Business Services Industry
Innovative Solutions & Support Announces WAAS LPV Approach at NBAA
Business Wire, Oct 8, 2008
IS&S expects FAA certification of new program within 90 days
EXTON, Pa. & ORLANDO, Fla. -- Today at the 61(st) NBAA Convention in Orlando, Florida, Innovative Solutions & Support, Inc. (NASDAQ:ISSC) launched a Wide Area Augmentation System (WAAS) program with Lateral Precision Performance with Vertical Guidance (LPV) for its PC-12 Cockpit/IP[TM] Flat Panel Display System.
Introduced in July 2008 as part of an initiative to provide enhanced features for PC-12 owners, WAAS capability is now being offered by IS&S for both single-side and full-cockpit display architectures, allowing PC-12 operators to fly precision approaches at smaller airports. IS&S will submit the WAAS autopilot coupled LPV approach for Federal Aviation Administration (FAA) certification. The Company expects to receive certification within 90 days.
"We're pleased to make WAAS capability with an LPV approach available to our existing and new PC-12 customers," says Roman Ptakowski, President of Innovative Solutions & Support. "Today, there are more than 1,000 WAAS approaches in use, and we expect that number to grow by 600 each year moving forward. In coupling autopilot with LPV approach, we are proud to offer PC-12 pilots the ability to fly precision approaches, which will open up even more airfields for their use."
For additional information on IS&S' WAAS LPV for the PC-12, visit IS&S Booth 4137 at the 61st NBAA Convention through today, Wednesday, October 8.
About Innovative Solutions & Support, Inc.
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 data relative to aircraft separation (RVSM), airspeed and altitude, as well as engine and fuel data measurements.
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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