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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 Industry Related Committee Appointments and Certifications of Key Staff

24/03/2008 8:30pm

Business Wire


Ballistic Recovery Systems (CE) (USOTC:BRSI)
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Ballistic Recovery Systems, the world’s leading manufacturer of whole-aircraft parachute systems, has announced the following staff appointments to several parachute-industry committees and updates on certification attainments. Frank Hoffmann, VP of Engineering, was appointed chairman of the ASTM F.37 task group for whole aircraft parachute recovery systems on light sport aircraft (LSA). In this position, Mr. Hoffmann will guide the task group members to improvements and updates of relevant standards to reflect ongoing changes in technology. Chosen by a committee of his peers, Mr. Hoffmann’s appointment to this key position allows him to influence future design standards for this product line. This follows the May 2007 appointment of Mr. Hoffmann to the American Institute of Aeronautics (AIAA) Aerodynamic Decelerator Technical Committee (www.aerodecelerator.org), which meets several times a year throughout the US. This committee focuses on development and application of aerodynamic deceleration systems and lifting parachutes, pararotators, and inflatable decelerators for aerodynamic deceleration, sustentation, and landing of manned and unmanned vehicles. Every second year, the AIAA ADS TC hosts the Aerodynamic Decelerator System Conference, as well as the Heinrich Parachute Short Course. We are also pleased to announce that BRS parachute rigger John Koch has received FAA certification as a Parachute Master Rigger. This certification is the highest level awarded to a rigger and authorizes John to complete all major repairs that affect the airworthiness or function of a parachute. John, an FAA certified Senior Rigger for the past six years, has over 2,400 parachute jumps, and is also a private pilot and A&P mechanic. Finally, at the Parachute Industry Association (PIA) Mini Symposium held in Barcelona, Spain in February 2008, BRS Fabrication general manager Norman Girdwood was re-elected as Chair of the PIA Risk Management Sub-Committee. This sub-committee meets three times a year and is currently tasked with reviewing the existing risk management measures in use in the industry, the emphasis being on sport parachuting and sport parachute equipment manufacturers. PIA supports all aspects of parachute industry design, specifications, and manufacturing of commercial and government parachute products. Mr. Girdwood’s involvement with this key committee allows BRS to have visibility to and influence of the latest industry innovations and risk parameters. About Ballistic Recovery Systems and Advanced Tactical Fabrication Based in South Saint Paul, Minnesota, BRS designs, manufactures, and distributes whole-airplane 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. 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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