American Airlines for 200 Flat Panel Display System Shipsets Flat Panel Display System to be Retrofitted in Major International Operator's Fleet of Boeing 757 & 767 Aircraft Paris Air Show 2007 EXTON, Pa.--(BUSINESS WIRE)--June 18, 2007 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. CONTACT: Gregory FCA Theresa Murray, 610-642-8253 ext. 164 Cell: 732-278-4473 email@example.com
Innovative Solutions & Support, Inc. Awarded Contract from
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