Innovative Solutions & Support, Inc. Announces Agreement with the Cessna Aircraft Company to Retrofit Legacy Citation Aircraft.Flat Panel Display A thin display screen for computer and TV usage. The first flat panels appeared on laptop computers in the mid-1980s, and the LCD technology became the standard. Stand-alone LCD screens became available for desktop computers in the mid-1990s and exceeded sales of CRTs for the first time System Retrofits on Legacy Citation Aircraft EXTON, Pa. -- Innovative Solutions & Support, Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :ISSC ISSC International Ship Security Certificate ISSC Interstate Shellfish Sanitation Conference ISSC International Social Sciences Council ISSC Integrated Systems Solutions Corporation ISSC Information Systems Steering Committee ISSC Information Systems Sub-Committee ) announced today the Company has entered into an agreement with Cessna Aircraft Company, a Textron Inc. (NYSE NYSE See: New York Stock Exchange :TXT TXT Text TXT Text File (filename extension) TXT Textile TXT Teletext TXT Tecnologia per a Tothom TXT Textron Corporation (stock symbol) ) company, to provide Flat Panel Display Systems on legacy Cessna Citation The Cessna Citation is a marketing name used by Cessna for its lines of business jets. Rather than one particular model of aircraft, the name applies to several "families" of turbofan-powered aircraft which have been produced over the years. aircraft. Flat Panel Display Systems will replace existing round dials and displays and will be distributed and installed through thirty-four Service Centers world wide. Innovative Solutions and Support's President Roman Ptakowski today said, "The Company's Flat Panel Display System product line or cockpit/IP is the most timely and cost effective way to upgrade legacy Citation aircraft with the state-of-the-art technology offered in our systems. This agreement further solidifies the success of the company's strategy for targeting select market segments." About Cessna Aircraft Company Based on unit sales unit sales Sales measured in terms of physical units rather than dollars. Unit sales data are often used by financial analysts when evaluating the health of a company. , Cessna Aircraft Company is the world's largest manufacturer of general aviation airplanes. In 2005, Cessna delivered 1,157 aircraft and reported revenues of about $3.5 billion. Since the company was originally established in 1927, more than 187,000 Cessna airplanes have been delivered to nearly every country in the world. The global fleet of more than 4,500 Citations is the largest fleet of business jets in the world. More information about Cessna Aircraft Company is available at www.cessna.com. Cessna is a Textron Inc. company. About Innovative Solutions & Support, Inc. Headquartered in Exton, PA., Innovative Solutions & Support, Inc. (www.innovative-ss.com) designs, manufactures and markets flat-panel display systems, flight information computers and advanced monitoring systems that measure and display critical flight information. This includes data relative to aircraft separation, airspeed airspeed Noun the speed of an aircraft relative to the air in which it moves Noun 1. airspeed - the speed of an aircraft relative to the air in which it is flying speed, velocity - distance travelled per unit time 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 The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and 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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