Michael J. Paul, Technology Leader, Joins as Executive Director, PASSUR(R) Technology Advisory Board
STAMFORD, Conn., Sept. 24
STAMFORD, Conn., Sept. 24 /PRNewswire-FirstCall/ -- PASSUR Aerospace, Inc. (OTC Bulletin Board: PSSR) announced today that Michael J. Paul, President of Predictive Business Systems (PBS), has joined PASSUR's Technology Advisory Board as Executive Director.
Prior to starting PBS, Michael was the CIO and Vice President of Materials Planning at Sikorsky Aircraft, a division of United Technologies (UTC). During the past 6 years he was part of the executive team that grew Sikorsky Aircraft from a $2.5B to a $7B business. In his role as CIO, he led the transformation of Sikorsky's Information Technology platform to support global product design, manufacturing, and supply chain, resulting in the evolution of Sikorsky into the premier and largest helicopter company in the world.
Prior to joining Sikorsky, Michael spent 20 years at Pratt & Whitney Aircraft, where he held multiple positions, to include Director of ERP Implementation, Director of Materials Scheduling and Logistics, and General Manager of Manufacturing. In 2002 Michael received the Computerworld Honors Laureate, "A Search for New Heroes."
Michael continues to be sought out by leading companies for his input on product development and strategy.
"PASSUR has clearly been leading the way in many of the areas critical to the future of aviation, such as business intelligence, airline operational efficiencies, air traffic management, and airspace security," said Mike Paul. "I am impressed by the breadth and depth of their vision and their team, and the way the company has transformed many pioneering concepts into marketable, proven solutions. I look forward to contributing to the continued success of the company as a member of the PASSUR Technology Advisory Board, and by providing active engagement on strategic technology platforms, as well as on specific roadmaps of development."
"We are excited and honored that Mike accepted a leadership role in our company. His track record of tangible results in complex aerospace technology solutions fits perfectly with our growth trajectory and our focus on keeping our customers consistently ahead of the curve with innovative solutions that deliver major cost savings," said Beck Gilbert, PASSUR's Chairman of the Board.
"Mike is a premier technology leader, and we're very pleased he has joined our team," said Jim Barry, PASSUR's President & CEO. "The PASSUR Technical Advisory Board is an important element in delivering on our NextGen as well as our airline and airport efficiency strategies."
The PASSUR Technical Advisory Board consists of senior leaders with backgrounds in all of PASSUR's key market segments, as well as in aerospace technology sectors. Its mandate is to ensure that the company is positioned to maintain and grow its leadership in aerospace technology and innovative aviation efficiency solutions with demonstrable marketability and commercial applications.
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 U.S. Government. PASSUR's system is driven by its proprietary, patented, business intelligence software which is powered by a unique North American network of 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 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, 2009 Form 10K, and the July 31, 2010 10Q.
SOURCE PASSUR Aerospace, Inc.