Innovative Solutions and Support inc - Company Profile
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Business Description
Innovative Solutions and Support Inc (IS&S) is a systems integrator that designs, manufactures, and markets flight information computers, flat panel display systems and advanced monitoring systems.
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R&D Overview
The R&D arm of IS&S's focuses on introducing new products and improving existing products to grow and diversify its operations. As of September 30, 2023, the company had 32 US patents and 85 international patents. It also had three US patents and six international patents applications pending relating to its technology. IS&S allocated significant resources to R&D activities, with approximately 26% of its workforce comprising engineers dedicated to various engineering development projects in the review year. In FY2023, the company incurred expenses US$3.1 million on R&D, which as a percentage of revenue, stood at 8.9%.
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