Dépêches

Innovative Solutions & Support Enters into Agreement with Rheinland Air Service to Distribute PC-12 FPDS in Europe

Dépèche transmise le 14 avril 2009 par Business Wire

EXTON, Pa.--(BUSINESS WIRE)--Innovative Solutions & Support, Inc. (NASDAQ:ISSC) today announced that the Company has entered into an agreement with Rheinland Air Service (RAS) based in Germany, to act as a distributor and installer of Innovative Solutions & Support’s (IS&S) Cockpit/IP™ Flat Panel Display System (FPDS) for PC-12 aircraft in Europe.

“Currently, we have IS&S’ Cockpit/IP installed on our Demonstrator PC-12 aircraft, and are incredibly pleased with its performance,” says Johannes Graf von Schaesberg, Chairman and CEO of Rheinland Air Service. “We welcome the opportunity to bring such a versatile FPDS to our customers throughout Europe.”

Under this agreement with RAS, IS&S’ FPDS for PC-12 aircraft will be available to customers in Albania, Austria, Belarus, Belgium, Croatia, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Iceland, Italy, Ireland, Latvia, Lithuania, Luxembourg, Moldavia, Monaco, Netherlands, Norway, Poland, Portugal, Romania, Russia, Serbia, Slovakia, Spain, Sweden, Switzerland, Ukraine and the United Kingdom.

IS&S’ retrofitted PC-12 aircraft also will be available to customers in Turkey. RAS is based in Mönchengladbach, Germany, situated close to Dusseldorf, and has served as a dealer, distributor, and consultant for avionics installations and modifications for more than 30 years. RAS operates a Comprehensive Service Center out of Mönchengladbach Airport.

“Rheinland Air Service is known for its high standard of quality and cost effective flexibility in consulting,” says Roman Ptakowski, President of IS&S. “We are excited to extend our PC-12 offerings in Europe, and look forward to providing an entirely new customer base with our innovative single-sided and dual sided cockpit options, wide area augmentation system (WAAS) capability, and group reduced vertical separation minimum (RVSM).”

Last July, IS&S announced new upgrades for retrofitted PC-12 aircraft. As part of that initiative, the Company offers customers the option of a single-sided and dual sided Cockpit/IP ™ retrofit as well as WAAS performance to allow PC-12 operators to fly precision approaches at smaller airports and group RVSM certification to allow pilots access to more fuel efficient airspace.

About Innovative Solutions & Support, Inc.

Headquartered in Exton, Pa., Innovative Solutions & Support, Inc. (www.innovative-ss.com) designs, manufactures and markets flight information computers, electronic displays and advanced monitoring systems that measure and display critical flight information. This includes data relative to aircraft separation (RVSM), 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 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.