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End-of-day quote: 05/10/2024
OTCPK:PSSR

PASSUR Aerospace Profile

PASSUR Aerospace, Inc. operates as a business intelligence company.

The company provides predictive analytics and decision support technology for the aviation industry primarily to improve the operational performance and cash flow of airlines, airports, fixed based operators (FBOs) and air navigation service providers. It provides a cloud-based platform, ARiVA, which manages and optimizes operations for its customers.

The company’s revenues are generated by selling subscriptions to a real-time decision and solution platform, and professional services. Under the subscription model, customer typically signs a contract for access to the solution ranging from 1 to 5 years.

ARiVA Platform Capabilities

ARiVATEMPO

Supported solutions and capabilities include International Civil Aviation Organization Global Aeronautical Distress Safety System-compliant flight tracking; operational-quality surface surveillance; interactive map with multiple optional overlays: Aeris weather, flight routes and fixes (filed/flown), actual flight track, surface vehicles, gate and taxiway labels, and others; advanced filtering of flights and flight data attributes; user-configurable display options and the ability to create library of saved layouts;·global search capabilities; and real-time or replay availability.

ARiVAAWARE

Supported solutions and capabilities include estimated flight arrival times: ON (runway touchdown), IN (gate arrival), and predicted taxi times and runways; airport/airspace demand and capacity forecasts; forecast of holding activity, including ETA of to hold fix, hold release, and new arrival time, and diversion prevention/optimal diversion for airports; prediction of early and late flights; notification of gate conflicts of approximately 60 mins before arrival time; notification of on-time save opportunities (A14/D0); and tarmac delays, such as taxiing flights in danger of exceeding the U.S. Department of Transportation 3/4 hour rule.

ARiVAWORKFLOW

Supported solutions and capabilities include large scale regional diversion management (diversions and recovery); airport communicator for dissemination of airport status to all stakeholders; movement area sequencing; departure management/departure metering; gate and tow management; expedited taxi management/single engine taxi opportunities;·runway availability: eligible flights/sector demand; and de-ice management.

ARiVAINTEL

Supported solutions and capabilities include operational performance reports: on-time, block, taxi, and airport/airspace throughput; tow and ramp sequence reports; surface wait-for-park reports (gate holds); gate pushback latency reports; airborne holding and diversion analysis; operational day replay; and customized user-defined reports.

ARIVABIZAV

Supported solutions and capabilities include historical data to assist in forecasting customers (e.g., fuel planning/fees); relationship management – know your best customers – supports customer loyalty and pricing programs; and predictive and real-time data for fixed based operator (FBO) flight support and CSR needs.

ARIVALFM

Supported solutions and capabilities include an automated process; reduces the need for post-audit true-ups and increases predictability of fees; ensures timely capture of all revenue with confidence; and reduces airport workload and supports faster revenue collection through standardized and automated billing.

ARiVASTRATEGY (Professional Services Consulting)

Supported solutions and capabilities include integrating commercial strategies and operational priorities into a balanced design (revenue, cost, reliability, and customer); providing insights on the relationship and tradeoffs of strategic investments (i.e., block/ground time, manpower, and maintenance) and tactical costs (i.e., misconnects, bags, overtime, and cancellations) for future designs; and preparing for future events with irregular operations planning, including scenario development, and pre-canned plans to build upon, and predictive forecasting.

Supported solutions and capabilities include optimizing and maintaining the integrity of the operational/schedule plan until day-of operation and providing operations control with a schedule to execute against; identifying and improving constraints in the operation on a daily basis and incorporating learnings into operational/schedule foundation; accessing a set of sustainability processes and tools to improve fuel savings and CO2 reductions; and gaining understanding of the airport throughput and airspace situation for future opportunities.

ARiVADATA

ARiVADATA is a comprehensive data solution, providing real time operations control (airborne operations and airfield operations), GADSS (Global Aeronautical Distress & Safety System) compliance, operational safety, traffic analysis, statistical reporting, and aircraft asset tracking (airfield surface vehicles).

ARiVADATA consists of ARiVA Global Feed (a real-time tracking, predictions, and milestones); Standardized Data Queries & Reports; and customized reports.

Distribution Methods

The company’s sales force is directly responsible for the sale of its solutions.

Research and Development

The company’s research and development expenses were $207,000 for the year ended October 31, 2021.

Intellectual Property

The company owns 27 issued patents and has an additional 9 patent applications pending with the United States Patent Office. The issued patents expire in various years through 2036. It also owns a federal registered trademark in the mark PASSUR and allowed federal trademarks for the marks Airwayz, NextGen2 and NextGen3.

Competition

Based on the various end uses of the company’s products, primary competitors include Saab-Sensis, The Weather Company/IBM, Harris Corporation, Amadeus, Thales, IDS, Metron, FlightAware, and Mosaic ATM.

History

PASSUR Aerospace, Inc., a New York corporation, was founded in 1967.

Country
Industry:
Prepackaged software
Founded:
1967
IPO Date:
01/02/1976
ISIN Number:
I_US70285Y1047

Contact Details

Address:
One Landmark Square, Suite 1900, Stamford, Connecticut, 06901, United States
Phone Number
203 622 4086

Key Executives

CEO:
Cook, Brian
CFO
O'Neill, Allison
COO:
Ince, Ilhan