Investor's Business Daily Focuses The New America Index on Innovative Solutions & Support, Inc

Business Wire, May 17, 2004

Business Editors/High-Tech Writers

EXTON, Pa.--(BUSINESS WIRE)--May 17, 2004

Investor's Business Daily's, The New America Index, today focused on Innovative Solutions and Support, Inc's. (NASDAQ:ISSC) RVSM business. In addition, IBD increased their composite rating from 97 to 98 and raised the Company to #50 in their prestigious "The IBD 100" list.

According to Investor's Business Daily (IBD), "The IBD 100" is a ranking of leading companies trading in the United States. Rankings are based on a combination of each company's recent profit growth record. IBD's composite rating includes key measures such as return on equity, sales growth, profit margins and relative price performance in the last 12 months.

A spokesperson for the Company said today "the Company is delighted to be headlined in 'The New America' Index and to again be recognized by the prestigious 'The IBD 100' and is committed to continued success".

Headquartered in Exton, PA. Innovative Solutions & Support, Inc. (www.innovative-ss.com) designs, manufactures and markets flight information computers, electronic displays and advanced monitoring systems that measure and display critical flight information. This includes highly accurate air data computers that are critical for precise aircraft separation under the FAA's mandated RVSM (Reduced Vertical Separation Minimum) Program. RVSM requires aircraft at high altitudes to fly closer to each other than they have in the past. This allows more aircraft to fly in the existing airspace, which increases airline efficiencies. RVSM saves millions of dollars per year through reduced fuel costs and more direct routing. The FAA has estimated over 6000 aircraft will require air data system upgrades to fly in RVSM airspace. RVSM compliance in the continental United States is January 20, 2005. Europe, the North Atlantic, the Caribbean and Asia have already implemented RVSM mandates.