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Technology Stocks : MNYG - Mooney Aerospace Group, Ltd.

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To: jmhollen who started this subject3/15/2004 10:58:12 AM
From: jmhollen   of 94
 
Mooney Airplane Company Announces Safety Enhancement With Inflatable Seatbelt/Airbag For Ovation2 DX/GX and Bravo DX/GX

KERRVILLE, Texas, Mar 15, 2004 (BUSINESS WIRE) -- Mooney Airplane Company, wholly owned subsidiary of Mooney Aerospace Group Ltd., (OTCBB:MASG) has announced that it will offer the Amsafe Aviation Inflatable Restraint Seatbelts on the new Ovation2 DX/GX and Bravo DX/GX models beginning in the third quarter of 2004. The Certification Program is now underway and is expected to be complete by mid-summer.


Commenting on the announcement, President J. Nelson Happy said, "Our strategy regarding safety is to equip the Mooney aircraft product line with the best devices to insure maximum safety of the crew and passengers in case of any unintentional landing off a runway or an airport. The Amsafe inflatable seatbelt is the ultimate and best solution around. It will basically work like the airbag in a car, reducing the intensity in case of sudden acceleration and providing maximum protection of the occupants."

Nicolas Chabbert, Mooney's Executive Vice President, stated: "We are extremely excited about our ability to offer the Amsafe inflatable seatbelt. Mooney is the safest airframe with an incredible safety record. We want to reduce as much as possible the risk of injury in the cockpit. This device will be proposed for $6,000 and will equip the 4 seats of the aircraft."

Chabbert continued, "We strongly feel that by offering the inflatable seatbelt, we have not only listened to our current Mooney owners but have addressed the issue of increasing safety with no need for other uncontrollable devices such as a parachute system."

Mooney Aerospace Group Ltd is a general aviation holding company that owns Mooney Airplane Company, located in Kerrville, Texas. Money currently sells three models; the highest performing four-place single engine piston powered aircraft, the Bravo DX, and its stablemates, the highly rated Ovation2 DX, and the economical Ovation. Mooney recently celebrated its 50th Anniversary in Kerrville, Texas where it has manufactured more than 10,000 aircraft that have been delivered worldwide. Complete information about Mooney aircraft is available at www.Mooney.com.

SOURCE: Mooney Airplane Company

Mooney Airplane Company, Kerrville
Nicolas Chabbert, 830-896-6000
nchabbert@mooney.com
or
Terry Freeman, 830-792-2935
tfreeman@mooney.com
or
PMR and Associates LLC
Patrick M. Rost, 858-350-0409
pmrandco@aol.com
.
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