NBAA 2012 Annual Meeting and Convention — Innovative Solutions & Support, Inc. (NASDAQ:ISSC) and Eclipse Aerospace, Inc. announced today that a production order has been placed for an initial fifty ship sets of a three hundred ship set contract for the IS&S advanced avionics suite for the production model Eclipse 550. IS&S is the supplier of Primary Flight and Multi-Function Displays, and the Integrated Flight Management (IFMS) System for the Eclipse Jet. The advanced avionics suite will include Dual Flight Management systems, Auto Throttles, Synthetic Vision, integrated TAWS and Enhanced Vision (EVS). The Eclipse 550 is a technologically advanced, twin-engine jet aircraft with a design that utilizes the same airframe and power plant as the popular EA500 model, but includes significant innovations in most aircraft systems to improve overall operations, direct operating costs, comfort and performance. Innovative Solutions and Support’s President Shahram Askarpour stated, “We congratulate Eclipse Aerospace on the start of their 550 production line, and we are pleased to partner with Eclipse Aerospace for the supply of the cockpit avionics for the 550 and 500. The Avio IFMS avionics suite is one of the most advanced cockpits available on any aircraft. The eleven microprocessors in the IS&S displays control all major aircraft systems including Electronic Circuit Breakers, Radios, Transponders and Radars. FMS precision navigation, coupled auto-throttle, full VNAV, and Synthetic Vision give the Eclipse Twin-Engine Jet unrivaled performance. The aircraft specific synoptic pages provide for a graphical presentation and control of all major subsystems including calculations for Take-Off / Landing performance, and weight and balance.” “The new Eclipse 550 Avio IFMS panel drastically decreases a pilot’s workload during flight, giving Eclipse pilots more time to make critical decisions,” said Mason Holland, Eclipse CEO. “The seamless integration of the Eclipse 550 panels with our aircraft computer systems is unparalleled in the industry.”
A full simulator version of this new avionics package can be seen at the Eclipse Aerospace booth (#2954) at NBAA 2012.About Eclipse Aerospace, Inc. Eclipse Aerospace, Inc. is the manufacturer of the Eclipse 550 twin-engine jet, the most fuel-efficient jet in the world. Eclipse also provides engineering, maintenance, service, and support for the fleet of 260 Eclipse 500 Twin-Engine Jet aircraft. Adhering to the motto “Customer First,” Eclipse Aerospace is focused on providing a superior customer experience for existing and future owners, operators, and pilots of the revolutionary Eclipse Jet aircraft. Eclipse Aerospace corporate offices are based in Charleston, S.C. Principle operations are located in Albuquerque, N.M. and Chicago, Ill. Eclipse Aerospace is located on the web at www.ECLIPSE.aero. 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.