Greenwich, CT, July 17, 2007 — Megadata Corporation (OTC: MDTA.OB) announced today that Richmond International Airport (RIC) has purchased PASSUR Pulse Audit™, RightETA™, and PASSUR Portal™.
“The PASSUR solutions will be key to keeping our costs down for our scheduled carriers as well as improving the efficiency of our airport,” said Steven Owen, Director Finance for Richmond International Airport. “We’re blown away by the ETA accuracy,” said James Nilo, Richmond’s Operations Manager. “In the few days we’ve had the PASSUR products, they’ve already been helpful, most particularly on a day when we were taking a lot of diversions – with PASSUR we knew the diverting aircraft were coming and when exactly they would arrive. Great tool!”
“Richmond International Airport is the latest airport to add one of our suite of products for Landing Fee Management – and of course we’re particularly pleased our operations products have had an immediate impact on the airport,” said Jim Barry, Megadata’s President and CEO.
PASSUR Pulse Audit 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, turn times, and other details in aggregate and by individual flight. There is no equivalent product on the market today.
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.
PASSUR Portal reinvents the way the aviation industry accesses timely, accurate and complete information for tasks such as gate and connections management, airfield optimization, and landing fee management. It provides a web dashboard onto the one-of-a-kind PASSUR database of live flight information affordably and simply, and is also the access point for all other PASSUR web services. There is no equivalent product on the market today.
About Megadata
Megadata owns and operates PASSUR, an international 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 now provides services to over 45 airports, including 8 of the top 10; dozens of airlines, including 7 of the top 10; and to a wide audience of FBO’s as well as corporate flight departments, including some of the largest in the world. 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, 2006 Form 10-K, and the April 30, 2007 10-Q.