Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Non-Tech : Simula (SMU) -- Ignore unavailable to you. Want to Upgrade?

To: Noblesse Oblige who wrote (1627)	6/24/1999 9:57:00 AM
From: Jaime H. Ayalde	Respond to of 1671

Company Press Release SOURCE: Simula, Inc. International Brain Injury Association's 'Safe Car Of The Millennium' Award Recognizes Simula's Head & Neck Protection System PHOENIX, June 24 /PRNewswire/ -- Not all auto airbag systems provide comparable protection, says the International Brain Injury Association (IBIA). That's why IBIA recognized the Simula, Inc. (NYSE: SMU - news) Inflatable Tubular Structure (ITS®) as a cutting-edge occupant-protection technology that provides incomparable head, neck and spine protection during side-impact and rollover accidents. The Association awarded BMW, the first automaker that has integrated the ITS head-protection system into its full range of sedan models, with the first-ever ''Safe Car of the Millennium'' Award. In proving the ''Safe Car'' Award, the IBIA pointed out that Simula's ITS technology helps reduce risks of serious head or spinal injuries in three accident scenarios: * It helps protect the head from intrusion from outside objects such as trees, poles, etc.; * It helps prevent the ejection of passengers, especially in rollover accidents; and * It helps keep the head, neck and spine aligned and reduces head rotation. ''We are gratified that the International Brain Injury Association appreciates the effectiveness of our ITS technology in preventing head injuries. Simula is committed to being the best safety technology company in the world,'' said Donald W. Townsend, President of Simula. Simula is known worldwide for its diversified technology and engineering capabilities in designing and manufacturing occupant safety systems and devices engineered to safeguard human life in a wide range of air, ground, and sea-transportation vehicles. The Company operates three principal lines of business that are aligned with its core technologies: government and defense, commercial transportation seating, and automotive safety systems. Simula ASD (Automotive Safety Devices) designs and manufactures advanced occupant restraint systems, including its proprietary technology, the Inflatable Tubular Structure (ITS®), for automobiles and trucks. The Company has also developed additional applications for its ITS-related technology, most notably the Inflatable Tubular Torso Restraint (ITTR). The ITTR is a patented seat belt device that incorporates an inflatable tube into the torso portion of the belt. The ITTR has generated significant interest in the automotive market both for its innovative design and its potential to offer greatly enhanced occupant protection. Additional information about Simula can be found at its web site, www.simula.com . The International Brain Injury Association (IBIA) is a nonprofit organization committed to serving individuals with brain injury and their families around the world. Although IBIA was founded as the international arm of the Brain Injury Association (BIA), headquartered in Alexandria, VA, IBIA now operates separately, in Charlottesville, VA. BIA is the nation's only nonprofit organization committed to creating a better future through brain injury prevention, research, education and advocacy. The Association supports and coordinates training of physicians, clinicians, educators and other professionals. BIA actively promotes and communicates new technologies and advancements related to brain injuries. SOURCE: Simula, Inc.

To: Noblesse Oblige who wrote (1627)	7/5/1999 2:13:00 AM
From: bigg e	Read Replies (1) \| Respond to of 1671

N.O....you're right on about the toxic convertibles. They've been shorting all along pressuring any upside potential. Got squeezed when the positive earnings release hit but used the opportunity to short into it. What's your take on the C/C buyout? I'm trying to read between the lines and can't figure how the numbers are working. The 10M, does that include assumption of debt or is that above and beyond, assuming the sale is finalized? Sounds like Townsend had no intention of a PR relating to the potential sale but was pressured into the PR due to the credibility issue. These guys need to wake up. The street does not like SMU management so thank goodness the IR firm apparently forced the issue on the C/C sale PR. Now just hope the sale can be finalized and they use at least some of the proceeds to clean up some of the convertible. Three issues here and we're on the way back up...1) clean up the toxics, 2) SAN turns positive and 3) ITS lands a domestic major SUV. Don't think it will happen overnight, but believe all are attainable.