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INSIGHT TEMPE, AZ - USA AIM Aviation will use Cleargard(R) windows in its new cockpit door being sold to the airlines in the wake of the events of September 11th and subsequent FAA regulations requiring them to put a ballistic barrier between the cabin and pilots in the cockpit. The windows give aircrew a full field of view into the cabin while remaining secure in the cockpit. Second Chance will use Cleargard(R) viewports in their ballistic shields for law enforcement. The viewports will allow police and other personnel to hold riot shields and similar ballistic shields in front of their head and torso, while safely viewing the scene through the transparent armor viewport without any degradation of protection. Simula's impact resistant polymer technology is an outgrowth of its Government-funded work in the military arena for transparent aircraft armor. The technology has been shown to be applicable to a broad range of protective applications. Simula cites technology as one of its primary competitive advantages in the fast growing armor and ballistic protection markets. "This is very significant for Simula as it marks our first entry into the homeland security market and expands our capabilities into transparent armor applications," said Brad Forst, President and CEO. "We can add this capability to our existing armor products including body armor, land vehicle armor, and aircraft armor." "These exciting future opportunities in our core business are in their infancy. While we do not expect that the number of product units shipped to these customers will represent material contract revenues in fiscal 2002, we have existing capacity to fill these orders, while further demonstrating the merits of this patented technology in related applications." Test results show the benefits of a monolithic form of the patented polymer material are a 20-40% increase in ballistic performance over a commonly used alternative material such as polycarbonate at equal weight, and a 15-40% reduction in weight with comparable ballistic performance depending on the threat level. In addition, the material offers unmatched resistance to a wide range of chemicals, while exhibiting equal or better optical properties than polycarbonate. Simula previously announced a business relationship with Second Chance, the world's largest manufacturer of soft, wearable, concealable body armor. In February 2000, Simula licensed its SimuLITE(R) soft body armor design technology to Second Chance, which it currently markets under the tradename Ultima(R) to law enforcement professionals worldwide. The Company also previously announced in May 2000 the commercialization of its transparent polymer technology for two eyewear market segments. The first was a license to PPG Industries to produce optical resin for lightweight ophthalmic lenses under the tradename Trivex(R). The second was a license to Intercast Europe to use the material in sun and sports lenses marketed under the tradename NXT(TM). AIM Aviation is a thirty-year veteran in the aerospace industry. It has a unique combination of capabilities in the design, development, manufacture and installation of aircraft interior equipment and is recognized internationally as a leader in this field. AIM serves customers in both military and commercial aerospace. Additional information may be found at www.aimaviation.com. Second Chance is the world's largest manufacturer of soft, wearable, and concealable body armor. The company also manufactures a range of anti-ballistic and anti-puncture personal protection systems and riot shields for law enforcement, tactical, corrections, and special duty applications. Additional information may be found at www.secondchance.com. Simula designs and makes systems and devices that save human lives. Its core markets are military aviation safety, military personnel safety, and land vehicle safety. Simula's core technologies include inflatable restraints, energy-absorbing seating systems, advanced polymer materials, lightweight transparent and opaque armor products, personnel protective equipment and emergency bailout parachutes. For more information, go to www.simula.com. Safe Harbor statement under the Private Securities Litigation Reform Act of 1995: This news release contains forward-looking statements that involve risks and uncertainties that may cause the Company's actual experience to differ materially from that which is anticipated. These forward-looking statements include statements about expected revenues, markets, and competitive advantages. Risks to its business include those described herein and in the Company's registration statements and periodic reports filed with the U.S. Securities and Exchange Commission. The Company undertakes no obligation to update any forward-looking statements to reflect unanticipated events or events or circumstances occurring after the date on which such statements are made.
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Source: Business Wire
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