Ballistic Recovery Systems (CE) (USOTC:BRSI)
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Ballistic Recovery Systems, Inc. (OTCBB:BRSI)(BRSparachutes.com),
a manufacturer and worldwide supplier of whole-airplane parachute
recovery systems for general and recreational aircraft along with
Diamond Aircraft manufacturer of full line of general aviation aircraft,
announced today that they are working together on the development of a
parachute system for the 5 seat DA50 Super Star. If successful, this
implementation would represent parachute integration into the largest
piston single engine certified aircraft. The system is expected to be
available in the 2008 timeframe.
“This arrangement, upon completion, will
represent another step that will make our vision of parachutes on more
airplanes a reality. Our development work in other general aviation
programs and our recent R&D efforts helped us to accommodate demands
from this next generation piston aircraft”
said Larry E. Williams BRS President”.
“The DA50 Super Star will be certified to fly
without the parachute. A successful program will result in a parachute
that will be offered as an option and we are pleased to select BRS as
our development partner in the DA50 program,”
said Christian Dries, CEO of Diamond Aircraft.
In Ballistic Recovery System’s 27-year
history, the company has sold over 25,000 onboard emergency parachute
systems to aircraft owners around the world, including over 3,300
systems on certified aircraft. BRS units to date have been documented in
saving 201 lives. Diamond has previously announced a similar arrangement
for development of a system for the D-JET.
For more information on BRS contact: Larry E. Williams; BRS, Inc:
Fleming Field, 300 Airport Road; South St. Paul, MN 5075; USA (LarryWilliams@BRSparachutes.com)
TEL 651.457.7491 ; FAX 651.457.8651
The forward looking matters discussed here should be considered subject
to risks and uncertainties, including the growth of the Light Sport
Aircraft Markets, the success of our distributor in India, market
fluctuations, pricing, procurement, manufacturing efficiencies, the
results of litigation 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.