|By Business Wire||
|April 24, 2014 12:34 PM EDT||
During today’s conference call of Innovative Solutions & Support, Inc. (NASDAQ: ISSC) (the “Company”), Geoffrey Hedrick announced that he would be retiring as Chief Executive Officer of the Company, effective as of December 31, 2014. It is anticipated that Shahram Askarpour will take over as Chief Executive Officer of the Company upon Mr. Hedrick’s retirement. Dr. Askarpour is currently the Company’s President, a position he has held since April 2012. Prior to becoming the Company’s President, Dr. Askarpour served the Company as Vice President of Engineering from 2005 to April 2012 and as Director of Engineering from 2003 to 2005.
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. 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.