LE BOURGET, France, June 20,
2017 /PRNewswire/ -- PASSUR Aerospace is partnering
with GE Aviation Digital Solutions to leverage GE's domain
expertise in software development, design thinking and
FastWorks. The work will take place in GE's digital
collaboration center in Austin,
Texas.
"This agreement is aligned with the goal of supporting the
aviation ecosystem with our suppliers and customers to drive
efficiency," said Andrew Coleman,
chief commercial officer for GE Aviation. "This is a perfect
example of working with an innovative partner like PASSUR so they
can bring in their customers to discuss new digital solutions to
address operational challenges."
With iterative input from their customers, PASSUR is in the
process of creating the next generation of aviation intelligence
solutions, to address its customers' biggest operational challenges
and opportunities with the goal of improving overall airline and
airport reliability, service, and cash flow – and is utilizing GE
to help accelerate this journey.
"PASSUR partners with its customers to ensure that the best
practices from the brightest minds of the industry are reflected in
its software solutions," said Jim
Barry, PASSUR president and CEO. "GE is bringing the
same approach to PASSUR's digital design opportunities by applying
the best practices of decision support design to help PASSUR bring
leading-edge solutions to its customers."
This partnership will be the kickoff of a design process that
will lead to new, transformative capabilities for PASSUR's
customers, and will shape the vision and future of PASSUR's
integrated suite of solutions. It is an important milestone in both
companies' active investment in the Industrial Internet, by
advancing the integration of multiple data sources from disparate
systems, together with machine learning, onto an integrated
decision support solution.
"Another unique aspect of the agreement is that we are
leveraging GeniusLink for the design so we're essentially crowd
sourcing the desired outcome from the design workshop to accelerate
creative innovation with PASSUR," continued Coleman.
PASSUR Aerospace (OTC: PSSR) is a leading business
intelligence company, providing predictive analytics and decision
support technology for the aviation industry primarily to improve
the operational performance and cash flow of airlines and the
airports where they operate. PASSUR Aerospace's
information solutions are used by the five largest North American
airlines, more than 60 airport customers, (including 22 of the top
30 North American airports customers – with PASSUR solutions also
used at the remaining eight airports by one or more airline
customers), hundreds of business aviation customers, and the U.S.
government. PASSUR owns and operates the largest commercial passive
radar network in the world that provides aircraft position updates
every 1 to 4.6 seconds, powering a proprietary database that is
accessible in real-time and delivers timely and accurate
information and solutions via PASSUR's industry-leading algorithms
and business logic included in its products.
www.passur.com
GE Aviation is part of GE (NYSE: GE), the
world's Digital Industrial Company, transforming industry
with software-defined machines and solutions that
are connected, responsive and predictive. GE is organized
around a global exchange of knowledge, the "GE Store," where each
business shares and accesses the same technology, markets,
structure and intellect. Each invention further fuels innovation
and application across our industrial sectors. With people,
services, technology and scale, GE delivers better outcomes for
customers by speaking the language of
industry. www.geaviation.com/digital
This press release
contains forward-looking statements. Forward-looking statements are
subject to risks, uncertainties and assumptions, and are identified
by words such as "will", "expects", "estimates", "projects",
"anticipates", "believes", "intends", "plans", "may", "pending",
"continues", "should", "could" and other similar words. All
statements other than statements of historical fact are considered
to be forward-looking statements and such forward-looking
statements, including statements of management's expectations and
beliefs, are based on preliminary information and assumptions and
expectations of future events. The Company cannot and does
not guarantee that such information, assumptions, and expectations
are accurate or will be realized. These forward-looking statements
are not guarantees of future performance or results, and should be
evaluated in light of important risk factors, assumptions, and
uncertainties that could cause the Company's 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 some of the
factors that could affect the Company's results and cause those
results to vary materially from those currently anticipated is
contained on Forms 10-K - including under the heading entitled
"Risk Factors", 10-Q, and other reports filed with the Securities
and Exchange Commission. In addition, undue reliance should not be
placed on the Company's forward-looking statements. Any
forward-looking statement made by the Company in this press release
speaks only as of the date on which we made it. Except as
required by law, the Company disclaims any obligation to update its
risk factors or to publicly announce updates to the forward-looking
statements contained in this press release to reflect new
information, future events, or other developments.
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SOURCE PASSUR Aerospace