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 its new
5000 series parachute canopy fully complies with ASTM standard F2316 for
whole-aircraft emergency recovery systems. “With
this compliance, the flying public can be assured that the design and
functionality of our new 5000 series parachute will meet the rigorous
standards of this industry-governing body…a
milestone that differentiates us from any other manufacturer to date,”
commented BRS VP of Engineering, Frank Hoffmann. In addition to
compliance with the ASTM standard, BRS has submitted its test plan for
the 5000 series to the FAA for Part 23 certification review. Once
approved, this parachute will be available for use on certificated
aircraft within the weight category for which it was designed. “Being
ASTM-compliant, and soon-to-be Part 23 certified for this new
weight-category parachute, means BRS can readily support the
higher-weight category VLJs and heavier piston airframes…something
not possible only a few months ago.” added
CEO Larry Williams. BRS will be aggressively marketing this system and
sees a bright future for parachute systems in this new arena of “heavier
aircraft.”
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 industry. Ballistic Recovery Systems is a
publicly traded company (BRSI.PK). Since 1981, BRS has delivered more
than 29,000 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
213 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.