Ballistic Recovery Systems
Ballistic Recovery Systems, Inc., doing business as BRS Aerospace (and commonly referred to as simply BRS), is a manufacturer of aircraft ballistic parachutes. The company was formed in 1980 by Boris Popov of Saint Paul, Minnesota, after he survived a 400-foot (120 m) fall in a partially collapsed hang glider in 1975.
Source: Wikipedia — Ballistic Recovery Systems (CC BY-SA 4.0)