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 was
notified of an aircraft accident in Germany on Monday, August 25th, 2008
where its parachute recovery system saved the life of its pilot. The
pilot of an FK14 Polaris light aircraft, losing aerodynamic control of
his aircraft upon encountering severe weather near the city of Cologne,
Germany and, realizing he was in a deteriorating situation, elected to
deploy his installed BRS emergency parachute system. The pilot
subsequently landed in a grove of trees and walked away with only a
sight scratch to his face. “Once again, I am
extremely proud of the BRS team whose concerted efforts made such a
difference to this pilot and his family”, said
BRS CEO, Larry Williams. “We are indeed
privileged to work for a company that has designed, manufactured, and
sold such a product which has saved so many lives through the years!”
he added. This incident marks the 214th
documented life saved by the patented BRS parachute system.
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 wholly-owned subsidiary of BRS, 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 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 214 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.