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 was
notified of two separate aircraft accidents involving a total of three
pilots and passengers where their patented emergency parachute system
was used to bring all occupants safely back to the ground. Both
incidents occurred in 2007. In one, a Missouri-based pilot experienced
catastrophic engine failure of his Backyard Flyer Ultra Light and, while
inverted and spiraling down at 300 feet altitude, deployed the
parachute. The pilot experienced only minor scratches and walked away
from the aircraft. In the second incident occurring in Luxembourg, a
pilot and passenger lost control of their C-42 Comco Ikarus aircraft
when they encountered severe wing tip vortices from a Boeing 747
commercial aircraft. They were able to deploy their installed BRS
parachute and were recovered safely. These two incidents marked numbers
209, 210, and 211 in BRS’ long legacy of
documented lives saved by its emergency 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 joint venture of BRS and Head Lites Corp (HLC), 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 28,000 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 211 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.