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


To: Noblesse Oblige who wrote (1578)4/10/1999 3:26:00 PM
From: Jaime H. Ayalde  Respond to of 1671
 
Good Tone = Good bid

it is in balance with a touch of firmness. It should show up soon with an increase in average daily volume. As I say price follows volume a important sign will be a print of 6.5. I think a print of 4.625 in the near future would indicate more fundamental problems. Let the price speak.

How a good weekend,

In the fullness of time..."""



To: Noblesse Oblige who wrote (1578)4/20/1999 8:07:00 AM
From: LAWREAL  Read Replies (1) | Respond to of 1671
 
Simula Shares Lifesaving Crash Results in Government Testimony; Regulators Consider Technologies for Side-Impact Accidents

WASHINGTON and PHOENIX, April 19 /PRNewswire/ Simula, Inc. (NYSE: SMU) said today that its side-impact head protection system, the Inflatable Tubular Structure ("ITS") is saving lives without exposing automobile occupants to unnecessary risk. Bruce Farr, Global Marketing Manager for Simula Automotive Safety Devices, testified today at a National Highway Traffic Safety Administration (NHTSA) hearing on side-impact airbag safety.

NHTSA is soliciting public comments about the efficacy of side-impact airbags and other systems. The purpose of the NHTSA hearing, held at the U.S. Department of Transportation in Washington, D.C., was to ensure "that these products enhance public safety, and at the same time do not pose undue risks," said NHTSA Administrator Dr. Ricardo Martinez.

Martinez commented in his opening remarks that "the news has been good so far -- we have seen evidence that side airbags are reducing injury, particularly head injury, and we have not seen unintended adverse side effects."

"I want to make it very clear that the ITS system is differentiating itself from others out there," Farr noted. "This system offers additional safety benefits not available in other side-impact devices," he added. He described the system's superior head protection, extended inflation time, and non-aggressive deployment as some of the primary features that distinguish the ITS from other side-impact systems. Farr also provided results of testing conducted to gauge the performance of the ITS system for children and adults who are out of position in vehicles. The test results showed minimal risk of injury in all cases. "Importantly, said Farr, "this system has been out there for two years now, saving lives."

Farr provided supporting evidence that Simula's ITS system, which was introduced on BMW vehicles in 1997, has already shown dramatic results in protecting drivers and passengers in side impact collisions. Farr cited two examples of recent real-world crashes in which the occupants' injuries were significantly mitigated by the deployment of the ITS system.

One crash, in Plano, Texas, involved a pickup truck that slammed into the passenger sided of an ITS-equipped vehicle where a 12 year-old female was seated. "In this case," Farr told the assembly, "not only did the ITS prevent injury, but it also demonstrated its effectiveness in protecting children, without placing them at unnecessary risk."

Farr also cited as evidence a February 1999 multiple vehicle crash that propelled a 3-series BMW with a 27-year-old female driver across a high-speed U.S. freeway in Phoenix, Arizona. Despite being broadsided by several full-size pickup trucks, the driver survived and is making a full recovery.

Simula's head-protection system is a standard feature on BMW 3-series, 5-series, and 7-series sedans, and is scheduled for production in five other models made by various automakers. Another Simula product, called the Inflatable Tubular Torso Restraint ("ITTR"), which is an inflatable seatbelt, is currently under development for both military and commercial applications.

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; automotive safety systems, government and defense, and commercial transportation seating.

Additional information about Simula can be found at its Web-side, www.simula.com .

SOURCE Simula-Automotive Safety Devices Inc.

CO: Simula-Automotive Safety Devices Inc.

ST: Arizona

IN: AUT HEA

SU: EXE

04/19/99 23:09 EDT prnewswire.com



To: Noblesse Oblige who wrote (1578)4/28/1999 11:17:00 PM
From: bigg e  Read Replies (1) | Respond to of 1671
 
N.O.....market cap for SMU now approaching the 45M mark, trading at less than .5 sales, just above 1.1 book and stock market valuations are hefty to say the least. Either SMU is a bonafide defensive play here or someone knows more than the company is letting on. The way I see it, here are a few big questions, 1) can SAN finally turn the corner? With many certifications now accounted for and hopefully an improving efficiency on the production line, we may see better results, 2) ITS seems to be firmly established in the BMW series. Can they expand the customer base in the ITS tech and when might this occur? 3) Will ITTR be the salvation for this company? ITTR could be a real catalyst here if a domestic major ever endorses the tech particularly in the popular SUV's, 4) I work for a major domestic Air Carrier and I'm digging for more info about the 16g seating. Will there be an FAA mandate requiring a retrofit for all aircraft to meet the 16g specs? Also, how much damage has been done between the AI division and the customers with the production and QC problems encountered in recent Q's?, 5) Can management be trusted with their cautiously optimistic views, particularly on SAN, for the upcoming Q's?. 6) Will we see a sale of Mass Transit/Rail division in this or the next Q and could there be some "hidden" expenses that may further hinder forward progress again? 7) What type of creative financing may lay in waiting for shareholders down the road? The cash position numbers look terrible and I suspect it's just a matter of time, unless they have dramatically improved on the earnings front, 8) I also like the implications of the CABS and feel the military may just be the beginning of this market. Besides the most recent CABS contract, what other military aircraft and/or equipment could benefit from this tech? I would think many more, but this is mere speculation. In a nutshell, it would seem that we have a dramatically undervalued company here based on the technology readily available and the sales/distribution channels established. Yet the shareholder equity continues to decrease and losses mount. Is the management in place capable of executing a turnaround and realizing the value of their assets in the eyes of the street or have they ruined all credibilty? It's a shame to see such potential go unrecognized, yet I feel there may be an underlying story here that we don't want to know about. I hope I'm way wrong.