PASSUR(R) Aerospace Named One of Connecticut's Fastest Growing Companies for 2010
STAMFORD, Conn., Nov. 18, 2010
STAMFORD, Conn., Nov. 18, 2010 /PRNewswire/ -- PASSUR Aerospace, Inc. (OTC Bulletin Board: PSSR), a leader in aviation business intelligence and predictive analytics, and a provider of decision support software and services to airports, airlines, corporate aviation, and the US government, has been named to the Connecticut Technology Council Marcum LLP Tech Top 40 list for the sixth time.
The award is a celebration of the 40 fastest growing Software, IT, New Media, Advanced Manufacturing, Energy/Telecom/Green Tech, and Life Sciences companies in Connecticut. Selection was based on the percentage revenue growth over four years: 2006-2009. PASSUR was honored on October 28, 2010 at the Tech Top 40 awards program at the Oakdale Theater in Wallingford, CT.
"Business intelligence and predictive analytics are critical to many of the business challenges and opportunities facing aviation today -- and PASSUR is the leader in our market," said Jim Barry, PASSUR Aerospace President and CEO. "Whether it is the passenger experience, fuel costs, emissions control, schedule integrity, or airspace security -- all are significantly affected by decision support solutions that mine data to anticipate disruptions, optimize operations, and ensure the right metrics are tracked, reported on, and evaluated."
"PASSUR Aerospace is one of several growing software companies in Connecticut who have quietly gone about their business, building a compelling product, capturing market share in their space, and adding jobs," said Matthew Nemerson, President & CEO of the Connecticut Technology Council.
PASSUR is one of thirteen software companies to be honored for 2010 and reinforces again the depth and strength of Connecticut's software sector.
About PASSUR Aerospace, Inc.
PASSUR Aerospace, Inc. is a business intelligence company which provides its customers 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 most major airlines (including 6 of the top 7 North American airlines, as well as the top five hub airlines), over 50 airport customers (including 10 of the top 15 North American airports), more than 200 corporate aviation customers, and the US Government. PASSUR's system is driven by its proprietary, patented, business intelligence software which is powered by a unique North American network of more than 140 passive radars, company owned, including one located at each of the top 35 U.S. airports. Other PASSURs are located in Europe and Asia. Flight tracks are updated every 4.6 seconds, thereby providing a system which is user-friendly and useful for decision making. Visit PASSUR Aerospace's website at http://www.passur.com for updated products, solutions, and PASSUR 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, 2009 Form 10K, and the July 31, 2010 10Q.
Contact: Ron Dunsky
SOURCE PASSUR Aerospace, Inc.