ARINC and Abanco Partner to Develop New On-Board Sales Solutions for Airlines
PRESS RELEASE
Annapolis, Maryland, USA, August 6, 2007 - ARINC Incorporated, a global leader in airline communications, today announced it has signed a marketing and reseller agreement with Abanco, LLC, a major provider of mobile data and payment processing technology. The two companies plan to introduce an airborne data and payment system to make credit card payments at 30,000 feet as easy and secure as on the ground.Under the agreement, ARINC will license Abanco's market-leading MDT In-Flight productivity application, which is currently in use by many U.S. carriers. The two companies will leverage Abanco's proven technology with ARINC's data communications expertise, and plan to market a range of streamlined payment and inventory control solutions for on-board sales by airlines.
"We are very excited about this relationship," states Rolf Stefani, Senior Director of the ARINC Technology Innovation Center. "We plan to offer the airlines and their caterers a comprehensive solution for their buy-on-board needs, including inventory management, simplified data transfer methods, and ultimately, real-time functionality."
"This partnership is a perfect fit for Abanco's customers," states Tracy Metzger, Abanc's President. "This joint effort will create a system that has endless possibilities for real-time data and payments on flights worldwide. Coupling our proven solution with ARINC's leading aviation services and capabilities will open terrific opportunities for airlines throughout the world."
Abanco's MDT In-Flight solutions are successfully used for pre and post-flight inventory controls, real-time analytics, and passenger credit-card acceptance while countering in-flight fraud. In addition to supporting airlines' in-flight profit centers, Abanco's MDT solutions are deployed in environments such as railways, golf courses, and public events. By integrating with a number of ARINC's current communications technologies, airlines will be able to authorize air-to-ground sales transactions in real-time, as well as open a range of in-flight data solutions.
About Abanco, LLC
Abanco, LLC, headquartered in Rosemont, Ill., delivers highly customized, vertical market specific solutions to meet the needs of industries such as healthcare, airline, golf and others. These innovative solutions leverage Abanco's core data transaction processing infrastructure, resulting in unique applications such as an airline carrier's "Food for Sale" in-flight retail environment. Abanco, LLC is privately held. Company and product information are available at www.abanco.com.About ARINC, INC
ARINC Incorporated is the world leader in transportation communications and systems engineering. The company develops and operates communications and information processing systems and provides systems engineering and integration solutions to five key industries: airports, aviation, defense, government, and surface transportation. Founded to provide reliable and efficient radio communications for the airlines, ARINC is headquartered in Annapolis, Maryland, and operates key regional offices in London and Singapore, with over 3,200 employees worldwide. ARINC is ISO 9001:2000 certified. For more information, visit the ARINC web site at www.arinc.com. Corporate Information
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