Greenwich, CT, October 18, 2007 — Megadata Corporation (OTC: MDTA.OB) announced today that AirCell, the leader in airborne telecommunications for business and commercial aviation, has purchased a suite of PASSUR data, information and software capabilities, and access to the PASSUR national radar network.
“AirCell is clearly a leader in its field and our national PASSUR radar network and aviation information solutions provide the company with a completely unique capability,” said Jim Barry, Megadata’s President & CEO.
“As AirCell leads the way with innovative, inflight Wi-Fi technology, it’s critical for us to partner with companies that reinforce our leadership, supporting us in our mission to provide a comprehensive business-support capability and a consistently superior customer experience,” said Jack Blumenstein, AirCell CEO.
AirCell will use PASSUR’s capabilities to enhance its customer monitoring, quality assurance and marketing efforts. The PASSUR suite will support AirCell in its efforts to deliver a superior passenger experience. Both commercial and corporate aviation fleets will benefit from PASSUR’s unique, real-time capabilities including flight databases, tracking and activity reports.
About Megadata
Megadata owns and operates a unique database of flight information with proprietary decision-making software, primarily powered by a growing international network of passive radars (PASSURs) located at more than 70 airports world-wide, including 33 of the top 35 U.S. airports – from which it provides PASSUR information, analytics, and decision support tools to improve the financial condition and operational efficiency of aviation organizations. Megadata offers unique user friendly information as well as decision algorithms which provide innovative commercial air traffic solutions to more than 50 airports, including 8 of the top 10 U.S. airports; dozens of airlines, including 7 of the top 10 U.S. airlines; and more than 150 corporate aviation customers, as well to the U.S. Government. In addition, the Company has created and implemented collaborative web-based software that allows the Company’s customers to instantly share information to improve individual and joint decision making, creating additional value for those customers.
About AirCell
AirCell is the leader in global airborne telecommunications for the Commercial and Business Aviation markets. The winner of the FCC’s exclusive broadband frequency license in 2006, AirCell is pioneering a revolutionary new wireless broadband system for North America.
AirCell broadband system will include robust Wi-Fi hotspots that enable airline passengers to surf the Internet, use e-mail and log on to their corporate VPN’s using their personal Wi-Fi equipped devices. The system will also offer airline operational communications capabilities and provide a path to a wealth of future cabin services.
Set for introduction in 2008, the new broadband service will also be available to business aircraft operators, offering a similar set of features.
AirCell (www.AirCell.com) has facilities in Louisville, Colorado, and Itasca, Illinois, USA.
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 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, 2006 Form 10-K, and the July 31, 2007 10-Q.