BRS Opens New Corporate Headquarters (news article)
Dan Hoehn
Aug 29, 2008
SOUTH ST. PAUL, Minn., (BUSINESS WIRE) -- Ballistic Recovery Systems,
Inc. (Pink Sheets: BRSI), a manufacturer of whole-aircraft emergency
parachute systems, announced today that it has officially accepted the
keys to its new Corporate Headquarters building from the City of South
St. Paul. "The combined efforts of City staff, architect, construction
firm, and BRS employees have produced a truly unique structure that
will meet our needs for years to come", said BRS CEO, Larry Williams
as he joined South St. Paul Mayor Beth Baumann and other City, State
of Minnesota, and Minnesota Congressional delegation staffers in the
August 28th noontime Ribbon Cutting ceremony. "We had outgrown our
previous facility which served us well for over 28 years so definitely
needed to find a structure (or build one in this case) that could
accommodate the aggressive plans we have for new products and markets"
he added. The new BRS facility has 15,000 square feet of production
area in addition to 6,000 sq feet of office and engineering design
spaces. It is located just down the road from the previous facility
and still on the grounds of the Fleming Field (South St. Paul)
airport. BRS worked closely with all parties to design the type of
building and layout they needed and entered into a long-term leasing
agreement with the City of South St. Paul, who is the landlord and
owner of record, of the facility.
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, 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 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 214 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.