Good call!
More parachute-themed inventions from this same guy:
Skyhook reserve parachute deployment system
Means for releasably attaching strands
Retractable safety ripcord
More about the inventor Bill Booth: https://en.wikipedia.org/wiki/Bill_Booth
Interestingly, Booth coined a rule about how risk increases with implementation of safety gear, here written about in the Harvard Business Review:
This is a controversial theory known as Risk Homeostasis. If you've ever driven a vehicle faster when wearing a helmet, you've experienced this.

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