Press release

Waviatech and AerData Announce Strategic Partnership

London, United Kingdom;  28 May 2008

Waviatech, the UK-based provider of the Stream Digital Aircraft Records tool have announced a strategic partnership with AerData, the Dutch based provider of software and back office services for aircraft asset managers.

Commenting on the agreement, Godfrey Ryan, Director, Sales and Marketing for Waviatech said “we are proud to align ourselves with AerData, a new but quickly established player in the aircraft asset management market, providing services to leading banks and lessors. The partnership will deliver synergies for both existing and future mutual customers of Waviatech and AerData”

“Stream has been delivering time and productivity savings for leasing companies and aircraft owners for many years” says Paul van Tol, managing director of AerData “the ability to link Stream information into AerData will further enhance the product we give to our customers” continued Van Tol.

About Waviatech

Our mission, with Stream, is to define the global standard for digital aircraft records”

Stream was developed by Waviatech to assist airlines and aircraft leasing companies in managing scanned historical aircraft and engine records. Since 2002 Stream has established itself by delivering high-quality, easy-to-retrieve and searchable digital records. Stream can be accessed on DVD, online or via a corporate network. Waviatech provides a number of services including a global records-scanning/processing service, aircraft technical records audits and aircraft inspection services. More information can be found on www.waviatech.com

For further information

Sharon Heaton, Marketing Executive, AerData
Phone: +44 1293 842 438
Email: sharon.heaton@aerdata.com

Disclaimer

This press release may contain forward-looking statements that involve risks and uncertainties. In most cases, you can identify forward-looking statements by terminology such as “may”, “should”, “expects”, “plans”, “anticipates”, “believes”, “estimates”, “predicts”, “potential” or “continue” or the negative of such terms or similar terminology.  Such forward-looking statements are not guarantees of future performance and involve significant assumptions, risks and uncertainties, and actual results may differ materially from those in the forward-looking statements.