STAMFORD, Conn., April 8 /PRNewswire-FirstCall/ -- PASSUR Aerospace, Inc. (OTC Bulletin Board: PSSR) announced today that Cleveland Hopkins International Airport (CLE) has contracted for PASSUR airport information solutions designed to deliver the most cost-effective operations for carriers and other airport users through optimized airfield management.
"Whether it's in the main terminal or on the airfield, safety at CLE is our number one priority," said Airport Director Ricky Smith. "That is why we chose PASSUR Airport Solutions, to help us continue meeting that priority. PASSUR has a proven track record in providing complete, accurate and timely views of flight and airspace operations."
"We are pleased to have Cleveland Hopkins International Airport join the family of airport customers who use PASSUR solutions to help deliver the highest operational performance," said Jim Barry, President and CEO of PASSUR Aerospace. "Airports are being asked to perform an increasingly central role in helping airlines achieve their performance and cost targets, and PASSUR will continue to support our airport partners in fulfilling that mission."
PASSUR Airport Operations Solutions
The PASSUR Airport Operations Program provides to airport ramp tower, operations and communication centers the alerts, decision support, planning and analysis tools they need to run a more efficient and safe operation, and the web platform for cost-effective communication, coordination and collaboration with all the airport's key constituencies. It includes modules for field condition reporting/eNOTAM integration; mitigation of DOT extended tarmac delays; live dashboards of key operations metrics; and flight and airspace visualization. A recent study on the financial impact of the Field Condition Report module alone shows annual savings to carriers, per airport, ranging from $1.1MM (small airports) to $4.3MM (medium airports), and $12MM (large airports). A study of PASSUR Airport Ramp Tower solutions shows additional annual savings to carriers, per airport, ranging from $2.3MM (small airports) to $4MM (medium airports), and $6.8MM (large airports).
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), and more than 200 corporate aviation customers. PASSUR's system is driven by its proprietary, patented, business intelligence software which is powered by a unique North American network of 130 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 PASSUR news.
The forward-looking statements in this shareholder letter 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 10-K and January 31, 2010 Form 10-Q.
SOURCE PASSUR Aerospace, Inc.