Ballistic Parachute Systems Announces New Organizational Changes
July 06 2006 - 11:29AM
Business Wire
Ballistic Recovery Systems, Inc. (OTCBB:BRSI) (BRSparachutes.com),
a manufacturer and worldwide supplier of whole-airplane parachute
recovery systems for general aviation and recreational aircraft,
announced today two key additions to its senior management team.
"BRS is at a point where we are seeing greater acceptance of whole
airplane parachute technology," said Larry E. Williams, CEO and
President of BRS, "these moves are reflective of our significant
commitment to build our internal capabilities to respond to these
market opportunities." Gary Moore joins BRS in the newly created
position of Vice President of International Operations &
Government Sales. Moore, most recently with Lockheed Martin, brings
to BRS an extensive background of international and military
business development from a variety of key international markets.
Mr. Moore will focus on BRS's Mexican facility both in terms of
operations and sales. "With an outstanding background developing
new product strategies abroad, coupled with a strong proven sales
record, Gary will be an invaluable asset to BRS," said Williams.
Another addition to BRS's management team is the promotion of Frank
Hoffmann to the position of Vice President of Engineering.
Hoffmann, formerly based in Germany as the Director of Engineering
for BRS's European office, now joins the BRS headquarters in St.
Paul, Minnesota to assume his new position. "BRS is committed to
new technologies and we expect to use these in new and existing
products as airframe parachute applications expand into the
exciting new light jet market," said Hoffmann In Ballistic Recovery
System's 25-year history, the company has sold over 21,000 onboard
emergency parachute systems to aircraft owners around the world,
including over 2,700 systems on certified aircraft like the
best-selling Cirrus Design SR series. BRS systems have been
documented in saving 190 lives. For more information on BRS
contact: Larry E. Williams; BRS, Inc: Fleming Field, 300 Airport
Road; South St. Paul, MN 55075; 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.
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