Simula Inc. Announces Personnel Changes and Promotions

    TEMPE, Ariz.--June 18, 2002--Simula, Inc. (AMEX: SMU) today announced certain personnel changes and promotions.
    Gregory J. Scaven has been named President of Simula Automotive Safety Devices, Inc. Scaven, 39, has been with Simula since October 1998. He joined the automotive segment as the Executive Director of Engineering, and since March 2001 has served as the Executive Director of Business Management. Prior to Simula, Scaven held management and engineering positions at Talley Defense Systems for the development and production of advanced automotive gas generators and weapon systems products. His background also includes several leadership and engineering roles within the U.S. Army.
    Scaven replaces Gershon Yaniv who has accepted a new assignment with the Company to develop commercial opportunities in the area of Land Vehicle Safety including automobile armor systems. Yaniv has been with the Company since 1988. His positions with the Company have included Director of R&D, Vice President of Product Development, Engineering and Business Development and since 1999, President of Automotive Safety Devices, Inc.
    John A. Jenson, currently Simula Controller, has been named to the new position as Director of Business Operations. Jenson will succeed to certain duties of J. Michael Miller, Executive Vice President and Chief Operating Officer (COO) who has left the Company to pursue personal interests. Under the new alignment, Division Presidents will report to President and CEO, Brad Forst. Jenson will work with CEO Forst in his operations role. The Company does not intend to replace the COO position at this time. Jenson 39, joined Simula in 1996 as Director of Finance and Administration in the automotive segment. In May, 2001 he was promoted to Corporate Controller of the Company.
    On a separate matter, the Company reported that it has completed significant reorganizations of its Corporate and Shared Services functions. The initiatives centralize certain functions to provide cross-division services in order to improve efficiencies, eliminate redundancies, and reduce costs. Reductions in personnel at the Corporate office and Company-wide in the Human Resources and Information Systems organizations have resulted in annualized savings of approximately $500,000.
    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.