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 has
officially accepted the keys to its new Corporate Headquarters building
from the City of South St. Paul. “The
combined efforts of City staff, architect, construction firm, and BRS
employees have produced a truly unique structure that will meet our
needs for years to come”, said BRS CEO, Larry
Williams as he joined South St. Paul Mayor Beth Baumann and other City,
State of Minnesota, and Minnesota Congressional delegation staffers in
the August 28th noontime Ribbon Cutting
ceremony. “We had outgrown our previous
facility which served us well for over 28 years so definitely needed to
find a structure (or build one in this case) that could accommodate the
aggressive plans we have for new products and markets”
he added. The new BRS facility has 15,000 square feet of production area
in addition to 6,000 sq feet of office and engineering design spaces. It
is located just down the road from the previous facility and still on
the grounds of the Fleming Field (South St. Paul) airport. BRS worked
closely with all parties to design the type of building and layout they
needed and entered into a long-term leasing agreement with the City of
South St. Paul, who is the landlord and owner of record, of the facility.
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.