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Orlando International Airport Contracts for PASSUR Arrival Management System; The Most Accurate Arrival Information Available on the Market
Greenwich, CT, December 1, 2006 — Megadata Corporation (OTC: MDTA) announced today that The Greater Orlando Aviation Authority has contracted for PASSUR RightETA™, an information feed of PASSUR Estimated Times of Arrival (ETA’s), which will be incorporated into all of Orlando Airport’s flight information display systems (FIDS).
“We were looking for a system to provide accurate and timely flight information, which are the keys to supplying a high level of customer service for our travelers and the community,” says Parker McClellan, Senior Director of Airports for the Greater Orlando Aviation Authority. “We expect this service to help us meet our goal.”
“With the purchase of our RightETA product, Orlando Airport is demonstrating the importance of distributing accurate information throughout the entire airport enterprise; we’re pleased we can continue to provide value to their first-class operation,” said Jim Barry, Megadata’s President and CEO.
RightETA™ is one of a suite of information and software subscription products provided to airports, and has been demonstrated to be the most accurate ETA available in the market. The PASSUR ETA is derived from algorithms which are fed by multiple data sources in real time, including flight position information from the network of PASSUR radar systems installed throughout the country. It is calculated by tracking multiple real-time metrics of the target flight as well as other nearby aircraft in the surrounding airspace, along with current and historic airspace conditions, resulting in an unmatched predictive capability. There is no equivalent product on the market today.
About Megadata
Megadata owns and operates PASSUR, a national network of multiple, live flight information sources feeding a single, integrated database known for independent, complete, timely, and accurate information and solutions for the aviation industry. It includes the unique network of PASSUR radar installations in the US, Canada, Europe, and Asia. The company’s principal business is the delivery of data, application software, and web-delivered collaborative decision tools to the aviation industry and organizations that serve, or are served, by the aviation industry. Megadata distributes its products through a direct sales force, and through premier aviation decision-support technology firms.
The forward-looking statements in this news release relating to management’s expectations and beliefs are based on preliminary information and management assumptions. Such forward-looking statements are subject to a wide range of risks and uncertainties that could cause results to differ in material respects, including those related to customer needs, budgetary constraints, competitive pressures, the success of airline trials, the profitable use of the Company’s owned PASSURs located at major airports, the Company’s maintenance of above average quality of its product and services, as well as potential regulatory changes. Further information regarding factors that could affect the Company’s results is contained in the Company’s SEC filings, including the October 31, 2005 Form 10-K and July 31, 2006 Form 10-Q.
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