Simula Nominates Peter W. Schutz to Board of Directors

    PHOENIX--June 1, 2001--Simula, Inc. (AMEX: SMU) announced today that Peter W. Schutz has been nominated for election to the Company's Board of Directors at its Annual Shareholders Meeting to be held June 7, 2001. Schutz of Naples, Florida, is a nationally recognized writer and speaker on business practices and organizational behavior.
    From 1981 to 1987, Schutz was CEO of Porsche AG Worldwide and served in that capacity during a restructuring period in which Porsche returned to profitability.
    Schutz's previous experience includes various engineering positions with Caterpillar and as director of engineering and vice president for sales and services for Cummins Engine Company.
    Schutz currently is a consultant and speaker on topics including sales, strategic planning and team building. Among his more recognizable work is his training related to "getting extraordinary things from ordinary people." His forthcoming book, "Beyond Success," will be published by year-end.
    "We are pleased to have Peter stand for election. Peter joins our board as we continue our commitment to building an independent group of individuals with solid business backgrounds," said Simula President and CEO Brad Forst.
    Schutz said, "I look forward to playing a role in maximizing Simula's business opportunities."
    Simula 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 can be found at www.simula.com.