"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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