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 Hungary on Sunday, April 20th,
2008 where its patented parachute recovery system saved the lives of the
pilot and passenger. The pilot of a Zenair CH601XL was conducting a
familiarization flight for his passenger when at 3,000 ft. altitude he
unwittingly entered an unrecoverable spin. Realizing their peril after
several attempts to exit the spin were unsuccessful, the pilot elected
to deploy his parachute which safely landed the aircraft and its
occupants. Pilot and passenger walked away completely unscathed while
the aircraft sustained structural, but
repairable, damage to its landing gear and undercarriage. “I
am so proud of our BRS family of employees and distributors whose
concerted efforts once again have saved human lives,”
said BRS CEO, Larry Williams. “These types of
occasions are what make everything worthwhile to us!”
he added. This incident marks numbers 212 and 213 in BRS’
extensive history of documented lives saved by its emergency 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 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 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.