Fernando Caralt appointed to BRS Board of Directors
July 09 2007 - 5:43PM
Business Wire
Ballistic Recovery Systems, Inc. (OTCBB:BRSI)(BRSparachutes.com), a
manufacturer of whole-aircraft parachute recovery systems for
general aviation, recreational aircraft and the US Department of
Defense, today announced Mr. Fernando Caralt, President of CIMSA
Ingenieria de Sistemas, has been appointed as the seventh member of
the Company�s board of directors. �Caralt brings more than 10 years
of extensive operating management, product development and
parachute experience to the BRS board,� said Robert L. Nelson, BRS
Board Chairman. �His vast experience and European perspective will
clearly benefit BRS as we continue to build the Company for the
future.� Fernando Caralt joins current directors Robert L. Nelson,
Boris Popov, Thomas Adams, Darrel Brandt, Edward L. Underwood, and
Larry E. Williams. Over the past several years, Mr. Caralt has
served in technical and senior leadership capacities for a variety
of aerospace companies including the Boeing Corporation. As
president of CIMSA, he successfully built the company into a global
leader in the parachute industry. BRS and CIMSA recently entered
into a partnership agreement to jointly develop new and existing
parachute systems aimed at advancing the two companies� shared
technology in the global aerospace market. This new collaboration
between BRS and CIMSA will address the increasingly critical role
of textile-based wings and recovery systems, including Precision
Aerial Delivery (PAD) guided parachutes, Unmanned Aerial Vehicle
(UAV) applications as well as systems designed for use in
interplanetary exploration of Mars and Venus. �I am honored to have
been appointed to the BRS Board and look forward to working at this
new level to help both BRS and the industry,� said Caralt. Based in
South St. Paul, Minnesota, BRS has delivered more than 27,000
parachute systems to aircraft owners around the world including
over 3,500 systems on certified aircraft. To date, BRS parachute
recovery systems have been credited with saving the lives of 203
pilots and passengers. For more information, visit the company�s
website, www.BRSParachutes.com, or contact Mr. John Gilmore,
johngilmore@BRSParachutes.com or 651-294-3264. 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 forward looking statements include,
without limitation, statements relating to the benefits to be
derived by BRS from its partnership with CIMSA. 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 as to these risks and
uncertainties, please review the Company's public filings made 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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