Simula, Inc. Conference Call Thursday, February 7, 9:30 a.m. MST / 11:30a.m. EST

    PHOENIX--Feb. 6, 2002--Simula Inc. (AMEX:SMU) will host a teleconference to discuss the company's preliminary results of operations for the quarter and year ended December 31, 2001, and discuss plans and outlook for the Company.

--	Date: Thursday, February 7, 2002
--	Conference Time: 9:30am (MST/Phoenix)/8:30am (PST) and 11:30am (EST)
--	Phone Number: 800/946-0709
--	Conference call may be accessed live on the Internet at www.shareholder.com/simula/medialist.cfm
--	If you are unable to participate live, the call will be archived for 30 days on www.shareholder.com and our website www.simula.com

    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 http://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 future revenue and earnings growth. Factors pertinent to the Company's ability to achieve sustainable revenue and earnings growth include its leveraged status, the level and cost of debt, and the reduction of fixed expenses. Actual results may differ materially from those projected. Additional risks include those described herein and in the Company's registration statements and periodic reports filed with the U.S. Securities and Exchange Commission.