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BRSI Ballistic Recovery Systems Inc (CE)

0.000001
0.00 (0.00%)
30 Jul 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
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
  0.00 0.00% 0.000001 0.00 01:00:00

BRS Parachute Now on the New Lancair Evolution!

25/07/2007 10:09pm

Business Wire


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.

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1 Year Ballistic Recovery Systems (CE) Chart

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1 Month Ballistic Recovery Systems (CE) Chart

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