Press Release

Issued by IFS.

October 7, 2009

Mxi Technologies, the leader in aviation maintenance management software, and Pba Consult LLC, a leading Russian automated-solutions provider, announced today the signing of an exclusive teaming agreement which sees the organizations partner to deliver a comprehensive aviation lifecycle management solution to one of Russia's leading civil aircraft manufacturers.

"In our role as General Contractor on this project it was extremely important to us to partner with a solutions vendor that we could fully support and feel confident in bringing to the table. In Mxi we have found the perfect partner with the experience and industry acumen necessary to take this project forward," says Kirill Tukhtikov, Chief Executive Officer, Pba Consult.

The Russian aviation industry has emerged as a top priority for the Russian government. At MAKS 2009, Russia's International Aviation and Space Salon in Moscow, Vladimir Putin noted in his opening remarks that "the development of aircraft building and space exploration is an undoubted priority [for Russia]." In 2009, the industry was further bolstered by government financing totalling $2.6 billion (US) — an amount equal to 20 times previous spending levels. Pba Consult's exclusive partnership with Mxi Technologies is added evidence that leading Russian suppliers to the aviation industry are looking to partner with international, best-of-breed vendors to further develop and support Russia's burgeoning aerospace industry.

"Our partnership with Pba Consult represents a considerable strategic opportunity for our organizations to support the rapid growth of the Russian aviation industry through one of the most ambitious civil aircraft programs in Russia's recent history," says Dave Curley, Senior Vice President, Marketing and Product Management at Mxi Technologies.