Innovative Solutions & Support, Inc. Receives Favorable Jury Verdict Against Kollsman, Inc., J2 In

Innovative Solutions & Support, Inc. (NASDAQ:ISSC) today announced that it has received a favorable jury verdict in its trade secret misappropriation case against Kollsman, Inc. (a subsidiary of Elbit Systems Ltd.), J2 Inc., Joseph Caesar, James Zachary and Zachary Technologies, Inc. in the United States District Court for the Western District of Tennessee. The jury unanimously found that each of the defendants had misappropriated IS&S’s air data computer technology. The jury found that IS&S had suffered damages of just over $4.4 million in lost profits and $1.6 million in defendants’ net profits, for a total of over $6 million. The jury also found in favor of IS&S’s claims for breach of duty and contract, and unfair competition against J2 Inc., Joseph Caesar, James Zachary and Zachary Technologies, Inc.

“We are comforted that the jury has reached a verdict in favor of the Company.” said Geoffrey Hedrick, Founder and Chairman of Innovative Solutions and Support, Inc. “We have long maintained that the defendants had misappropriated our intellectual property, and that Mr. Caesar, a former Vice-President of IS&S, and Mr. Zachary, a former sales representative of IS&S, had breached contractual and other obligations owed to Innovative Solutions & Support. This verdict vindicates our assertions and reaffirms the strength and value of the company’s proprietary technologies that it uses to maintain its competitive advantage.”

Roman Ptakowski, President of Innovative Solutions & Support commented that “We respect the intellectual property of others, and we will vigorously defend our intellectual property rights.”

The judge presiding over the case will hear IS&S’s claims for a permanent injunction as well as punitive and exemplary damages against Kollsman and the other defendants in future proceedings.

About Innovative Solutions

Headquartered in Exton, PA, Innovative Solutions & Support, Inc. (www.innovative-ss.com) is a systems integrator engaged in the design, manufacture and marketing of Flat Panel Display Systems, Air Data equipment, Flight Information Computers, Engine and Fuel Measurement and Control Computers, and advanced monitoring systems that measure and display critical flight information. This includes data relative to aircraft separation, airspeed and altitude as well as fuel and instrument measurements.

Certain matters contained herein 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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For more information visit www.innovative-ss.com

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