Greenwich, CT, January 17, 2008 — Megadata Corporation (OTC: MDTA.OB) announced today that San Antonio International Airport has purchased the complete PASSUR Pulse Landing Fee Management Program, to include PASSUR Pulse Proactive™. This capability increases the efficiency and reduces the costs of collecting and reporting landing fees for airports and their airlines, by eliminating carrier “self-reporting” in favor of airport-generated landing fee reports and invoices.
“Talking with current PASSUR customers - and our own extensive research - confirmed for us that the PASSUR landing fee management program is the smart way to evolve this critical part of our business” said Mark Webb, Aviation Director for San Antonio International Airport. “We are getting ahead of the curve in rolling out ‘proactive billing,’ and we’re confident PASSUR will help us implement it in full partnership with our carriers, given their experience in this area.”
“We applaud San Antonio Airport’s desire to gain complete control over landing fees - one of their largest revenue sources,” said Jim Barry, Megadata’s president and CEO. ”Airport generation of landing fee reports and invoices is definitely the way the industry is moving, and San Antonio joins a growing chorus of airports making that switch with us.”
PASSUR Pulse™ gives airports access to the most complete, accurate and timely activity reports of arrivals and departures, based on the PASSUR radar record and integrated database of flight information, including detailed owner/operator information, maximum certificated weights by tail number, seat configurations, runway utilization, and other details in aggregate and by individual flight. The application is part of the PASSUR Landing Fee Management program, which includes the option for online billing support to replace airline self-reporting, and a complete professional services support package.
More than 25 airports now manage their landing fee program with PASSUR. Key components of the PASSUR Pulse Proactive Landing Fee Module are:
- Accurate core data: Independent, complete and immediate landing reports generated by the PASSUR radar network and database of flight information, validated by both airlines and airports.
- Validated weights: Accurate, specific landed weight information tied to tail numbers.
- Transparency: Web-accessed and distributed, with carrier ability to log in any time to the airport’s system and validate landing fee reports on their own.
- Managed airport-airline partnership: Pulse Proactive is delivered with an industry-tested training and implementation program, including initial weight and count validations, specialized activity filters reflecting the goals of the airport’s landing fee program, and detailed explanations for carriers to understand the new approach to collecting fees.
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 85 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 as 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.
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, 2006 Form 10-K, and the July 31, 2007 10-Q.