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Innovative Solutions & Support, Inc. (NASDAQ:ISSC) announced today
that American Airlines has awarded the Company a contract to supply
IS&S Cockpit/IP(TM) Flat Panel Display Systems for its fleet of nearly
200 Boeing 757/767 aircraft. Deliveries will begin in the fourth
quarter of this calendar year.
For American Airlines, IS&S will replace 22 individual cockpit
instruments with four, full color flat panel displays. The Company's
Flat Panel Display System significantly improves display reliability
while offering a versatile platform that can be easily modified to
improve overall functionality, or to meet future regulatory
requirements.
"We are pleased that this prestigious international operator has
chosen our Flat Panel Display System to retrofit their fleet," says
Roman Ptakowski, President of Innovative Solutions & Support, Inc.
"The Cockpit/IP(TM) offers scalable growth to satisfy airlines'
demands today, as well as the requirements of future technologies and
mandates. In addition, the upgrade of our customers' Boeing 757/767
aircraft can be accomplished with the Cockpit/IP(TM) in less than four
days, allowing it to process without the operator having to wait
through heavy maintenance checks and extended aircraft downtime."
Since October 1, 2006, the beginning of the Company's current
fiscal year, Innovative Solutions & Support, Inc. has received $75
million in new Flat Panel Display System orders on a variety of
aircraft including Citation business jets, Pilatus PC-12's, Eclipse
Aviation's Eclipse 500 very light jet, B-757/767s and others.
About Innovative Solutions & Support
Headquartered in Exton, PA., Innovative Solutions & Support, Inc.
(www.innovative-ss.com) designs, manufactures and markets flight
information computers, flat-panel display systems and advanced
monitoring systems that measure and display critical flight
information. This includes data relative to aircraft separation,
airspeed and altitude as well as engine and fuel data measurements.
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, for
either better or worse, 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.
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