Estimated read time: 4-5 minutes
This archived news story is available only for your personal, non-commercial use. Information in the story may be outdated or superseded by additional information. Reading or replaying the story in its archived form does not constitute a republication of the story.
[STK] OTC-PINK:PSSR OTC-QB:PSSR
[IN] AIR TRN TRA
[SU] TDS
TO BUSINESS EDITORS:
PASSUR and Raytheon to Provide Improved Airspace and Airport
Efficiency
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 Company are
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:
-- Provide integrated solutions to assist airlines, airports, and the
air traffic management community
-- Enhance operational efficiency and save money
-- Increase safety and security, and
-- Reduce 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 billion and 63,000 employees
worldwide, is a technology and innovation leader specializing in
defense, security and civil markets throughout the world. With a
history of innovation spanning 92 years, 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 as cyber security and
a broad range of mission support services. Raytheon is headquartered
in Waltham, Mass. For more about Raytheon, visit us
at www.raytheon.com and 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 rondunsky@passur.com
SOURCE PASSUR Aerospace
-0- 03/03/2014
/Web Site: http://www.passur.com
(OTC-PINK:PSSR /
OTC-QB:PSSR) /
CO: PASSUR Aerospace; Raytheon Company
ST: Connecticut
IN: AIR TRN TRA
SU: TDS
PRN
-- PH74892 --
0000 03/03/2014 14:00:00 EDT http://www.prnewswire.com
Copyright © The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
