STAMFORD, Conn., Nov. 9, 2012 /PRNewswire/ -- PASSUR® Aerospace, Inc. (OTC: PSSR), a business intelligence software and solutions company, announced today that it has been selected by the International Air Transport Association (IATA) as its partner to build the association's web platform for collaborative, tactical air traffic management, supporting the IATA Liaison Desk at the FAA Command Center. The new platform will provide airlines worldwide the ability to minimize same-day air traffic constraints in the U.S., access critical information about U.S. operations, and receive expert traffic management support and updates on the U.S. National Airspace (NAS) – all on a single, live, collaborative portal.
"We welcome our new partnership with IATA and we applaud them for their vision in launching this air traffic management program," said Jim Barry, President and CEO of PASSUR Aerospace. "Consolidation of information on a single common operating platform while facilitating collaboration between multiple parties is part of PASSUR's DNA. We are particularly pleased to assist this initiative on the worldwide stage."
The new platform, called IATA Tactical Operations Portal (ITOP), addresses international air carriers' need to optimize their same-day operations in the highly complex, frequently disrupted U.S. airspace. More than 100 airports, eight major airlines, and more than 500 members use similar PASSUR technology to help with collaborative management of diversions, field conditions, and tarmac delays. ITOP is the first in a series of similar portals to be designed for all the major air traffic regions around the world.
ITOP is linked to PASSUR's Airport Information Network™ (AIN), and will provide airlines real-time access to the North American airline and airport community with online communication, messaging and alerting – information and content designed specifically for international carriers operating in North America.
PASSUR will also provide its Integrated Traffic Management (PITM) solution, an industry-changing web-hosted business intelligence platform, which targets key constraints through the entire flight lifecycle, minimizing fuel costs and emissions, improving schedule integrity, and enhancing the passenger experience. PITM modules assist with diversion management, airspace optimization, surface management, arrival and departure management, as well as tarmac delay management.
About PASSUR Aerospace
PASSUR Aerospace, Inc. is a business intelligence company that provides predictive analytics built on proprietary algorithms and the concurrent integration and simultaneous mining of multiple databases. We believe PASSUR is the industry standard in business intelligence dashboards and predictive analytics for aviation organizations. PASSUR serves dozens of airlines (including six of the top eight North American airlines, and all five of the top hub carriers), approximately 60 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 provides coast-to-coast coverage and is driven by proprietary, patented, business intelligence software, which is powered by a unique North American network of 155 passive radars, company owned. Supplementary, detailed coverage is also provided at 98 of the top 100 North American airports. Other PASSURs are located in Europe and Asia. Flight tracks are updated between 1 and 4.6 seconds, thereby making available a system, which is user-friendly and useful for decision-making. Visit PASSUR Aerospace's Website at http://www.passur.com for updated news, products, and solutions.
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, 2011 Form 10-K and July 31, 2012 Form 10-Q.
SOURCE PASSUR Aerospace, Inc.