Ballistic Recovery Systems (CE) (USOTC:BRSI)
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Ballistic Recovery Systems, Inc. (BRSI or
BRSI.OB)(BRSparachutes.com), a manufacturer and worldwide supplier of
whole-airplane parachute recovery systems for general aviation and
recreational aircraft, announced today an agreement to develop and
install a BRS parachute system for Diamond Aircraft's new D-JET. This
historical commitment to aviation safety signifies the first time a
whole airframe recovery parachute system will be developed for
installation in a civilian jet for use by the general flying public.
"We have been discussing the possibility for many years, but this
agreement with Diamond Aircraft represents the next step required to
make our vision a reality. Our spending on the development program has
recently accelerated to accommodate this next generation jet
aircraft," said Boris Popov, founder of BRS and board member. "Diamond
Aircraft gives us the first product platform in the important new very
light jet category and will be a driver for the combined efforts of
our development teams."
"The D-JET will be fully certified to fly without the parachute,
but the parachute will be offered as the standard option. This expands
our tradition of active safety by adding an advanced, proven passive
safety system to the aircraft. Pilots and passengers alike, desire the
reliability of a proven safety technology from the market leader in
whole aircraft parachute recovery systems. We are pleased to select
BRS as our development partner for this program," said Peter Maurer,
President of Diamond Aircraft Industries.
BRS Vice President of Engineering Frank Hoffmann said, "We expect
the initial system to operate at an airspeed and altitude that can
allow a safe recovery of the aircraft and occupants, in situations
such as the unlikely event of an IMC (Instrument Meteorological
Conditions) engine failure or a low altitude emergency. Expansion of
the flight envelope with a secondary system can be integrated later to
allow high speed and high altitude scenario recoveries which are much
less likely to occur, but are also more difficult to execute."
Hoffmann said "the expanded jet high speed, high altitude parachute
recovery system will require only a small increase in weight to house
drogue parachute as well as the computer logic to control the
deployment sequence."
In Ballistic Recovery System's 25-year history, the company has
sold over 22,000 onboard emergency parachute systems to aircraft
owners around the world, including over 2,700 systems on certified
aircraft. BRS units to date have been documented in saving 190 lives,
with 14 of those in certified aircraft.
For more information on BRS contact: Larry E. Williams; BRS, Inc:
Fleming Field, 300 Airport Road; South St. Paul ,MN 5075; USA
(LarryWilliams@BRSparachutes.com) TEL 651.457.7491 ; FAX 651.457.8651
The forward looking matters discussed here should be considered
subject to risks and uncertainties, including the growth of the Light
Sport Aircraft Markets, the success of our distributor in India,
market fluctuations, pricing, procurement, manufacturing efficiencies,
the results of litigation 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.