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 -- June 27, 2002 – 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’ GuardianTM Anti-Ballistic Panel Cockpit Security Door (“GuardianTM Door”) is currently in its final stages of FAA testing and approval. As a result, Caring Products’ GuardianTM 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 GuardianTM 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 Guardianä 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 Guardianä 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 [email protected] or
toll free 866-386-8380
Carson City, Nevada -- June 27, 2002 – 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’ GuardianTM Anti-Ballistic Panel Cockpit Security Door (“GuardianTM Door”) is currently in its final stages of FAA testing and approval. As a result, Caring Products’ GuardianTM 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 GuardianTM 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 Guardianä 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 Guardianä 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 [email protected] or
toll free 866-386-8380
