Ballistic Recovery Systems (CE) (USOTC:BRSI)
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Four new aircraft unveiled at the EAA’s
AirVenture Fly-in include whole-airframe parachute systems from
Ballistic Recovery Systems. Lancair debuted their new turbine-powered
Evolution with a BRS parachute in front of their world-wide media at a
press conference today in Oshkosh, Wisconsin.
“It’s great news for
us and great news for Lancair pilots,” said
BRS Chairman Robert L. Nelson, who attended the press event. “More
and more people understand the value of having a BRS chute on board.”
The new 4-seat, pressurized Lancair Evolution features a Pratt & Whitney
6A-135A engine, expected to deliver 385 mph in cruise on just 35 gallons
per hour of Jet A. In addition to the BRS parachute, other
state-of-the-art safety systems include AmSafe seatbelt airbags and
specially designed energy absorbing seats.
“The BRS Parachute system in the Lancair
Evolution is unique in that it will be installed forward of the firewall,”
BRS VP of Sales, John Gilmore, said. Flight tests with the new airframe
will use the larger capacity Next Generation chute now in development.
Lancair is only the latest in a growing number of manufacturers who are
taking advantage of the newest technology developed by Ballistic
Recovery Systems for faster, heavier aircraft.
Established in 1981, Ballistic Recovery Systems is now a publicly traded
company (OTCBB:BRSI)(BRSparachutes.com) and has delivered more than
27,000 parachute systems to aircraft owners around the world. To date,
BRS whole-airplane parachutes are credited with saving the lives of more
than 200 pilots and passengers.
For more information, visit the company’s
website, www.BRSParachutes.com,
or contact John Gilmore 651-457-7491, or JohnGilmore@BRSParachutes.com.
This press release contains forward looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995. These
forward looking statements include, without limitation, statements
relating to the benefits to be derived by BRS. 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 as to these
risks and uncertainties, please review the company’s
public filings made 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.