Ballistic Recovery Systems (CE) (USOTC:BRSI)
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Ballistic Recovery Systems, Inc. (Pink Sheets:BRSI), the world’s
leading manufacturer of whole-aircraft emergency parachute systems,
announced that it was notified of an aircraft accident this past Sunday,
October 12th, in northern Spain, where its parachute recovery system
saved the life of the pilot and two passengers. The pilot of a Cirrus
SR22 aircraft, making an approach to the San Sebastian airport in
northern Spain between Bilbao and the French border, encountered severe
turbulence on final approach resulting in a sudden and unexpected loss
of control. Upon his plane becoming inverted and realizing both the
proximity of terrain and inability to regain control in time, the pilot
elected to deploy his BRS parachute. Functioning as designed, the
parachute safely recovered the plane and occupants as they touched
ground seconds later. All occupants walked away without a scratch. The
plane sustained damage to its left wing, cockpit and left door.
“As always, when we hear of such unfortunate
occurrences, we are most proud of our part in saving these aviators and
their passengers”, said BRS CEO and President,
Larry Williams. “Our team realizes every day
the enormity of their responsibilities whether sewing, inspecting,
assembling, or packaging our life-saving products and that their efforts
are oftentimes the only difference between life and death for a pilot
and passengers in these circumstances. It’s a
humbling thought which we take great pride in experiencing whenever we
are notified of another save” he added. This
incident marks the 215th, 216th,
and 217th documented lives saved by a BRS 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 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 217 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.