Jury Awards Verdict Against Ballistic Recovery Systems

In a lawsuit filed by Charles F. Parsons and Aerospace Marketing, Inc., a Florida jury found that Ballistic Recovery Systems, Inc., committed a breach of a contract related to the GARD-150 product and failed to perform its obligations under a contract related to the GARD-172 and awarded the plaintiffs approximately $3.4 million in damages.

"This is very disappointing for us as we felt and still feel certain that we acted reasonably and within our rights under the contract," said Larry E. Williams, CEO and president/COO of BRS, Inc.

"This litigation is not over and we plan to pursue another stage in our defense whether it be through appeal, a new trial, or motions to the court to remit the damages. The first course of action for BRS is to ask the Judge to overturn the verdict."

BRS is a South St. Paul, Minn., based company that designs, manufactures and distributes whole-plane emergency parachute systems for use on general aviation and recreational aircraft.

Since the early 1980's, BRS has delivered nearly 20,000 parachute systems to aircraft owners around the world -- including a Cirrus SR22 that used one of their systems to save the life of its pilot last Thursday.

FMI: www.BRSparachutes.com