PASSUR Aerospace and ARINC Announce Teaming Agreement for Delivering to the Cockpit Predictive Analytics and Decision Support Tools
STAMFORD, Conn., Oct. 11, 2011 /PRNewswire/ -- PASSUR Aerospace, Inc. (OTC Bulletin Board: PSSR) and ARINC announced today a teaming agreement to deliver to the cockpit from flight dispatchers predictive analytics and decision support tools, as well as other advanced information solutions. The agreement will combine PASSUR's extensive airline and airport traffic management software plus its national and international radar surveillance network with ARINC's advanced data communications and capabilities. The new system will make solutions available to the flight deck as well as airline and business aviation operations centers (AOCs) - from dispatchers and air traffic coordinators - for all phases of flight.
"We are very pleased to team with PASSUR and bring their unique real-time and predictive content to the flight deck using our advanced communications technology," said Steve Means, Vice President of ARINC Aviation Solutions. "The combination of PASSUR's extensive and successful customer-driven solutions with ARINC's world-class communications will make for better, smarter decisions."
"We are delighted to team with ARINC to expand the reach of our business intelligence solutions to the flight deck," said Jim Barry, PASSUR Aerospace's President and CEO. "ARINC is a world leader in air-to-ground communications and combining their capabilities with PASSUR's content will provide even greater value to our industry."
The combined solution will offer AOCs and dispatchers the ability to share the predictive analysis and alerts they already receive on PASSUR dashboards - related to such operational decisions as diversions and estimated times of arrival - directly with pilots, through an automated messaging process which formats PASSUR content specifically for distribution on ARINC communications systems. The solution provides for greater efficiency, communication, and collaboration with the cockpit, while increasing the critical role of Dispatch.
About ARINC Incorporated
ARINC Incorporated, a portfolio company of The Carlyle Group, provides communications, engineering and integration solutions for commercial, defense and government customers worldwide. Headquartered in Annapolis, Maryland, with regional headquarters in London and Singapore, ARINC is ISO 9001:2008 certified. For more information, visit the website at http://www.arinc.com.
About PASSUR Aerospace
PASSUR Aerospace, Inc. is a business intelligence company, which provides predictive analytics built on proprietary algorithms and on the concurrent integration and simultaneous mining of multiple databases. We believe we provide the industry standard in business intelligence dashboards and predictive analytics for aviation organizations. PASSUR serves dozens of airlines (including 5 of the top 6 North American airlines, and all 5 of the top hub carriers), more than 50 airport customers (including 23 of the top 30 North American airports), and approximately 200 corporate aviation customers, as well as the U.S. government, including the Federal Aviation Administration (FAA) and the Transportation Security Administration (TSA). PASSUR's system is driven by proprietary, patented business intelligence software, which is powered by a unique North American network of 155 passive radars, company owned, with one covering 98 of the top 100 North American airports. Other PASSURs are located in Europe and Asia. Flight tracks are updated every 4.6 seconds, thereby providing a system which is user-friendly and useful for decision-making. Visit PASSUR Aerospace's website at http://www.passur.com for updated products, solutions, and PASSUR news.
The forward-looking statements in this press release relating to management's expectations and beliefs are based on preliminary information and management assumptions. Such forward-looking statements are subject to a wide range of risks and uncertainties that could cause results to differ in material respects, including those related to customer needs, budgetary constraints, competitive pressures, the success of airline trials, the profitable use of the Company's owned PASSURs located at major airports, the Company's maintenance of above-average quality of its product and services, as well as potential regulatory changes. Further information regarding factors that could affect the Company's results is contained in the Company's SEC filings, including the October 31, 2010 Form 10-K and July 31, 2011 Form 10-Q.
SOURCE PASSUR Aerospace, Inc.
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