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Lufthansa Technik Partners with Innovative Solutions & Support to Distribute and Install Flat Panel Display Systems World Wide

Tuesday, April 25, 2017 10:00 am EDT

Dateline:

EXTON, Pa.

Public Company Information:

NASDAQ:
ISSC
"We are excited to partner with Lufthansa Technik and look forward to providing our existing and new customer base with expanded locations for purchase and installation."

EXTON, Pa.--(BUSINESS WIRE)--Innovative Solutions & Support, Inc. (NASDAQ:ISSC) today announced that the Company has entered into an agreement with Lufthansa Technik based in Germany, to partner as a distributor and installation center for Innovative Solutions & Support’s (IS&S) Cockpit/IP® Flat Panel Display System (FPDS) for Classic Series Boeing 737 and 757/767 and its Integrated Standby Unit (ISU) at all of its locations throughout the world.

“This agreement strengthens the Lufthansa Technik portfolio by adding an avionics retrofit capability,” said Thomas Rückert, Vice President Base Maintenance Services, Lufthansa Technik AG in Hamburg, Germany. “Lufthansa Technik services the Boeing 737 Classics and the 757/767 for different customers and we feel the IS&S Flat Panel Display System adds value and extends the operating life of these aircraft.”

“The Lufthansa Technik AG is a premier MRO in the aviation industry,” says Shahram Askarpour, President of IS&S. “We are excited to partner with Lufthansa Technik and look forward to providing our existing and new customer base with expanded locations for purchase and installation.”

The IS&S flight deck upgrade replaces aging flight instruments on the Classic Series Boeing 737 and the 757/767 utilizing a common 10.4-inch LCD display architecture that IS&S developed and certified to increase operational performance, improve dispatch and on-time arrival, simplify maintenance, enhance situational awareness and improve safety for legacy aircraft. In service on over 320 Boeing 757/767 aircraft the IS&S retrofit decreases power consumption and weight resulting in fuel savings and reduced CO2 emissions and achieves 3 and 10 day MMEL approval all within minimum installation downtime.

The FPDS offers scalable growth to satisfy operators’ demands today, as well as a platform for NextGen and SESAR requirements. The FPDS is CPDLC, RNP, ADS-B In-Trail capable and offers the option of Class 3 E-Charts with own ship position.

About Lufthansa Technik

With some 35 subsidiaries and affiliates, the Lufthansa Technik Group is one of the leading providers of technical aircraft services in the world. Certified internationally as maintenance, production and design organization, the company has a workforce of more than 25,000 employees. Lufthansa Technik’s portfolio covers the entire range of services for commercial and VIP/special mission aircraft, engines, components and landing gear in the areas of digital fleet support, maintenance, repair, overhaul, modification, completion and conversion as well as the manufacture of innovative cabin products.

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.

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Contact:

Innovative Solutions & Support, Inc.
Jason Zywalewski, +1.610.646.9800 ext. 609
jzywalewski@innovative-ss.com
or
Lufthansa Technik AG
Wolfgang Reinert, +49.40.5070 ext.3212
wolfgang.reinert@lht.dlh.de