Innovative Solutions & Support, Inc. Announces It Has Appointed Jeffrey Digiovanni To The Position Of Chief Financial Officer, Effective As Of April 8, 2024.

Jeffrey DiGiovanni brings extensive Public Company CFO experience to the Company

Innovative Solutions & Support, Inc. ("IS&S" or the "Company") (NASDAQ:ISSC) today announces that it has appointed Jeffrey DiGiovanni to the position of Chief Financial Officer, effective as of April 8, 2024.

"I am pleased to have someone with Jeff's background and accomplishments joining IS&S at this very exciting time in our growth," said Dr. Shahram Askarpour, the Company's Chief Executive Officer, commenting on the appointment. "Jeff is a seasoned public company CFO with experience in SEC filings, financial reporting and acquisitions, as well as capital markets interaction. In addition, his experience consulting with companies on critical financial and accounting issues will be of great value as we implement our organic and inorganic growth strategy. On behalf of the Board and our management, I want to welcome Jeff to the team. We are all looking forward to his contributions to our efforts to continually improve our financial and operational performance."

Jeffrey DiGiovanni, age 47, served as Senior Vice President and Chief Financial Officer of StoneMor Inc., a provider of funeral and cemetery products and services in the death care industry, from September 2019 to May 2023, and prior to that, served as StoneMor Inc.'s Chief Accounting Officer from September 2018 to September 2019. From January 2012 until September 2018, Mr. DiGiovanni was Managing Director at Pine Hill Group, a leading accounting and transaction advisory firm, where he worked with clients to deliver services, including readiness for initial public offerings, financial reporting, including reporting to the Securities and Exchange Commission, and technical accounting assistance on complex transactions. Mr. DiGiovanni is a Certified Public Accountant, and holds a B.S. in Accounting and an M.S. in Financial Services from Saint Joseph's University.

Coincident with this hire, Relland M. Winand will no longer be serving as the Company's interim Chief Financial Officer. As of April 8, 2024, Mr. Winand has agreed to consult with the Company on an advisory basis to assure a smooth transition of the Chief Financial Officer role.