Megadata Corp 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). PASSUR creates a single source of hard to access aviation data that is becoming the aviation industry standard for complete independent, accurate and timely information for airlines, airports, corporate aviation 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.
In 2007 more than 25 airports managed their landing fee program with PASSUR® including San Antonio International Airport, Los Angeles International Airport, Anchorage International Airport, Kansas City International, Denver International Airport and Newark Liberty International Airport. These PASSUR® solutions help airports achieve cost savings and operational efficiencies through instant communications, coordination and consistent information, for greater overall performance. 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.
To keep aviation students up to date on this technology, Dowling College School of Aviation in New York has signed an agreement with Megadata to incorporate the PASSUR® Portal into its airport operations and air traffic courses.
Megadata has also been named to Deloitte’s & Touché’s prestigious Connecticut Technology Fast 50 Program for the fourth year. The program, a ranking of the 50 fastest growing technology companies in the state, is organized by Deloitte & Touché USA LLP’s subsidiaries, in cooperation with the Connecticut Technology Council.
The company recently released its 2007 financials which showed strong increases in both sales and profits. In view of these results, President and CEO, Jim Barry stated, “We believe these results and the increased demand for our customer-oriented systems and solutions presents significant opportunities for Megadata in the airport, airline, and corporate markets. Finally, we continue to make the necessary investments in our cost structure to build the team and the underlying infrastructure to take full advantage of these opportunities. It’s an exciting time for our customers and for our company.”
Chairman of the Board G.S. Beckwith Gilbert was also pleased with the financial results and commented, “We’re optimistic about achieving our objectives, and as Jim stated, we’re excited about making these investments which we expect will drive profitable growth.”
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