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 Hungary on Sunday, April 20th, 2008 where its patented parachute recovery system saved the lives of the pilot and passenger. The pilot of a Zenair CH601XL was conducting a familiarization flight for his passenger when at 3,000 ft. altitude he unwittingly entered an unrecoverable spin. Realizing their peril after several attempts to exit the spin were unsuccessful, the pilot elected to deploy his parachute which safely landed the aircraft and its occupants. Pilot and passenger walked away completely unscathed while the aircraft sustained structural, but repairable, damage to its landing gear and undercarriage.
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 225pilots 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.
“I am so proud of our BRS family of employees and distributors whose concerted efforts once again have saved human lives”, said BRS CEO, Larry Williams. “These types of occasions are what make everything worthwhile to us!” he added. This incident marks numbers 212 and 213 in BRS’ extensive history of documented lives saved by its emergency parachute system.