BRSI Ballistic Recovery Systems Inc (CE)

Ballistic Recovery Systems, Inc. (Pink Sheets: BRSI), a manufacturer of whole-aircraft emergency parachute systems, announced today that it has entered into an agreement with Martin Aircraft Company (www.martinjetpack.com) to provide the BRS-patented emergency parachute recovery system for all production model Martin Jetpacks. Unveiled at EAA Oshkosh 2008 on July 29th, the Martin Jetpack will provide unprecedented personal flying freedom to the general public through, in the words of its creator, �the world�s first practical jetpack�. Production versions of the Jetpack will be equipped with a Ballistic Parachute System from Ballistic Recovery Systems, Inc. This system enables the Jetpack pilot to be saved during a catastrophic failure even when flying at a reasonably low altitude. Ballistic parachutes will open and function properly at relatively low altitudes, particularly if the aircraft has some forward speed. BRS will work with Martin Aircraft Company to put to use its considerable engineering know-how in whole-aircraft parachute recovery systems toward a reliable, yet unobtrusive, safety system for this unique platform. �The versatility and proven successful design of our over 29,000 fielded systems to date easily convinced Martin Aircraft that we were the ones they wanted when safety was required for this innovative aircraft�, said BRS CEO and President, Larry Williams. The Martin Jetpack, listed at $100,000 each, is expected to sell between 10-20 units/year once production begins in 2009.