Innovative Solutions & Support, Inc. 25th Anniversary News Release
Innovative Solutions & Support, Inc. (IS&S) (NASDAQ:ISSC) celebrates the
twenty-fifth anniversary of its founding in 1988.
Geoffrey Hedrick, founder, chairman and CEO of the Company, said, “IS&S
is proud to have served a broad array of aerospace customers with an
increasingly sophisticated and technically advanced products. We are in
the process of developing a new generation of products which will meet
the increasing demands of customers and regulators as the requirements
for fuel savings and environmentally friendly aircraft increase.”
He continued, “I am more optimistic than I have been in several years
about the prospects for the Company as improving market conditions
coincide with a number of new products designed for NextGen markets.”
Innovative Solutions & Support, Inc. has evolved from engineering and
manufacturing CTR stand alone air data instruments to a systems
integrator that produces large flat panel cockpit displays with
Management System (FMS), GPS, Synthetic Vision (SVS), and Required
Navigation Procedure (RNP) capabilities. Its customers include air
transport OEM’s and carriers, package carriers, biz jet manufacturers,
and United States and foreign armed forces and agencies.
Shahram Askarpour, President of IS&S stated, “This day marks a milestone
in the Company’s history, not only because of the twenty-five years of
success in the competitive and high technology aerospace business, but
also because the Company stands at the threshold of major opportunities
as a heavy investment in product development in difficult economic times
has positioned the Company for growth.”
About Innovative Solutions & Support, Inc.
Headquartered in Exton, Pa., Innovative Solutions & Support, Inc. (www.innovative-ss.com)
is a systems integrator that designs and manufactures flight guidance
and cockpit display systems for Original Equipment Manufacturers (OEM’s)
and retrofit applications. The company supplies integrated Flight
Management Systems (FMS) and advanced GPS receivers for precision low
carbon footprint navigation.
Certain matters contained herein that are not descriptions of
historical facts are “forward-looking” (as such term is defined in the
Private Securities Litigation Reform Act of 1995). Because such
statements include risks and uncertainties, actual results may differ
materially from those expressed or implied by such forward-looking
statements. Factors that could cause results to differ materially from
those expressed or implied by such forward-looking statements include,
but are not limited to, those discussed in filings made by the Company
with the Securities and Exchange Commission. Many of the factors that
will determine the Company’s future results are beyond the ability of
management to control or predict. Readers should not place undue
reliance on forward-looking statements, which reflects management’s
views only as of the date hereof. The Company undertakes no obligation
to revise or update any forward-looking statements, or to make any other
forward-looking statements, whether as a result of new information,
future events or otherwise.
