Innovative Solutions to review Christopher Harborne indication of interest

Innovative Solutions acknowledged its receipt of an unsolicited, non-binding indication of interest to make a proposal from Christopher Harborne. The Non-Binding Indication of Interest contemplates a transaction in which Harborne would acquire all of the shares of the company’s common stock not already owned by Harborne at a price of $7.25 per share in cash. The Board of Directors of IS&S will review the Non-Binding Indication of Interest to determine a course of action in the best interests of the company and its stakeholders. IS&S shareholders need take no action at this time. The company does not intend to comment further on the Non-Binding Indication of Interest until the Board has completed its review.