Passur Aerospace Inc   (PSSR)
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    Sector  Capital Goods    Industry Aerospace & Defense
   Industry Aerospace & Defense
   Sector  Capital Goods

Passur Aerospace Inc

Business Description

PASSUR Aerospace, Inc.is a business intelligence, predictive analytics, and big data company. Our mission is to connect the world's aviation professionals onto a single platform to improve global air traffic efficiencies. ASSUR(R) has a broad and global customer network. PASSUR(R)'s products are used by all of the top North American airlines, over 125 airlines worldwide, over 60 airports including 73% of the top 30 airports, approximately 200 business aviation organizations, and the US government.

Our core business addresses some of aviation's most intractable and costly operational and financial challenges, including underutilization of airspace and airport capacity, delays, cancellations, and diversions. Several studies have put the annual direct costs to the system of such inefficiencies at over $30 billion.

Solutions offered by PASSUR(R) cover the entire flight life cycle, from gate to gate, and result in reductions in overall costs, fuel costs, and emissions, while maximizing revenue opportunities, as well as improving operational efficiency, and enhancing the passenger experience. The Company provides data consolidation, information, decision support, predictive analytics, collaborative solutions, and professional services.

We provide airlines and airports the ability to get the most out of today's air traffic management system. As the FAA brings new capabilities online, we, with our customers, will have the ability to develop additional efficiency solutions.

Essentially all commercial companies using the airspace depend on information from the FAA for flight tracking. PASSUR(R) augments and integrates FAA information with data from PASSUR(R)'s independent network (the largest passive commercial radar network in the world), which has over 180 radar locations covering North America from coast to coast. PASSUR(R) provides faster aircraft position updates (from one to 4.6 seconds), and more complete information on aircraft. PASSUR(R)'s sensors receive aircraft and drone signals in Mode A, C, S, and Automatic Dependent Surveillance-Broadcast ("ADS-B"), providing position, altitude, beacon code, and tail number, among other information.

PASSUR(R) receives signals from aircraft that, when combined with our historical database of aircraft and airport behavior, including that recorded by our network over the last 10 years, allows us to know more about what has happened historically, and what is happening in real-time. In addition, the historical database, also accessible in real-time, allows us to predict how aircraft, the airspace, and airports are going to perform, and more importantly, how the aircraft, the airspace, and airport should perform.

PASSUR(R) offers companies products that are commercially proven, commercially accepted, and with a demonstrated Return on Investment ("ROI") for airlines and airports - providing a critical bridge between the commercial and government opportunities of the Federal Aviation Administration's ("FAA") Next Generation Air Transportation System ("NextGen"), the new National Airspace System due for implementation across the United States in stages over the next 10 years. NextGen proposes to transform the U.S. air traffic control system from an aging ground-based system to a satellite-based system.

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