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BRSI Ballistic Recovery Systems Inc (CE)

0.0005
0.00 (0.00%)
31 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Ballistic Recovery Systems Inc (CE) USOTC:BRSI OTCMarkets Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.0005 0.00 01:00:00

BRS Aerospace Announces Enhanced Parachute Repack Center Network/Special Incentives

26/07/2010 2:30pm

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Ballistic Recovery Systems (CE) (USOTC:BRSI)
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BRS Aerospace ("Ballistic Recovery Systems" or "BRS") of South St. Paul, Minnesota, USA (PINKSHEETS: BRSI) today announced that it will begin providing full repack servicing of its whole airframe parachute recovery systems for the Cirrus Design SR20 and SR22 aircraft, as well as Cessna 172/182s, through a collaborative network of certified repair centers. The repack service center network has been established to service the upcoming 10-year service requirements for these GA/certified aircraft.

Also as part of its continuing effort to improve safety in General Aviation, BRS Aerospace is proud to announce a key vendor relationship with SimTrain, LLC (www.SimTrain.net) and its training partners. In addition to providing the "10-year repack servicing" for these aircraft, BRS Aerospace will also offer a certificate for one hour of full motion simulator training with each Cirrus repack, at no additional cost, for a limited time. Using full motion Advanced Airplane Training Devices (AATDs), BRS Aerospace and SimTrain will present the latest innovations in Scenario Based Training for parachute deployment decisions by incorporating actual deployment scenarios into the training session. With data obtained from previous "real world" deployments of BRS parachutes, SimTrain and its training partners will deliver a realistic experience to demonstrate, educate and prepare pilots and passengers for the use of this proven life-saving technology.

Customized Scenario Based Training packages will be available to BRS customers at SimTrain's three locations: Full Motion Flight Training (www.FMFsim.com) in Minneapolis, Blue Sky Aviation in Atlanta, and The Flight Academy (www.TheFlightAcademy.com) in Las Vegas.

The 2010 repack pricing for an overhauled exchange parachute for Cirrus and Cessna units is $3,682.00 per unit (excluding labor for removal and replacement) to qualified service centers throughout the world. BRS will ship exchange units to the service centers conducting the install work within 24-hours of receipt of an order, or on a 4-day turnaround cycle for units received at its facilities in South St. Paul, Minnesota.

"BRS Aerospace is constantly trying to focus on how to best reach and service our broad base of customers," said Gary Moore, Vice President of Sales and Marketing for BRS. "In anticipation of the upcoming large demand for repacks, we decided to substantially expand the size of our already established and well-proven in-house service center by adding new capabilities designed to minimize turnaround time," Moore added.

BRS Aerospace's facility provides the space and layout to accommodate significantly more repack work than ever before. The facility also boasts a highly experienced staff, including numerous parachute riggers who collectively have nearly 50 years of experience... including Master Rigger status. New sewing operators have also been added as a part of its recent growth in parachute contracts. In all, BRS Aerospace has hired more than 50 new employees over the past eight months.

About BRS Aerospace Based in South Saint Paul, Minnesota, BRS Aerospace consists of three divisions: BRS Aviation which designs, manufactures, and distributes whole-aircraft emergency parachute systems for general aviation and recreational aircraft; BRS Defense which designs and manufactures a variety of parachute systems for US Department of Defense and foreign military customers; and BRS Safety which designs and manufactures reflective and load-bearing safety vests and other safety-related products. Since 1981, BRS Aerospace has delivered more than 31,000 parachute systems to aircraft owners worldwide, including over 4,700 systems on FAA-certificated aircraft such as Cessna 172/182 and the new C-162 Skycatcher, as well as the Piper Sport LSA. To date, BRS Aerospace parachute recovery systems have been credited with saving the lives of 250 pilots and passengers.

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are often, but not always, made through the use of words such as "anticipates," "expects," "plans," "believes," "intends," and other similar words or phrases. These statements are only predictions, and are based on current information and expectations. Such statements involve a number of risks and uncertainties, including market fluctuations, pricing, procurement, manufacturing efficiencies, operating risks, and other risks that could cause the actual results to differ materially from those projected. For more information, review the company's filings with the Securities and Exchange Commission, particularly the Company's annual report on Form 10-KSB. All forward-looking statements are qualified in their entirety by this cautionary statement, and BRS Aerospace undertakes no obligation to revise or update this press release to reflect events or circumstances after the date hereof.

BRS Aerospace 380 Airport Rd South Saint Paul MN 55075-3551 USA

www.BRSAerospace.com

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CONTACT: Boris Popov Email Contact Gary Moore Email Contact Voice: 651-457-7491 FAX: 651-457-8651

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