• Shapiro, a Seasoned Airline Investor and Passenger Experience Expert, to Cover Future Travel Experience Trends

New York | August 26, 2014– In an industry as fast-paced and exciting as the airline passenger experience, some strategies are far likelier than others to succeed. It’s an environment where it pays to be aggressively informed and ambitious – which is why the APEX/IFSA EXPO selected one of the industry’s leading experts to kick off a day of riveting educational programming. Edward Shapiro, partner and vice president of PAR Capital Management and longtime investor in airlines, services and IFEC, has an unmatched perspective on the factors driving the passenger experience and recently was chosen to give the keynote address at the APEX/IFSA EXPO.

The APEX/IFSA EXPO – the largest industry-driven tradeshow devoted to the entire passenger experience – will be 15-18 September in Anaheim, California USA. The event is expected to draw 3,500 attendees and is hosted by the Airline Passenger Experience Association (APEX) and the International Flight Services Association (IFSA). Click here to register.

In addition to his experience as an investor, Shapiro is chairman of Global Eagle Entertainment, Legend 3D Inc. and Lumexis Corporation and a director of Sonifi Solutions. He is a member of the Wharton Undergraduate Board at the University of Pennsylvania, vice chairman of the Trust Board for Boston’s Children’s Hospital, a board member of The Rashi School in Dedham, Mass. and Combined Jewish Philanthropies in Boston. Previously, Shapiro served on the board of US Airways. He also served as a vice president at Wellington Management Company and was an analyst at Morgan Stanley & Co.

“We are honored to have Mr. Shapiro kick off our 2014 EXPO. His airline savvy and reputation for knowing what will and won’t move this industry promises invaluable insight into how airlines are leveraging technology, differentiating products and generating new sources of ancillary revenue. I’m sure attendees will gain some new perspective on how the rapidly evolving media and entertainment industries are impacting the airline passenger experience,” said Alfy Veretto, president of APEX and manager of IFE and Partnerships at Virgin America. “Coming from an airline, I’m personally excited to hear what Mr. Shapiro has to say about where our industry is headed.”

Shapiro’s keynote address will kick off a series of educational seminars and discussions of topics that are moving the airline passenger experience. A full educational agenda can be found here, and below are a few highlights.

  • How will the “Internet of Everything” change everything? Take a close look at the aviation industry, presented by Howard Charney, Cisco.
  • What is next in cabin innovation? Airbus presents how cabins are effectively and efficiently designed to meet the needs of passengers and airlines.
  • What prevalence will closed captioning have inflight? Hear an update on the issue straight from Washington D.C.
  • Music labels and royalty agencies discuss how airlines and CSPs can best work with them in light of recent changes to licensing processes.
  • Federal Communications Commission representative presents on radio frequency guidelines with the rise of inflight connectivity.

The APEX/IFSA EXPO brings together industry thought leaders and decision-makers, such as Shapiro, under one roof for riveting educational programming, a massive tradeshow floor and invaluable networking events. Registration for the event is now open. To learn more about the opportunities available at EXPO, visit apexifsaexpo.aero.

Costa Mesa, CA (November 30, 2009) – Lumexis Corporation, a manufacturer of advanced In-flight Entertainment and Connectivity Systems, has secured a $15 million investment led by the private equity fund management company, Perseus, L.L.C. The investment agreement includes the option for an additional investment of up to $7.5 million. Existing investors PAR Capital Management and Zone Ventures participated in the financing round. Lumexis also announced that it has been awarded a large order for its FTTS™ (Fiber To The Screen™) Audio-Video-On-Demand, In-Flight Entertainment Systems for installation on the new customer’s fleet of 737-family aircraft. The airline will use the system not only to provide passenger entertainment including movies on demand, games, and music, but also to support in-seat purchases by travelers of an array of products and services. The significant cost, weight, and reliability advantages of the Lumexis system were key determinants in securing both the order and the new investment capital.

The Lumexis FTTS™ system is based on new generation open software and hardware architectures. Data is transmitted from standard central servers via fiber optic cables that run directly to and from passenger screens, providing for super-high bandwidth, less weight and high reliability – all at significantly lower cost. Competing systems that dominate the market today are based on obsolete hardware and software architectures and rely on copper wiring to transmit data to the user. Unlike the Lumexis system, the competing systems require electronics boxes at every seat and intermediate switches to direct and decode the signals. As a result, these systems are very heavy, difficult to install, expensive to maintain, and prone to failure. The Lumexis system is approximately half the weight of older, legacy systems from other suppliers, providing airlines dramatic fuel savings.

“With many investment options to choose from, this new funding from Perseus and the renewed support from our existing shareholders demonstrates the confidence that they have in the Lumexis technology and management team. The clear advantages of the FTTS™ system have also led to securing a major contract with a highly innovative airline,” stated J. Douglas Cline, Lumexis Chief Executive Officer.

Perseus Senior Managing Director Dave Davis continued, “We made this investment because of the clear benefits of the Lumexis FTTS™ system relative to the competition. Airline customers are looking for an in-flight entertainment system that is affordable, reduces fuel burn through lower weight, and is easy to maintain, operate, and upgrade. The Lumexis system delivers on all of these attributes. In addition, Doug and his team are industry veterans fully committed to excellent customer service and satisfaction.”

Ed Shapiro, PAR Capital Management Vice President, added, “We are pleased to have Perseus join us in this investment. I have known Dave Davis for several years and kept him apprised of the progress Lumexis has been making since we made our original investment in 2007. This investment, together with Lumexis’ new 737 customer, are important validations of the opportunity we see in Lumexis.”

About Lumexis Corporation

Lumexis Corporation is a developer, manufacturer and marketer of advanced in-flight entertainment and communication systems built on a core competency in fiber optics technology. With headquarters adjacent to Orange County, California’s John Wayne Airport, the company can reached at +1.714.641.4900 or on the web at www.lumexis.com.

About Perseus, L.L.C.

Perseus, L.L.C. is a private equity fund management company headquartered in Washington D.C., with an office in New York and an associated office in Munich.  Perseus has invested in numerous growth equity, distressed, and buyout transactions in the United States, Canada, and Western Europe. Perseus manages seven private equity funds.  Since its inception in 1995, Perseus has made investments in 62 portfolio companies and has $1.5 billion in funds under management. www.perseusllc.com