BRS Announces 11th LSA Installation Complete
February 29 2008 - 4:00PM
Business Wire
Ballistic Recovery Systems, Inc. (Pink Sheets: BRSI), a
manufacturer of whole-aircraft emergency parachute systems,
announced today that it had completed its 11th ASTM F2316
conforming parachute installation with the Apollo Fox LSA. This
comes on the heels of its milestone 10th installation, completed in
record time, for the Flight Design CTLS. �What a great
accomplishment of collaboration for all involved,� said BRS CEO and
President, Larry Williams, �This is the kind of progress needed for
the burgeoning LSA market and it comes at a good time in our
company�s history when we have sufficient in-house manufacturing
infrastructure and capacity now in place to take advantage of
projected increased sales for these types of aircraft.� BRS now has
the following LSA installations complete (and is working on
finishing many additional models over the coming few months): CZAW
SportCruiser Flight Design CTSW Apollo Delta Jet (Trike) Aeroprakt
A-22 FPNA FK-9 AMD-601 P&M Aviation Quik Trike P&M Aviation
Quik GT450 Trike Eurofox Flight Design CTLS Apollo Fox 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 28,000 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 211 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.
Ballistic Recovery Systems (CE) (USOTC:BRSI)
Historical Stock Chart
From Jun 2024 to Jul 2024
Ballistic Recovery Systems (CE) (USOTC:BRSI)
Historical Stock Chart
From Jul 2023 to Jul 2024