BRSI Ballistic Recovery Systems Inc (CE)

Ballistic Recovery Systems, Inc. (BRSI or BRSI.OB)(BRSparachutes.com), a manufacturer and worldwide supplier of whole-airplane parachute recovery systems for general aviation and recreational aircraft, announced today an agreement to develop and install a BRS parachute system for Diamond Aircraft's new D-JET. This historical commitment to aviation safety signifies the first time a whole airframe recovery parachute system will be developed for installation in a civilian jet for use by the general flying public. "We have been discussing the possibility for many years, but this agreement with Diamond Aircraft represents the next step required to make our vision a reality. Our spending on the development program has recently accelerated to accommodate this next generation jet aircraft," said Boris Popov, founder of BRS and board member. "Diamond Aircraft gives us the first product platform in the important new very light jet category and will be a driver for the combined efforts of our development teams." "The D-JET will be fully certified to fly without the parachute, but the parachute will be offered as the standard option. This expands our tradition of active safety by adding an advanced, proven passive safety system to the aircraft. Pilots and passengers alike, desire the reliability of a proven safety technology from the market leader in whole aircraft parachute recovery systems. We are pleased to select BRS as our development partner for this program," said Peter Maurer, President of Diamond Aircraft Industries. BRS Vice President of Engineering Frank Hoffmann said, "We expect the initial system to operate at an airspeed and altitude that can allow a safe recovery of the aircraft and occupants, in situations such as the unlikely event of an IMC (Instrument Meteorological Conditions) engine failure or a low altitude emergency. Expansion of the flight envelope with a secondary system can be integrated later to allow high speed and high altitude scenario recoveries which are much less likely to occur, but are also more difficult to execute." Hoffmann said "the expanded jet high speed, high altitude parachute recovery system will require only a small increase in weight to house drogue parachute as well as the computer logic to control the deployment sequence." In Ballistic Recovery System's 25-year history, the company has sold over 22,000 onboard emergency parachute systems to aircraft owners around the world, including over 2,700 systems on certified aircraft. BRS units to date have been documented in saving 190 lives, with 14 of those in certified aircraft. 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.