PASSUR Aerospace and INFORM GmbH Announce Agreement to Develop Enhanced Turn-Management Solutions for Airlines and Airports
STAMFORD, Conn., Nov. 20, 2014 /PRNewswire/ -- PASSUR Aerospace, Inc. (OTC: PSSR.OB) and INFORM GmbH, announced today they are integrating their existing solutions for airline and airport turn management and hub control into a new offering. The companies have begun to connect their software and data for a launch project with a mutual airline customer, one of the largest in the world. The combined solution will deliver greater predictability, reliability, and schedule integrity, with fewer delays and disruptions for airlines and airports.
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PASSUR's flight, airspace, and airport efficiency solutions combined with INFORM's hub control and turn-management platform will enhance the accuracy of important metrics and milestones in a flight's transition from arrival to departure. The PASSUR solutions include PASSUR's Estimated-Time-of-Arrival (ETA) predictions; en-route and terminal airspace constraint predictions; Air Traffic Management (ATM) key performance indicator alerts; and real-time surface surveillance and gate conflict alerting. The INFORM solutions include turn monitoring, prediction of real and potential bottlenecks in above- and below-wing ground operations, optimized deployment and allocation of mobile and static resources, and a suite of equipment localization and mobility options.
The new integrated product will help airlines and airports successfully minimize the short time intervals between arriving and departing aircraft. In addition, the product will help forecast potential ground delays, prevent gate conflicts, out-of-position ground crews, and unnecessary gate changes, including other last minute disruptions that can interfere with a smoothly choreographed arrival-departure sequence.
"We are looking forward to working with PASSUR in leveraging the proven product portfolios of both of our organizations to deliver a unique collaborative solution that will help increase hub efficiency and reduce operating costs," said Thomas Schmidt, INFORM´s Aviation Director.
"The market has been demanding accurate, affordable turn management solutions and we're pleased to be working with INFORM GmbH, with their strong global reputation, as part of our continuing program to reduce the cost of airline operations and improve the customer experience," said Jim Barry, President and CEO of PASSUR Aerospace.
About INFORM GmbH
INFORM is a team of raised-in-industry ICT professionals who research, develop and deliver cutting-edge software solutions that improve airport and ground handling logistics, and who also provide consultancy services. INFORM specializes in intelligent planning and logistics decision-making software, based on mathematical optimization algorithms. INFORM's flagship suite of products, GroundStar™, used by more than 70 organizations in more than 160 airports worldwide, is recognized for its unsurpassed optimization capabilities, completeness and flexibility at strategic, tactical and operational levels. Founded in 1969, INFORM is headquartered in Aachen, Germany has grown around 20% per year. Today, more than 500 employees from over 30 nationalities provide support to well over 1,000 customers worldwide.
About PASSUR Aerospace
PASSUR Aerospace, Inc. is an aviation business intelligence and Big Data company that provides predictive analytics built on proprietary algorithms and the concurrent integration and simultaneous mining of multiple databases. PASSUR considers itself to be the industry standard in business intelligence dashboards and predictive analytics for aviation organizations. PASSUR serves more than 125 worldwide airlines (including all the top eight North American airlines), more than 60 airport customers (including 22 of the top 30 North American airports), and approximately 200 corporate aviation customers, as well as the U.S. government. PASSUR's system provides coast-to-coast coverage and is driven by proprietary, patented, business intelligence software, which is powered by a unique company owned North American network of over 175 passive radar systems. Other systems are located in Europe and Asia. Supplementary, detailed coverage is also provided at 98 of the top 100 North American airports. Flight tracks are updated between 1 and 4.6 seconds, thereby making available a system that is user-friendly and useful for decision-making. Visit PASSUR Aerospace's web site at www.passur.com for updated products, solutions, and 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.
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Ron Dunsky
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Robert Blair
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SOURCE PASSUR Aerospace, Inc.
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