BRS Announces Saves #212 and 213!Zenair CH601XL after deploying BRS parachute
April 29 2008 - 3:00PM
Business Wire
Ballistic Recovery Systems, Inc. (PINK SHEETS: BRSI), a
manufacturer of whole-aircraft emergency parachute systems,
announced today that it was notified of an aircraft accident in
Hungary on Sunday, April 20th, 2008 where its patented parachute
recovery system saved the lives of the pilot and passenger. The
pilot of a Zenair CH601XL was conducting a familiarization flight
for his passenger when at 3,000 ft. altitude he unwittingly entered
an unrecoverable spin. Realizing their peril after several attempts
to exit the spin were unsuccessful, the pilot elected to deploy his
parachute which safely landed the aircraft and its occupants. Pilot
and passenger walked away completely unscathed while the aircraft
sustained structural, but repairable, damage to its landing gear
and undercarriage. �I am so proud of our BRS family of employees
and distributors whose concerted efforts once again have saved
human lives,� said BRS CEO, Larry Williams. �These types of
occasions are what make everything worthwhile to us!� he added.
This incident marks numbers 212 and 213 in BRS� extensive history
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 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 213 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.
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