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

To: Dan Gibbs who wrote (1377)	9/4/1998 6:19:00 AM
From: michael c. dodge	Respond to of 1671

PHOENIX, and WESTFIELD, Ind., Sept. 3 /PRNewswire/ -- Simula, Inc. (NYSE: SMU) and Indiana Mills & Manufacturing, Inc. ("IMMI"), announced today that the two companies have entered into an agreement to jointly develop and market applications for Simula's inflatable tubular "IT" technology in the commercial vehicle and medium- to heavy-truck markets. IMMI is the primary occupant restraint supplier for several classes of trucks and commercial vehicles in North America. Executives of both companies agree that Simula's innovative safety restraints have significant applications for commercial vehicles and many classes of trucks. Recent crash safety data indicate the need for additional safety equipment in those vehicle classes, they noted. "We're very excited to begin this partnering relationship with Simula," stated Harold G. Wallen, IMMI's Chief Executive Officer. "Their technology and products are highly complementary with ours, and we recognize many joint business opportunities in the near future." Simula's Inflatable Tubular Structure ("ITS(TM)") was the first side- impact, head-protection system to appear in motor vehicles. Since its introduction in BMW automobiles last year, the system has been credited with saving numerous lives in documented traffic accidents. Under terms of the agreement, IMMI and Simula will work on joint programs to develop, market and sell applications of the Simula ITS and other products to truck and other commercial vehicle manufacturers. The companies also will work toward jointly developing technologies based on ITS. Indiana Mills & Manufacturing, based in Westfield, Indiana USA is the primary occupant restraint supplier for several classes of trucks and commercial vehicles in North America. IMMI also maintains facilities in the United Kingdom and Germany. Simula, based in Phoenix, Arizona USA is an acknowledged world leader in transportation safety and energy absorption technology. Its principal product lines are protective systems including inflatable restraint, airbags, and ballistic armor, high technology energy absorbing aircraft seating systems, and rail and mass transit seating systems. All material public information about the company which has been filed with the Securities and Exchange Commission, as well as additional information about the company can be accessed at the company's web site on the Internet at simula.com.