Simula Reports Orders and Options for the First Quarter of 1999
15 April 1999
Simula Reports Orders and Options for the First Quarter of 1999
PHOENIX--April 15, 1999--Simula Inc. Thursday announced that for the first quarter ended March 31, 1999, it received approximately $47 million in new firm orders and options for products in all of its markets.During the quarter, new firm orders and options received for a wide variety of government and defense products totaled approximately $16 million; orders received for automotive safety products, including ongoing production of Simula's ITS(R) automotive side impact head protection system, totaled approximately $7 million; and approximately $23 million in new orders and options were received for airliner seat products, including new seats and refurbishment services.
Simula, based in Phoenix, is an acknowledged world leader in transportation safety and energy absorption technology. Its principal product lines are protective systems including inflatable restraints, airbags, ballistic armor, high technology energy absorbing aircraft seating systems and rail and mass transit seating systems. Additional information about the company is located on the Internet at http://www.simula.com.
The estimates of contract and purchase option values and production periods constitute forward-looking information. Although such estimates are based on reliable information and past experience, operating results are affected by a wide variety of factors, many of which are beyond the control of the company. The factors include the levels of orders which are received and can be shipped in a quarter; whether and when order options are exercised; customer order patterns and seasonality; contract mix and shifting production and delivery schedules; manufacturing capacity and yield; costs of labor, raw materials, supplies and equipment; technological changes; competition and competitive pressures on pricing; economic conditions in the United States and worldwide as well as other risks that are detailed from time to time in the company's registration statements and periodic filings with the U.S. Securities and Exchange Commission.