Ballistic Recovery Systems Is Recognized as One of the Fastest Growing Technology Companies in Minnesota
October 21 2004 - 6:34PM
PR Newswire (US)
Ballistic Recovery Systems Is Recognized as One of the Fastest
Growing Technology Companies in Minnesota ST. PAUL, Minn., Oct. 21
/PRNewswire-FirstCall/ -- Ballistic Recovery Systems, Inc.
(OTC:BRSI) (BULLETIN BOARD: BRSI) ( http://www.brsparachutes.com/ )
announced they have been named to Deloitte's prestigious Technology
Fast 50 program for Minnesota, a ranking of the fifty fastest
growing technology companies in the market by Deloitte & Touche
LLP, one of the nation's leading professional services firms. Fast
50 rankings are based on the percentage of growth in fiscal
revenues over five years, from 1999-2003. Citing robust economic
results of 264 percent in growth revenues earned BRS a ranking of
Minnesota's 21st fastest growing technology company. That's up
significantly from last year's ranking of 32nd place. "We are
thrilled to be recognized by Deloitte and for our strong economic
performance," said BRS Chairman of the Board Robert L. Nelson. "The
Deloitte Minnesota Technology Fast 50 have shown the strength and
vision to succeed despite a very challenging technology
environment," said Ron Hafner, Partner of Deloitte's Minneapolis
office. "We applaud the success of BRS and acknowledge their place
as one of the few to accomplish such a fast growth rate over the
past five years." BRS (Ballistic Recovery Systems) is a South St.
Paul, Minnesota based company that designs, manufactures and
distributes whole aircraft emergency parachute systems for use on
general aviation and recreational aircraft. Since the early 1980's,
BRS has delivered over 19,000 parachute systems to aircraft owners
around the world including over 1500 systems on the certified
aircraft like the Cirrus Design aircraft manufactured in Duluth,
Minnesota. Actual documented uses of these systems are credited
with saving the lives of 176 people. DATASOURCE: Ballistic Recovery
Systems, Inc. CONTACT: Robert L. Nelson, BRS, Inc.,
+1-651-457-7491, or fax, +1-651-457-8651, ; Robb Leer, BRS Media
Liaison, +1-612-701-0608 or +1-952-942-8133, Web site:
http://www.brsparachutes.com/
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