for providing the world’s most popular and widely used soft-wall shelter systems, with more than 65,000 shelter systems successfully deployed in 85-plus countries. Now, with nearly 400,000 square feet of manufacturing space in the USA, AKS Industries™ has grown to become the most efficient and largest manufacturer of its kind. In addition to manufacturing the highest-quality fabric buildings made anywhere in the world, AKS Industries now has the in-house capability to manufacture heavy-duty cargo trailers, expeditionary light towers, and modular container systems.

“This is an exciting development for AKS Industries and our customers. We now offer the option of both soft- and hard-wall building solutions. Bringing this capability in-house allows us to expand our product offerings and create containerized buildings that deliver the same rugged durability our customers expect, but also seamlessly integrate with our well-known plug-and-play capabilities,” stated COO Gerrit Boyle.

Under the new structure, the company’s three divisions will be as follows:

Alaska Defense™ — Formerly the Military Division of Alaska Structures, Alaska Defense will remain focused on providing rapidly deployable military shelter systems and military base camps while expanding its new lines of containerized facilities, including containerized shower/latrine systems to support military base camps. Alaska Defense will continue to support the rapid expansion of forces and enhance mission readiness with energy-efficient and scalable solutions that offer unmatched setup and strike capability for expeditionary or enduring deployments anywhere in the world.

For more information, please visit www.alaskadefense.com.

Alaska Structures^® — Formerly Alaska’s commercial division, the Alaska Structures division of AKS Industries™ will continue to manufacture commercial fabric buildings and remote camp systems used by mining, construction, oil and gas, and manufacturing companies worldwide while expanding its consumer- and recreational-focused WeatherPort^® product lines. Engineered fabric buildings from Alaska Structures meet area-specific wind and snow loads for safety, drastically reduce construction schedules, are easily relocated, and offer long-lasting durability in extremely hot, humid, and cold climates.

For more information about Alaska Structures’ commercial product lines, please visit www.alaskastructures.com.

For more information about Alaska Structures’ WeatherPort product lines, please visit www.weatherport.com.

BLU-MED Response Systems^® (BLU-MED^®) — BLU-MED^® will continue as the mobile medical facilities division of AKS Industries to supply government agencies (of all levels), response organizations, and first responders with medical facilities and mobile field hospitals to respond quickly to medical emergencies, disasters, hospital surge events, disease outbreaks (like Ebola, COVID-19, flu, etc.) and world conflicts “…when and where needed.” ^®

For more information, please visit www.blu-med.com.

Point of Contact:
William Hansen
AKS Industries, Inc.
inquiry@aks.com

This content was issued through the press release distribution service at Newswire.com.

SOUTHAMPTON, Pa., July 01, 2022 (GLOBE NEWSWIRE) — Environmental Tectonics Corporation (OTC Pink: ETCC) (“ETC” or the “Company”) today announces that the Annual Meeting of Shareholders (“Annual Meeting”) will be held virtually via Zoom on Thursday, August 4, 2022 at 10:00 a.m. for the following purposes:

1. To elect five (5) Directors to serve on the Board of Directors until ETC’s 2023 Annual Meeting of Shareholders and until their successors are elected.
2. To ratify the appointment of RSM US LLP as the independent registered public accounting firm for ETC for the fiscal year ending February 24, 2023.
3. To transact such other business as may properly come before the meeting and any adjournment of the meeting.

ETC will be convening the meeting from our Corporate Headquarters via Zoom. If you would like to have the Zoom link emailed for access to the meeting, please email Andrea Morton at amorton@etcusa.com. Links will be emailed within twenty-four (24) hours of the meeting time.

The Board of Directors has fixed the close of business on June 23, 2022 as the Record Date for the determination of shareholders entitled to notice of and to vote at the Annual Meeting. Materials for the Annual Meeting were made available on or about June 30, 2022 to registered shareholders as of the Record Date. Such materials are also available within the Investors section of ETC’s website at https://www.etcusa.com/investors/ shareholder-information/annual-meetingshareholders-materials/.

You can vote your shares by emailing your position on each of the above items to voting@etcusa.com. If you are unable to attend the Annual Meeting, it is still important that your shares be represented. Please vote your shares promptly.

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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:      Joseph F. Verbitski, Jr., Chief Financial Officer
Phone:        (215) 355-9100 x1531
E-mail:        jverbitski@etcusa.com