Innovative Solutions & Support, Inc. (NASDAQ:ISSC) announced that the Company has entered into an OEM (Original Equipment Manufacturer) agreement with Eclipse Aerospace to provide the Vantage Premier avionics suite for the EA500. Under this agreement, the Company will be the supplier of Primary Flight and Multi-Function Displays as well as the Integrated Flight Management and Electronic Flight Bag System on the Eclipse 500.
Innovative Solutions and Support�s President Roman Ptakowski stated, �We are pleased to have been chosen to partner with Eclipse Aerospace for the supply of the cockpit avionics for the EA500. The Vantage Premier avionics suite is one of the most advanced cockpits available on any aircraft. The thirteen microprocessors in the IS&S displays control all major aircraft systems including Electronic Circuit Breakers, Radios, Transponders and Radars. FMS precision navigation, coupled auto-throttle, full VNAV, and Synthetic Vision give the Eclipse Twin-Engine Jet unrivaled performance. The aircraft specific synoptic pages provide for a graphical presentation and control of all major subsystems including calculations for Take-Off / Landing performance as well as weight and balance.�
The IS&S developed independent Integrated Standby System is also featured in the Eclipse aircraft with an unmatched performance in stability and accuracy of attitude, heading and airdata parameters.
Mr. Ptakowski continued, �This OEM agreement illustrates the value of Innovative Solutions & Support�s products. We design all of our products to meet the most stringent industry requirements as well as to easily accommodate foreseeable future needs. They are equally suitable for owners of both newly manufactured aircraft and aircraft in need of an upgrade. The Vantage Premier enhanced avionics suite is available for integration into other aircraft.�
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. These systems include RVSM and airspeed, as well as engine and fuel data measurements.
Ryder System, Inc (NYSE:R) announced that it has donated $45,000 to the Neva King Cooper Educational Center, a special needs education center for children and young adults with significant intellectual disabilities located in Homestead, Fla. The donation will be used to purchase SMART Boards to be installed in every classroom.
Ryder System, Inc. provides transportation and supply chain management solutions. It operates in three segments: Fleet Management Solutions (FMS), Supply Chain Solutions (SCS), and Dedicated Contract Carriage (DCC).
Cleantech Transit, Inc. (CLNO)
Cleantech Transit Inc. was founded to capitalize on technology advances and manufacturing opportunities in the growing clean energy public transportation sector. The Company has expanded its focus to invest directly in specific green projects. Recognizing the many economic and operational advances of converting wood waste into renewable sources of energy, Cleantech has selected to invest in Phoenix Energy (www.phoenixenergy.net). This project could benefit the Company’s manufacturing clients worldwide.
Biomass is a renewable energy source which is derived from woody plants such as trees; sawmill co-products; wood waste and other plant material (grasses and straw). Generally regarded as an environmentally sustainable fuel source when it is derived from sustainably managed forests. Regarded as “carbon-neutral” because the burning of biomass releases about the same amount of carbon dioxide into the atmosphere as it had absorbed while it was growing. Renewable because trees and crops can be replanted to replace what has been used. Biomass energy systems can generally provide low carbon footprint compared to other fossil fuels.
Cleantech Transit, Inc. (CLNO) is pleased to announce it has met its funding requirement to secure the Company’s ability to earn in 25% of the 500KW Merced Project.
The Company is in the final stages of closing its initial interest in the Merced Project and is currently working on completing the necessary documentation and expects closing the transaction soon. As previously announced Cleantech has the option to earn up to 40% of the Merced Project and the Company plans to continue to work towards increasing its interest in the Merced Project as they move ahead.
For more information about Cleantech Transit, Inc. visit its website www.cleantechtransitinc.com
MeadWestvaco Corporation (NYSE:MWV) announced it is listed on the 2011 Dow Jones Sustainability World Index (DJSI World) for the eighth consecutive year. The DJSI World recognizes the world’s leading companies in the areas of economic, environmental and social performance, and evaluates organizations based on their commitment to and success in integrating sustainability into core business objectives and performance.
MeadWestvaco Corporation provides packaging solutions to the healthcare, beauty and personal care, food, beverage, tobacco, and home and garden industries worldwide.
JPMorgan Chase & Co. (NYSE:JPM) announced that it has been appointed by Vanguard, one of the world’s largest investment management companies, to offer four of its U.S.-registered Exchange Traded Funds (ETFs) on the international segment of the Mexican Stock Exchange, Bolsa Mexicana de Valores (BMV).
JPMorgan Chase & Co., a financial holding company, provides various financial services worldwide. Its Investment Bank segment provides various investment banking products and services, including advising on corporate strategy and structure, capital-raising in equity and debt markets, risk management, market-making in cash securities and derivative instruments, prime brokerage, and research services serving corporations, financial institutions, governments, and institutional investors.
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