Simula Inc. Names John A. Jenson Corporate Controller

    PHOENIX--May 10, 2001--Simula, Inc. (AMEX: SMU) announced today that John A. Jenson will assume the newly defined position of Corporate Controller effective immediately. From January 1999 to the present, Jenson has acted as Director of Finance and Administration for Simula Automotive Safety Devices, Inc., the Company's automotive safety systems subsidiary. Jenson joined Simula Automotive Safety Devices, Inc. in October 1996 as Finance Manager and has been an integral part of the management team that made the automotive group among the most successful and profitable of Simula's business units.
    Prior to joining Simula, Jenson served in finance roles in the retail and insurance industries. Jenson is a CPA and received his Bachelors of Science in Accountancy from Northern Arizona University. From December 1985 to October 1991 he was employed with the national accounting firm of Deloitte and Touche, LLP.
    "John will play an important role in this newly defined position to ensure budgetary controls and discipline, rationalization of our various business units' accounting and ERP systems, and review of potential consolidation of service groups across the Company," said Simula President and CEO, Brad Forst.
    "John's promotion also represents one of the initiatives of the Company's new management that encourages lateral and upward movements of employees among Simula's various business units. Until recently, this has never been done at Simula," said Forst. "We believe the Company will benefit from the transfer of talent between and among our business units to build on lessons learned, and create a career development track in our Company."
    Simula designs and makes systems and devices that save human lives. Its core markets are aerospace and defense systems, and automotive safety systems. Simula's core technologies include inflatable restraints, energy absorbing seating systems, advanced polymer materials, transparent and opaque armor products, personnel protective equipment and parachutes, and crash sensors. More information is available at www.simula.com.