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Share Name | Share Symbol | Market | Type |
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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 | |
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0.00 | 0.00% | 0.0002 | 0.00 | 00:00:00 |
The Sperry Award, instituted in 1955, is given in recognition of a distinguished engineering contribution which has advanced the art of transportation, whether by land, sea, or space. Previous award winners include: Donald Douglas for the development of the DC-3 Aircraft, Ferdinand Porsche for the Volkswagen automobile, the Boeing Company for the 707 passenger jet, and the Bosch Company for the development of anti-lock brakes.
"All of us who are associated with the creation, development, and ongoing efforts at BRS are certainly deeply honored to be the recipient of such a highly esteemed and historic award. To be included amongst luminaries of such exceptional engineering success is indeed humbling," stated Mr. Popov.
Mr. Popov will formally accept the 2009 Sperry Award at a gala to be held in early 2010 at a location and date to be announced at a later time.
About BRS Aerospace Based in South Saint Paul, Minnesota, BRS Aerospace consists of three divisions: BRS Aviation which designs, manufactures, and distributes whole-aircraft emergency parachute systems for general aviation and recreational aircraft; BRS Defense which designs and manufactures a variety of parachute systems for US Department of Defense and foreign military customers; and BRS Safety which designs and manufactures reflective and load-bearing safety vests, and other safety apparel. Since 1981, BRS Aerospace has delivered more than 30,000 parachute systems to aircraft owners worldwide, including over 4,500 systems on FAA-certificated aircraft such as the Cirrus Design SR20 and SR22 manufactured in Duluth, Minnesota and a variety of Cessna aircraft including the C-172/182 and new C-162 Skycatcher. To date, BRS Aerospace parachute recovery systems have been credited with saving the lives of 243 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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CONTACT: Gary Moore Email Contact Voice: 651-457-7491 FAX: 651-457-8651
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