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BRSI Ballistic Recovery Systems Inc (CE)

0.000001
0.00 (0.00%)
30 Jul 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% 0.000001 0.00 01:00:00

BRS Announces 11th LSA Installation Complete

29/02/2008 9:00pm

Business Wire


Ballistic Recovery Systems (CE) (USOTC:BRSI)
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Ballistic Recovery Systems, Inc. (Pink Sheets: BRSI), a manufacturer of whole-aircraft emergency parachute systems, announced today that it had completed its 11th ASTM F2316 conforming parachute installation with the Apollo Fox LSA. This comes on the heels of its milestone 10th installation, completed in record time, for the Flight Design CTLS. “What a great accomplishment of collaboration for all involved,” said BRS CEO and President, Larry Williams, “This is the kind of progress needed for the burgeoning LSA market and it comes at a good time in our company’s history when we have sufficient in-house manufacturing infrastructure and capacity now in place to take advantage of projected increased sales for these types of aircraft.” BRS now has the following LSA installations complete (and is working on finishing many additional models over the coming few months): CZAW SportCruiser Flight Design CTSW Apollo Delta Jet (Trike) Aeroprakt A-22 FPNA FK-9 AMD-601 P&M Aviation Quik Trike P&M Aviation Quik GT450 Trike Eurofox Flight Design CTLS Apollo Fox About Ballistic Recovery Systems and Advanced Tactical Fabrication Based in South Saint Paul, Minnesota, BRS designs, manufactures, and distributes whole-aircraft emergency parachute systems for general aviation and recreational aircraft. ATF (or Advanced Tactical Fabrication), a joint venture of BRS and Head Lites Corp (HLC), is a leader in the safety apparel and “cut & sew” industry. Ballistic Recovery Systems is a publicly traded company (BRSI.PK). Since 1981, BRS has delivered more than 28,000 parachute systems to aircraft owners worldwide, including over 3,500 systems on FAA-certificated aircraft such as the Cirrus Design SR20 and SR22 manufactured in Duluth, Minnesota. To date, BRS parachute recovery systems have been credited with saving the lives of 211 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 undertakes no obligation to revise or update this press release to reflect events or circumstances after the date hereof.

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