ISSC

Innovative Solutions & Support, Inc. Appoints Shahram Askarpour as Chief Executive Officer

Retrieved on: 
Friday, January 14, 2022 - 9:30pm

Innovative Solutions & Support, Inc. (NASDAQ: ISSC) today announces that the Board of Directors has appointed Dr. Shahram Askarpour, the Companys President, to the role of Chief Executive Officer.

Key Points: 
  • Innovative Solutions & Support, Inc. (NASDAQ: ISSC) today announces that the Board of Directors has appointed Dr. Shahram Askarpour, the Companys President, to the role of Chief Executive Officer.
  • Dr. Askarpours appointment follows yesterdays announcement of the untimely passing of former IS&S Chairman and CEO Geoffrey S. M. Hedrick.
  • Since founding IS&S in 1988, Geoff built up a strong and reliable management team to solidify our company for the future.
  • 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 (OEMs) and retrofit applications.

Innovative Solutions & Support, Inc. Mourns Death of Chairman & CEO Geoff Hedrick

Retrieved on: 
Thursday, January 13, 2022 - 9:30pm

We will miss the creativity, keen intellect and leadership Geoff has shown over the past several decades.

Key Points: 
  • We will miss the creativity, keen intellect and leadership Geoff has shown over the past several decades.
  • In 1971, Mr. Hedrick founded Harowe Systems, Inc. as a joint venture with another company in aerospace hardware.
  • During the course of his career in avionics, Mr. Hedrick held nearly 100 patents in the electronics, optoelectric, electromagnetic, aerospace and contamination-control fields.
  • 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 (OEMs) and retrofit applications.

Rayonier Advanced Materials Announces ISCC Plus Certification at Fernandina Beach Facility

Retrieved on: 
Thursday, January 13, 2022 - 11:00am

Rayonier Advanced Materials, Inc. (NYSE: RYAM, the Company), a global leader in the production of high purity cellulose pulp, today announced that it has achieved International Sustainability and Carbon Certification Plus (ISCC+) recognition at its Fernandina Beach facility.

Key Points: 
  • Rayonier Advanced Materials, Inc. (NYSE: RYAM, the Company), a global leader in the production of high purity cellulose pulp, today announced that it has achieved International Sustainability and Carbon Certification Plus (ISCC+) recognition at its Fernandina Beach facility.
  • This certification only applies to the Fernandina Beach facility initially across various end uses, but may be expanded to other facilities as customer demand for sustainable inputs rise.
  • The ISCC Plus certification demonstrates RYAMs commitment to sustainable production and to provide its key customers with the highest quality biobased products, said Vito Consiglio, President and Chief Executive Officer at Rayonier Advanced Materials.
  • Rayonier Advanced Materials is a global leader of cellulose-based technologies, including high purity cellulose specialties, a natural polymer commonly found in filters, food, pharmaceuticals and other industrial applications.

Innovative Solutions & Support, Inc. Announces Fourth Quarter and Full Year Fiscal 2021 Financial Results

Retrieved on: 
Wednesday, December 8, 2021 - 9:30pm

Innovative Solutions & Support, Inc. (IS&S or the Company) (NASDAQ: ISSC) today announced its financial results for the fourth quarter and full fiscal year 2021 ended September 30, 2021.

Key Points: 
  • Innovative Solutions & Support, Inc. (IS&S or the Company) (NASDAQ: ISSC) today announced its financial results for the fourth quarter and full fiscal year 2021 ended September 30, 2021.
  • For the fourth quarter of fiscal 2021, the Company reported net sales of $6.9 million up over 9% as compared to $6.3 million in the fourth quarter a year ago.
  • The Company recorded tax expense in the fourth quarter of fiscal 2021 of $0.4 million, no tax expense was incurred in the fourth quarter of fiscal 2020.
  • New orders in the fourth quarter of fiscal 2021 were approximately $6.5 million and backlog as of September 30, 2021 was $9.1 million.

Innovative Solutions & Support Announces the Release Date of Fourth Quarter and Fiscal Year 2021 Earnings and Conference Call Information

Retrieved on: 
Wednesday, December 1, 2021 - 9:30pm

Innovative Solutions & Support, Inc. (NASDAQ: ISSC) announced today that the Company will release results for the fourth quarter 2021 (period ended September 30, 2021) on Wednesday, December 8, 2021 after the market closes.

Key Points: 
  • Innovative Solutions & Support, Inc. (NASDAQ: ISSC) announced today that the Company will release results for the fourth quarter 2021 (period ended September 30, 2021) on Wednesday, December 8, 2021 after the market closes.
  • The Company will host a conference call the next day, Thursday, December 9, 2021 at 10:00 AM Eastern time, to discuss these results.
  • Please use the following dial in number to register your name and company affiliation for the conference call: 1-877-270-2148.
  • 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 (OEMs) and retrofit applications.

IS&S ThrustSense® Autothrottle Deliveries for CJ Series Aircraft in Calendar Year 2022 and King Air Calendar Year 2021

Retrieved on: 
Monday, October 11, 2021 - 9:15pm

The ThrustSense Autothrottle now features a configuration adaptor that will allow an operator the option to purchase the system for their current flight deck.

Key Points: 
  • The ThrustSense Autothrottle now features a configuration adaptor that will allow an operator the option to purchase the system for their current flight deck.
  • The autothrottle system is engaged for takeoff and advances the Throttle Levers to the takeoff detent on jets.
  • The ThrustSense Autothrottle enables automatic control of engine power settings guarding the power levels within safe limits.
  • The IS&S ThrustSense Autothrottle is standard equipment on the King Air 260 and 360 and is available for retrofit on the King Air 200 and 300 as well as the Pilatus PC-12 Legacy and NG.

IS&S ThrustSense® Full Regime Autothrottle Continues to Add Global Certifications

Retrieved on: 
Tuesday, September 7, 2021 - 3:00pm

Expanding along with the number of countries currently certifying ThrustSense, are the actual numbers of different King Air configurations now compatible with the IS&S auto-throttle.

Key Points: 
  • Expanding along with the number of countries currently certifying ThrustSense, are the actual numbers of different King Air configurations now compatible with the IS&S auto-throttle.
  • Categories of newly customized ThrustSense King Airs include special mission, extended range, heavy-weight and Blackhawk aircraft.
  • The IS&S ThrustSense Autothrottle with LifeGuard Protection is a full regime system from take-off roll to landing phases of flight including go-around.
  • ThrustSense is the first and only certified autothrottle for King Air 200 and 300 aircraft and is standard equipment on King Air 260 and 360 production models.

Innovative Solutions & Support Announces New Time for Third Quarter 2021 Earnings Conference Call

Retrieved on: 
Thursday, August 12, 2021 - 12:22am

EXTON, Pa., Aug. 11, 2021 (GLOBE NEWSWIRE) -- Innovative Solutions & Support, Inc. (NASDAQ: ISSC) announced today a new time for the Companys quarterly conference call.

Key Points: 
  • EXTON, Pa., Aug. 11, 2021 (GLOBE NEWSWIRE) -- Innovative Solutions & Support, Inc. (NASDAQ: ISSC) announced today a new time for the Companys quarterly conference call.
  • The call is still on Thursday, August 12, 2021, but has been rescheduled to begin at 11:00 AM Eastern time.
  • Please use the following dial in number to register your name and company affiliation for the conference call: 1-877-270-2148.
  • 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 (OEMs) and retrofit applications.

Innovative Solutions & Support, Inc. Announces Third Quarter Fiscal 2021 Financial Results

Retrieved on: 
Wednesday, August 11, 2021 - 9:30pm

Innovative Solutions & Support, Inc. (IS&S or the Company) (NASDAQ: ISSC) today announced its financial results for the third quarter of fiscal 2021, ended June 30, 2021.

Key Points: 
  • Innovative Solutions & Support, Inc. (IS&S or the Company) (NASDAQ: ISSC) today announced its financial results for the third quarter of fiscal 2021, ended June 30, 2021.
  • For the third quarter of fiscal 2021, the Company reported net sales of $6.2 million up 3% from the third quarter a year ago.
  • New orders in the third quarter of fiscal 2021 were approximately $9.0 million and backlog as of June 30, 2021 increased 40% to $9.5 million, up from $6.7 million at March 31, 2021.
  • Net income in the first nine months of fiscal 2021 included $1.4 million of tax benefits, primarily those recognized in the third quarter as noted above.