Simula, Inc. to Announce First Quarter Earnings

    PHOENIX--May 7, 2001--Simula, Inc. (AMEX: SMU) will host a teleconference to discuss the company's results of operations for the quarter ended March 31, 2001, and discuss plans and prospects for the Company.

--	Date: Tuesday, May 8, 2001
--	Conference Time: 6:00 a.m. (MST/PDT) / 9:00 a.m. (EDT)
--	Phone (Domestic): (212) 231-6006
--	Conference call may be accessed live on the Internet at www.redchip.com
--	If you are unable to participate live, the call will be archived for 30 days on www.redchip.com. For more information go to our website www.simula.com.

    Simula, Inc., headquartered in Phoenix, Arizona, is a diversified technology company that designs and manufactures occupant safety systems and devices engineered to safeguard human life in a wide range of air, ground, and sea transportation vehicles. The company operates in two principal markets that are aligned with its core technologies: aerospace and defense systems, and automotive safety systems. The company's core products and technologies include inflatable restraints, energy absorbing seating systems, advanced polymer materials, transparent and opaque armor products, personnel protective equipment and parachutes, and crash sensors. Additional information about Simula can be found at its website, www.simula.com.