|
G-8 Leaders Endorse Plan Accelerating Implementation of Standards for Stronger Cockpit Doors to be Installed on All Passenger Aircraft in G-8 Countries by April 2003
Caring Products International, Inc. - G-8 Leaders Endorse Plan Accelerating Implementation of Standards for Stronger Cockpit Doors to be Installed on All Passenger Aircraft in G-8 Countries by April 2003
Caring Products International, Inc. - G-8 Leaders Endorse Plan Accelerating Implementation of Standards for Stronger Cockpit Doors to be Installed on All Passenger Aircraft in G-8 Countries by April 2003
CARSON CITY, Nevada, Jun 27, 2002 (BUSINESS WIRE) -- Caring Products
International, Inc. (OTCBB: CPRD) and its wholly owned subsidiary USDR Global
Aerospace, Ltd. (collectively, "Caring Products") respond to recent media
coverage of G-8 Summit:
In addressing the sense of urgency to increase worldwide safety for air
travelers and cargo shipments, the Group of Eight nations adopted at their
summit in Kananaskis, Alberta yesterday an action plan to accelerate the
implementation of standards for stronger cockpit doors to be installed on all
passenger aircraft in G-8 countries by April, 2003 where possible.
According to U.S. Federal Aviation Administration (FAA) regulations, all 6,500
(approx.) U.S. - registered commercial transport-type aircraft must install FAA
approved reinforced doors by April 9, 2003. The G-8 action plan presents a
substantially increased opportunity for companies engaged in the design and/or
manufacture of cockpit doors designed to comply with FAA regulations or similar
regulations to be adopted by G-8 nations.
According to Caring Products CEO John Robinson: "Until now only the USA had a
policy in place to implement the doors in US Airspace and only for aircraft
entering U.S. Airspace. The G-8 action plan means that now all aircraft used in
G-8 nations, whether they enter U.S. Airspace or not, have to have
anti-ballistic doors. We just doubled our potential market."
Caring Products' Guardian(TM) Anti-Ballistic Panel Cockpit Security Door
("Guardian(TM) Door") is currently in its final stages of FAA testing and
approval. As a result, Caring Products' Guardian(TM) Door is positioned to be
one of the first cockpit security doors to receive FAA approval. Caring Products
recently received certification satisfying FAA Decompression
(Windshield-Bird-Strike) regulations, giving Caring Products a substantial lead
in obtaining STC certification from the FAA. STC certification is granted when
an applicant has received FAA approval to modify an aircraft from its original
design.
In light of the new FAA regulations, the primary difficulty with installing
reinforced cockpit security doors is that the structural enhancements now
required by the FAA cause the reinforced cockpit doors to weigh significantly
more than their predecessors. The heavier weight increases door opening time
and, more problematically, decompression pressures. In order to compensate for
the increased weight of the door, the Guardian(TM) Door utilizes a
patent-pending secure/passive vent feature that counterbalances the additional
weight and allows the heavier reinforced door to react to a decompression event
in a comparable manner to that of the lighter, non-reinforced doors originally
used on the aircraft. These features thereby allow the Guardian(TM) Door to
satisfy the FAA's decompression analysis, reducing or eliminating the need for
costly and time-consuming airframe structural enhancements associated with
currently manufactured cockpit security doors.
About USDR Global Aerospace, Ltd. and Caring Products International, Inc.
Caring Products International, Inc., through its wholly owned subsidiary, USDR
Global Aerospace, Ltd. (collectively, "Caring Products"), is an aerospace
research, development and engineering company with expertise in the emerging
field of nanotechnology. Caring Products owns certain intellectual property
rights and patents pending relating to a proprietary cockpit security door,
which is known as the Guardian(TM) Anti-Ballistic Panel Cockpit Security Door.
These statements are based on assumptions that the management of Caring Products
International, Inc. believes are reasonable based on currently available
information, and include statements regarding the intent, belief or current
expectations of Caring Products International, Inc. and its management.
Prospective investors are cautioned that any such forward-looking statements are
not guarantees of future performance, and are subject to a wide range of
business risks, external factors and uncertainties, including the inability to
secure the necessary STC certification from the FAA, the lack of acceptance of
the company's products by its customers and prospects, the inability to secure
necessary product sales and the inability to obtain necessary substantial
capital to manufacture and market its product and otherwise implement its
business plan. In each case, actual results may differ materially from such
forward-looking statements. Caring Products International, Inc. does not
undertake to publicly update or revise its forward-looking statements regarding
Caring Products Inc. or USDR Global Aerospace, Ltd., even if experience or
future changes make it clear that any projected results (expressed or modified)
will not be realized.
For additional information, please contact Dawn Van Zant at
dvanzant@investorideas.com or toll free 866-386-8380
|