PASSUR and Raytheon to Provide Improved Airspace and Airport Efficiency Powerful new collaboration puts data to work to benefit passengers, airlines and airport authorities PR Newswire 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. About Raytheon 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 (203) 622-4086 firstname.lastname@example.org SOURCE PASSUR Aerospace Website: http://www.passur.com
PASSUR and Raytheon to Provide Improved Airspace and Airport Efficiency
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