Ballistic Recovery Systems, Inc. (BRSI.PK), a manufacturer of whole-aircraft emergency parachute systems, announced today that it was notified of an aircraft accident in Germany on Monday, August 25th, 2008 where its parachute recovery system saved the life of its pilot. The pilot of an FK14 Polaris light aircraft, losing aerodynamic control of his aircraft upon encountering severe weather near the city of Cologne, Germany and, realizing he was in a deteriorating situation, elected to deploy his installed BRS emergency parachute system. The pilot subsequently landed in a grove of trees and walked away with only a sight scratch to his face. “Once again, I am extremely proud of the BRS team whose concerted efforts made such a difference to this pilot and his family”, said BRS CEO, Larry Williams. “We are indeed privileged to work for a company that has designed, manufactured, and sold such a product which has saved so many lives through the years!” he added. This incident marks the 214th documented life saved by the patented BRS 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 wholly-owned subsidiary of BRS, designs and manufactures reflective and load-bearing safety vests, and is a leader in the safety apparel and “cut & sew” industry. 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 225 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. 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.