SAN DIEGO, CA, June 10, 2019 – Innoflight experienced significant growth in the preceding five (5) years. This includes a revenue growth of more than 250% and a doubling of Innoflight’s office and laboratory space and employees. This year is no exception to this trend; in fact, Innoflight is on track for a record year with skyrocketing product sales. Innoflight’s customers include the U.S. Government, most major defense contractors and multiple spacecraft bus developers. In addition to the growth in the defense, intelligence and civilian space sectors, Innoflight recently received contract awards in both airborne and commercial space markets.
Innoflight has seen a surge in satellite launches equipped with Innoflight’s equipment since late 2018, with a great deal more expected this year and beyond. Several of Innoflight’s products will fly on their respective maiden voyages within the next year. Innoflight’s expected growth includes contracts related to collaborating with multiple companies on upcoming, high profile U.S. Government advanced space programs. These collaborative efforts leverage Innoflight’s expertise with high-performance, resilient processing and mesh and secure networking.
“All three of our portfolio product lines are recognized by major players in the space industry. We are seeing high demand for our compact and high-performing radios, recently certified cryptographic units and flight computers” said Vincent Gagnon, Director, Business Development at Innoflight. “Innoflight is on track to double its order intake this year with major upside opportunities compared to last year.”
To support its growth, Innoflight is strategically hiring hardware and software engineers and investing in capital infrastructure. Innoflight is currently expanding its security and quality assurance programs. Furthermore, Innoflight is investing in more laboratory and Information Technology (IT) equipment to support its growth. Innoflight is increasing its testing capabilities, as demonstrated with the recent installation and commissioning of a Thermal Vacuum and Cycling (TVAC) chamber. The TVAC chamber supplements Innoflight’s existing test chambers and allows for in-house testing of our products instead of relying on external test facilities.
“These are exciting times at Innoflight. With our very talented workforce, we have developed innovative space products that truly stand out when compared to competitive products,” said Jeff Janicik, Innoflight CEO and President. “Innoflight is the go to company for affordable state-of-the-art space electronics delivered on short program schedules. Our small business agility and flexibility is reflective in our product designs, allowing us to rapidly adapt and meet a wider and evolving set of mission objectives.”
Innoflight is hiring! Please contact us via our web site (www.innoflight.com) if you are interested in joining a fast growing company operating in a dynamic environment.
Innoflight is a veteran-owned small business founded in 2004. Innoflight offers state-of-the-art software-defined compact/ground radios, cryptographic and cyber secure systems and processing, networking and data storage avionics. Our core competency is secure Command, Control, Communications and Computers (C4) systems designed through innovative implementation of modern Commercial Off-The-Shelf (COTS) technology. The result is modular, high performance, yet low Size Weight and Power (SWaP) systems at competitive prices. Our products are qualified through an Innoflight rigorous process that includes parts reliability analysis and testing, system-level fault tolerance, and radiation risk mitigation. Our customers include the U.S. government, prime aerospace contractors and commercial space developers. To learn more about Innoflight, please visit the company’s website at www.innoflight.com.
Vincent Gagnon, Director, Business Development, +1-858-332-0944, firstname.lastname@example.org
Except for historical information contained herein, the matters set forth in this news release are forward-looking statements. Statements that are predictive in nature, that depend upon or refer to events or conditions or that include words such as “expects”, “anticipates”, “intends”, “plans”, “believes”, “estimates”, “will”, “could” and similar expressions are forward-looking statements. The forward-looking statements set forth above involve a number of risks and uncertainties that could cause actual results to differ materially from any such statement. The forward-looking statements speak only as of the date made, and the company undertakes no obligation to update these forward-looking statements.