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.