STAMFORD, Conn., Jan. 11 /PRNewswire-FirstCall/ -- PASSUR Aerospace, Inc. (OTC Bulletin Board: PSSR) announced that Peter L. Bloom has joined the PASSUR Aerospace Board of Directors.
Peter Bloom is an Advisory Director at General Atlantic, where he worked since 1996. Peter was responsible for technology due diligence on prospective investments, assistance to the CEO and senior management teams of portfolio companies on technology strategy and guidance on emerging technology trends. Prior to joining General Atlantic, Peter spent thirteen years at Salomon Brothers in a variety of roles in both technology and fixed income sales and trading. Peter received the Carnegie Mellon/AMS Achievement Award in Managing Information Technology for his work managing the technology implementation of a new distributed computing architecture that supported the company's global business operations. Peter graduated from Northwestern University in 1978 with a B.A. in Computer Studies and Economics. He is a member of Business Executives for National Security, an Associate Founder of Singularity University, and a frequent speaker to private, educational and public sector organizations on technology related issues. Peter has served on several public, private and non-profit boards. He is currently the Chairman of DonorsChoose (http://www.donorschoose.org), which was named the most innovative charity in America by Stanford Business School and Amazon. Peter is also the co-founder and Chairman of Peak Rescue Institute (http://www.peakrescue.org), which teaches advanced rescue skills to first responders in law enforcement, public health and the military. He is a board member of The Food Bank for New York City (http://www.foodbanknyc.org) and the Cancer Research Institute (http://www.cancerresearch.org).
"I am proud to be affiliated with a company that has such a unique position in providing truly differentiated business analytics and services to airlines, airports and other related entities," said Peter Bloom. "PASSUR has extraordinary employees and directors, remarkable customer loyalty, and a clearly established ability to generate meaningful and sustainable ROI. I look forward to working with the company and its customers to apply emerging technologies that can augment PASSUR's capability to add even more value to the bottom line of our customers."
"We are honored to have Peter Bloom join our Board of Directors. He is an internationally known business leader with a passion for technology and a deep understanding of its effective applications," said Beck Gilbert, PASSUR's Chairman of the Board.
"Peter is a dynamic force - his competence, drive, and knowledge of today's and next-generation technologies will have a real impact on the value we provide to customers for years to come," said Jim Barry, PASSUR's President & CEO.
About PASSUR Aerospace, Inc.
PASSUR Aerospace, Inc. is a business intelligence company which provides our customers with 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 6 of the top 8 North American airlines), over 50 airport customers (including 8 of the top 10), and more than 200 corporate aviation customers, as well as the U.S. government. PASSUR's system is driven by our proprietary, patented, business intelligence software which is powered by a unique North American network of 110 passive radars, almost all company-owned, with one located at each of the top 35 U.S. airports. Flight tracks are updated every 4.6 seconds, thereby providing a system which is user-friendly and useful for decision-making. Other PASSURs are located in Europe and Asia.
Visit PASSUR Aerospace's web site at http://www.passur.com for updated products, solutions, and news.
The forward-looking statements in this news 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, 2008 Form 10K, and the July 31, 2009 10Q.
Contact: Jim Barry (203) 622-4086 firstname.lastname@example.org
SOURCE PASSUR Aerospace, Inc.