ETC Announces Appointment of Timothy Kennedy, CPA, CMA as Chief Financial Officer

SOUTHAMPTON, Pa., June 14, 2023 (GLOBE NEWSWIRE) — Environmental Tectonics Corporation (OTC Pink: ETCC) (“ETC” or the “Company”) today announces the appointment of Timothy Kennedy, CPA, CMA as the Company’s Chief Financial Officer and Treasurer, effective today.

Mr. Kennedy, age 54, has extensive experience, including ten years of advisory experience, six years as a Global Controller for a medical device manufacturer, and four years as a Chief Financial Officer for a mid-market manufacturer.

Most recently, Mr. Kennedy was Chief Financial Officer with AES Clean Technology. From 2012 to 2019 Tim was with Johnson & Johnson, in several capacities, from Director SOX Compliance to Finance Director. From 2002 to 2012, Mr. Kennedy was with Synthes Inc., where he served as Global Corporate Controller for six years and Director – Mergers and Acquisitions for four. Mr. Kennedy was with Pricewaterhouse Coopers LLP from 1997 to 2002 and with Deloitte & Touche LLP from 1992 to 1997.

Mr. Kennedy, CPA, CMA has a Bachelor of Science in Business Administration, Accounting (Magna Cum Laude) from Drexel University.

Robert L. Laurent, Jr. ETC’s Chief Executive Officer and President, stated, “Mr. Kennedy’s strong background and experience will be an excellent addition to the ETC management team.”

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

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: Robert L. Laurent, Jr. CEO
Phone: (215) 355-9100

GlobeNewswire Distribution ID 8858466

Gov’t should make COVID-19 vaccination compulsory for travelers: MPR

This is needed because COVID-19 active cases are still detected in other countries Jakarta (ANTARA) – Speaker of the People’s Consultative Assembly (MPR) Bambang Soesatyo urged the government to make COVID-19 vaccination mandatory for people traveling by air, sea, and land.”(I am) asking the government to include the COVID-19 vaccine mandate into the requirements for travelers (who travel) by air, sea, and land,” he noted in a statement here on Wednesday. Soesatyo assessed that vaccination should become a requirement, as it can build immunity and influence a decline in COVID-19 active cases and also death cases. The MPR speaker made the request following the issuance of Circular Number 16 of 2023 on health protocols for air travelers during the COVID-19 endemic transition period issued on June 12, 2023, by the Ministry of Transportation. In the new circular, the ministry regulates several aspects, such as travelers being advised to continue their vaccination up to the fourth dose or second booster dose, especially for those having a high risk of COVID-19 transmission. The MPR speaker also urged the Transportation Ministry to cooperate with the immigration authority to supervise travelers, especially those traveling from abroad, to ensure they comply with the new rules or requirements regarding health protocols amid the period of transitioning to the COVID-19 endemic. “This is needed because COVID-19 active cases are still detected in other countries,” he remarked. Lastly, he expressed optimism that relevant parties would promptly conduct the dissemination of information regarding Circular Number 16 of 2023 to the community. Under the efforts to boost the community’s immunity, the Indonesian government launched a nationwide vaccination program on January 13, 2021, targeting as many as 234,666,020 citizens. The data provided by the COVID-19 Handling Task Force showed that as of June 14, 2023, 203,856,359 Indonesians had received the first vaccine dose, 174,912,017 were administered the second dose, 68,965,796 had taken the first booster, and 3,265,918 had received the second booster.

Source: Antara News Agency

J;J Green Paper and Sintesa Group Forge Strategic Partnership to Produce Eco-Friendly Paper Coating

Miami (ANTARA/BusinessWire)-JandJ Green Paper, Inc. (JJGP), a Delaware USA corporation, announced a strategic, global partnership withSintesa Group, a leading Indonesian strategic investment company with a legacy spanning over a century, committed to advancing sustainable growth through impact investments.The joint venture will leverage the patented technology of JJGP and the unparalleled leadership of the Sintesa Group to build worldwide production capacity forJANUS,an eco-friendly coating for paper packaging developed by JJGP that replaces polyethylene and its related environmental hazards. JANUS is an all-natural moisture-proof coating used for paper packaging. Its recyclable, compostable, and repulpable technology can replace the polyethylene currently used in traditional paper products – a significant contributor to the global waste disposal issue and environmental detriment. JANUS is a biodegradable compound with a sustainable food value chain approach and various applications and advantages that align with Sintesa’s philosophy. “Sintesa’s commitment to fostering sustainable growth that can benefit people and the planet perfectly aligns with our vision,” says Rick Bulman, President of JJGP. “We are excited and ready to create tangible positive social changes in Indonesia and globally by promoting a novel solution to manage the environmental hazards of polyethylene.” Started as a family business that aspires to maintain its resilience in an ever-changing dynamic, Sintesa Group puts sustainability as a strategic imperative that guides its business transformation. Under the leadership of fourth-generation family member Abyasa Kamdani, Sintesa ensures its future investment is aligned with the company as it pursues its vision of becoming a Sustainable Excellence Company. “We strive to work with forward-thinking partners that can help with viable solutions to create a more sustainable business landscape and, eventually, world,” says Kamdani, Sintesa’s Head of Business Development. “Through innovative high technology, creating a better future by striving for the balance of economics, social and environmental good is within our grasp. Together with JJGP, we will contribute to the green economy of the ASEAN countries by producing a revolutionary product while helping to support agriculture, manage environmental hazards and create greener jobs through strategic yet responsible investments.” Bulman acknowledged this effort, noting that the sustainable technology introduced in Indonesia is anticipated to drive development initiatives across the ASEAN region in the years ahead. He added that JJGP would soon unveil further advisory partnerships on a global scale aimed at supporting their objectives in the US, Asia, and other regions. “JANUS’ versatility will lead to a long list of products that will no longer sit in landfills for centuries,” says Bulman. “That has always been our goal, and we are confident this venture will make a dramatic environmental impact sooner than consumers think.” bout Sintesa Group: Sintesa Group is a leading Indonesian strategic investment company committed to sustainable excellence. Starting as a family business in 1919, Sintesa Group (PT Widjajatunggal Sejahtera) has transformed into a professional holding company that focuses on building new business as well as developing new strategy partnerships with potential business players. Under 4 main business pillars, namely Property, Consumer Products, Industrial Products, and Energy, Sintesa Group manages more than 15 subsidiaries, with two of them being publicly listed companies registered at the Indonesia Stock Exchange. Sintesa Group incorporate SDGs into its business model and responsible business practice by developing its very own SDGs Roadmap: Sintesa for the Earth, in pursuing the achievement of its vision to become a Sustainable Excellence Company. bout JandJ Green Paper JandJ Green Paper, Inc. is a Delaware USA corporation that has developed a breakthrough all-natural patented compound and process to moisture-proof paper that not only eliminates the petrochemicals found in standard paper and paper packaging that, upon decay, create greenhouse gases but that meets stringent EU community and nation-state standards eliminating single-use plastics. For more information, Contacts Inka Prawirasasra VP Corporate Communications and Sustainability Sintesa Group 085282807879 Source: JandJ Green Paper, Inc.

Source: Antara News Agency

Government striving to handle digital divide: Minister Hartarto

Jakarta (ANTARA) – Coordinating Minister for Economic Affairs Airlangga Hartarto stated that the government is committed to supporting efforts to develop Indonesia’s creative and digital economies by continuing to work to handle the digital divide.”The government is always committed to supporting the development of Indonesia’s creative and digital economies, including by striving to address the digital divide issue and enhance the competitiveness of the country’s digital human resources,” Hartarto stated, as quoted from an official statement in Jakarta, Thursday. Minister Hartarto made the statement during a meeting with the CEO of TikTok social media platform Shou Zi Chew in Jakarta on Wednesday (June 14). The minister reiterated that the government is always providing support to the efforts in developing Indonesia’s creative economy, especially when the country is witnessing an increase in the number of local startup companies developing applications that provide benefits to the people. “The ever developing social media platforms today are helping us to stay interconnected, so we can exchange insights as well as open opportunities to translate aspirations into achievements,” Minister Hartarto affirmed. The minister’s meeting with the TikTok CEO was part of the series of activities of the TikTok Southeast Asia Economic Impact Report 2023 launch event that is taking place on Thursday. overnment representatives from all ASEAN countries are invited to attend the report launch event that constitutes the culmination of the fifth year anniversary celebration of TikTok’s presence in the region. Hartarto also lauded TikTok for its dedication over the past half a decade in inspiring creativity and bringing joy to communities, particularly business actors, who run micro, small, and medium enterprises (MSMEs), as well as the creative economy industry. During the meeting, Minister Hartarto was accompanied by Youth and Sports Minister Dito Ariotedjo as well as the secretary and the expert staff for digital transformation, creativity and human resources at the Coordinating Ministry for Economic Affairs.

Source: Antara News Agency

Cianjur quake: Govt begins Phase III relocation housing construction

The regional government will provide various trainings, including encouraging the relocated residents to become entrepreneurs or grow crops which are economically beneficial Cianjur, W Java (ANTARA) – The Public Works and Public Housing (PUPR) Ministry has begun the Phase III construction of relocation housing in Batulawang village, Cianjur district, West Java province, for Cianjur quake victims.Cianjur District Head Herman Suherman said here on Wednesday that the construction finally started after the location was approved as a relocation site by the central government and his party got permission to use the land from its previous owner. “The houses will be occupied by residents from two areas which are located in the red zone of the Cugenang Fault, namely Sarampad village, Cugenang sub-district, as well as Rawacina hamlet, Nagrak village, Cianjur sub-district,” he added. He said he expects the construction of around 150 units of the relocation houses to be completed in the next few months so that earthquake victims can immediately move into them. lmost seven months after the 5.6-magnitude earthquake of November 21, 2022, hundreds of victims were still living in tents and emergency shelters since they were not included as recipients of the government’s assistance for rebuilding homes, Suherman revealed. He said that his party will also ask the Cooperatives, Small and Medium Enterprises, Trade, as well as Industry Office of Cianjur district to provide various types of entrepreneurship training to the victims to help them increase their income. “The regional government will provide various trainings, including encouraging the relocated residents to become entrepreneurs or grow crops, which are economically beneficial, thus economic activity in the housing complex can continue to run,” he informed. The PUPR Ministry completed the construction of 200 units of relocation houses under Phase I in Cilaku sub-district in March 2023 and 151 units in Mande sub-district under Phase II in April. The houses were built using an earthquake-resistant housing technology called the Simple, Healthy Instant House (RISHA).

Source: Antara News Agency

Papua New Guinea education minister to visit Papua

Jayapura (ANTARA) – Education Minister of Papua New Guinea (PNG) Jimmy Uguro is scheduled to undertake a working visit to Papua, on Thursday, to observe educational development in the province.Head of Papua Province’s Office of Education, Library, and Regional Archive Christian Sohilait said in Jayapura on Wednesday (June 14) that the visit will be the inaugural one from the neighboring country since the establishment of the four newly formed autonomous regions (DOBs) in Papua. The four Papuan DOBs are Central Papua Province, South Papua Province, Highland Papua Province, and Southwest Papua Province. “We gladly welcome the news on the visit. The visit is expected to provide an opportunity to the governments of Papua and PNG to exchange ideas for advancing the world of education,” Sohilaitsaid. During the visit, the PNG entourage will be accompanied by Australian officials, so the visit is highly expected to run smoothly, he added. “So, we received a letter from Australia, informing us that the PNG education minister will be visiting Indonesia, Papua in this case. The PNG entourage will consist of 35 delegates,” he pointed out. The PNG delegates are scheduled to pay visits to the Papua Youth Creative Hub (PYCH) as well as to the State Vocational School 3 of Jayapura, Papua, he noted. “The visit encapsulates two grand agendas. First, they will visit the PYCH before heading to the State Vocational School 3 of Jayapura, where the PNG Government would like to see firsthand how the Indonesian Government is helping dropout children,” Sohilaitsaid. Related news: Papua New Guinea potential target for cross-border QRIS adoption: BI Kemdikbud berikan beasiswa ADEM ADiK untuk 800 pelajar di Papua ;video class=”note-video-clip” controls data-image=”//” poster=”//” src=”//;/video

Source: Antara News Agency

ASEAN, Eurasian Economic Union hold business dialogue

A business dialogue between ASEAN and the Eurasian Economic Union (EAEU) was held on June 15 in the framework of the 26th St. Petersburg International Economic Forum (SPIEF) in Russia.

The year 2023 marks the 5th anniversary of the signing of the Memorandum of Understanding between ASEAN and the EAEU on economic cooperation, as well as the 5th anniversary of the ASEAN-Russia Strategic Partnership.

The ASEAN-EAEU dialogue on June 15 aimed at creating additional impetus to strengthen and diversify cooperation in all areas of the economic and trade agenda, including the circular economy, energy efficiency, industry, food security, logistics, digital technology and tourism.

At the dialogue, speakers all affirmed the great potential of economic cooperation between ASEAN and the EAEU.

Member of the Board – Minister in charge of Integration and Macroeconomics of the Eurasian Economic Commission Sergey Glazyev said that for the EAEU, ASEAN is the most important partner in terms of the system of agreements. However, the low bilateral trade turnover shows that there are great potential and many development opportunities between the two blocs, and it is necessary to convert these potentials into actual results.

One of the limitations affecting trade exchanges between the two blocs is the issue of payment, he said, proposing making payment in local currency, or by developing gold standard electronic currency. However, Glazyev said that the most important thing is that businesses should get more information and increase understanding of each other.

Deputy Secretary-General for the ASEAN Economic Community for 2021-2024 Satwinder Singh suggested three directions to strengthen cooperation between the two blocs, namely energy security, digital technology, and agricultural products and food processing.

Russia’s Deputy Minister of Economic Development Evgeny Zagainov said that ASEAN and its member countries have a significant position in the pivot strategy of Russia – the most important member state in the EAEU.

Zagainov said that within the past year, he has joined Russian delegations to Indonesia, Vietnam, Cambodia, Thailand, and Myanmar to promote trade.

ASEAN is an important market for Russia due to its high economic growth rate, large population, which lead to a large and attractive consumer market, he said, adding that the tourism sector also has a lot of potential for people of both blocs./.

Source: Vietnam News Agency

Hai Phong remains attractive destination for foreign businesses: JETRO

The northern port city of Hai Phong will continue to be an attractive destination for foreign investors, said Vice President Aoyama Shigetoshi of the Japan External Trade Organisation (JETRO) on June 15.

Hai Phong is one of the leading localities in attracting investment from Japan, with advantages such as improved infrastructure and business environment, and investment incentives, he said at the Hai Phong-Japan Investment Promotion Conference in Tokyo. The event attracted the participation of over 150 Japanese businesses and investors.

Jointly organised by the Hai Phong city People’s Committee, Vietnamese Embassy in Japan, JETRO and ASEAN-Japan Centre, the conference aimed to introduce the city’s advantages, investment opportunities and incentives for Japanese investors. It also formed part of activities to celebrate the 50th anniversary of diplomatic relations between Vietnam and Japan.

Speaking at the conference, Secretary of the Hai Phong Party Committee Le Tien Chau emphasised that Japan is an important, reliable and strategic partner of Vietnam.

For Hai Phong city, Japan has become one of its important partners in many fields including environment, education and training, health and agriculture, he said, attributing the city’s achievements in socio-economic development to significant contributions from the Japanese Government and investors. Hai Phong is home to 151 projects with a total investment capital of 5.23 billion USD. Of which, 44 projects worth 1.5 billion USD are in the Japan-Hai Phong Industrial Zone. Japan ranks second in the number of projects and capital among 42 countries and territories investing in the locality.

The city pledges to continue improving its investment and business environment, focusing on developing infrastructure and industrial parks to welcome investors, Chau affirmed.

Participants also witnessed the signing ceremony of memoranda of understanding between Deep C Industrial Park and Japanese investors TBM and IHI./.

Source: Vietnam News Agency