PASSUR and Raytheon to Provide Improved Airspace and Airport Efficiency
Powerful new collaboration puts data to work to benefit passengers, airlines
and airport authorities
STAMFORD, Conn., March 3, 2014
STAMFORD, Conn., March 3, 2014 /PRNewswire/ --PASSUR Aerospace, Inc (OTC:
PSSR), an aviation business intelligence, Big Data, software and solutions
company, today announced PASSUR and Raytheon Companyare collaborating on
solutions to improve the predictability of air travel, increase efficiencies
for airlines, and create a safer, more hassle-free travel experience for
passengers. The cooperative agreement includes the integration of PASSUR's
business analysis and predictive analytics decision support software with
Raytheon's air traffic management systems.
In anticipation of the FAA's NextGen Terminal Flight Data Manager program, the
Raytheon and PASSUR collaboration will:
oProvide integrated solutions to assist airlines, airports, and the air
traffic management community
oEnhance operational efficiency and save money
oIncrease safety and security, and
oReduce environmental impact.
The integration of Raytheon and PASSUR capabilities will result in a robust
automation platform. The platform will allow enhanced flight data to be
processed and distributed among tower control positions, as well as air
traffic positions managing from cruise to approach to surface traffic
management, and commercial and recreational aircraft operators.
"We are using analytics to create useful information and get it to the air
traffic managers and operators who make crucial decisions regarding air
traffic flow at all stages of flight," said Jim McCoy, Vice President,
Raytheon Air Traffic Systems. "Rapid access to better information enhances
safety, efficiency and the curb-to-curb travel experience."
The collaboration brings added data and analytics into the system while
streamlining airport air traffic systems. The efficiencies created will
provide reliable and more predictive information to airport operators,
airlines and, ultimately, passengers.
"Passengers and operators are rightfully demanding a more predictable air
travel experience," said Jim Barry, PASSUR President and Chief Executive
Officer. "Through the Raytheon/PASSUR collaboration, we achieve this objective
and bring enhanced reliability to everyone involved."
Raytheon and PASSUR will demonstrate their collaborative efforts at the
Communicating for Safety conference in March 2014.
Raytheon has more than 60 years experience in providing global air traffic
management technology, products and services to civil and military customers
around the world. Raytheon's ATM solutions operate in more than 60 countries,
and monitor more than 60 percent of the world's airspace.
Raytheon Company, with 2013 sales of $24 billionand63,000employees
worldwide, is a technology and innovation leader specializing in defense,
security and civil markets throughout the world. With a history of innovation
spanning92years, Raytheon provides state-of-the-art electronics, mission
systems integration and other capabilities in the areas of sensing; effects;
and command, control, communications and intelligence systems, as well
ascyber securityand a broad range of mission support services. Raytheon is
headquartered in Waltham, Mass. For more about Raytheon, visit us
atwww.raytheon.comand follow us on Twitter @Raytheon.
About PASSUR Aerospace
PASSUR Aerospace, Inc., is a 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
serves dozens of airlines (including all the top eight North American
airlines), approximately 60 airport customers (including 22 of the top 30
North American airports), and approximately 150 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 North American network of 163 passive
radar sensors, company owned. 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, 2013 Form 10-K.
Contact: Ron Dunsky
SOURCE PASSUR Aerospace
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