GREENWICH, Conn. , Feb. 19 /PRNewswire-FirstCall/ -- PASSUR Aerospace, Inc. (OTC Bulletin Board: PSSR) announced today that Oakland International Airport has contracted for PASSUR airport solutions designed to deliver revenue optimization and operational efficiency, safety and cost-effectiveness for key airport users.
"In today's environment, our customers want to be assured of two things above all: that we are managing the airport's finances prudently, and that we are ensuring the safest and most cost effective operation for them," said Steve Grossman , director of aviation for the Port of Oakland, which owns and operates Oakland International Airport. "The PASSUR solutions we have purchased will contribute both to our bottom line and to our ability to deliver world-class services to our carriers and their customers, enhancing some of our most important business metrics."
"We are so pleased to welcome Oakland to the PASSUR community, which includes airports, airlines, FBOs and others collaborating to increase efficiencies and cut costs," said Jim Barry , President and CEO of PASSUR Aerospace. "Our partnership with Oakland includes our innovative landing fee management program, as well as our airline-and-airport enhanced operations efficiency program."
The PASSUR Landing Fee Management Program
Airports today are expected to capture all revenues from all flights, assure their airline partners that fees are levied fairly, transparently, and efficiently, and explore new avenues of activity-based revenue. The legacy system of airline self-reporting has become a complex, time-consuming and inefficient process. The PASSUR Landing Fee Management Program and Airport Management Business Intelligence Reports put airports in control of these critical revenue streams by giving them and their airline partners the independent, standardized and accurate information tools they need to ensure complete revenue capture, quicker revenue recognition and payment, and effective forecasting and analysis. The program also includes the option for a rich aviation operation statistics data feed into Airport Operational Database (AODB) systems.
The PASSUR Airport Operations Program
Airports are being asked to provide more cost-effective, efficient, and safe airfield operations for carriers, to help them achieve greater throughput, quicker turns and fewer ground delays -- critical elements of airline profitability in today's challenging environment. Airports also want to consolidate as many airfield management functions onto a single platform to minimize staff requirements. 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, live dashboards of key operations metrics, flight and airspace visualization, and extended ground delay management.
About PASSUR Aerospace, Inc.
PASSUR Aerospace owns and operates a unique database of flight information with proprietary decision-making software, primarily powered by a growing international network of passive radars (PASSURs) located at more than 100 airports worldwide, including all of the top 35 U.S. airports -- from which it provides PASSUR information, analytics, and decision support tools to improve the financial condition and operational efficiency of aviation organizations. PASSUR Aerospace offers unique user-friendly information as well as decision algorithms which provide innovative commercial air traffic solutions to more than 50 airports, including customers at 8 of the top 10 U.S. airports; to dozens of airlines, including 7 of the top 10 U.S. airlines; and to more than 200 corporate aviation customers, as well as to the U.S. Government. In addition, the company has created and implemented collaborative web-based software that allows the company's customers to instantly share information to improve individual and joint decision-making, creating additional value for those customers.
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, 2008 Form 10K.
SOURCE PASSUR Aerospace, Inc.