GREENWICH, Conn., Oct. 1, 2008 — PASSUR Aerospace, Inc. (OTC Bulletin Board: PSSR) announced today that Salt Lake City International Airport has contracted for PASSUR RightETA(TM), an information feed of PASSUR Estimated Times of Arrival (ETA’s), which will be incorporated into the airport’s information systems.
“Accurate information for our passengers and those meeting them is a key airport service,” said Lisa Oldham, IT Manager for the Salt Lake City Department of Airports. “PASSUR demonstrated that their product met our standards.”
“We welcome Salt Lake City International Airport into the PASSUR family of elite airports who insist that their tenants and passengers receive the most accurate arrival information,” said Jim Barry, president and CEO of PASSUR Aerospace. “Multiple independent studies have demonstrated that the PASSUR Estimated Time of Arrival (ETA) is the most accurate ETA available - which is why leading airlines and airports throughout the world use PASSUR ETA’s to power their systems.”
RightETA(TM) is one of a suite of information and software subscription products provided to airports, and has been demonstrated to be the most accurate ETA available in the market. The PASSUR ETA is derived from algorithms which are fed by multiple data sources in real time, including flight position information from the network of PASSUR radar systems installed throughout the country. It is calculated by tracking multiple real-time metrics of the target flight as well as other nearby aircraft in the surrounding airspace, along with current and historic airspace conditions, resulting in an unmatched predictive capability. There is no equivalent product on the market today.
About PASSUR Aerospace, Inc.
PASSUR Aerospace is changing the way aviation and aerospace information is collected, analyzed, and delivered. 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 85 airports worldwide, including 34 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 organizations. PASSUR Aerospace offers unique user-friendly information, as well as decision support algorithms, which provide innovative commercial air traffic solutions to more than 50 airports, including 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 180 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, 2007 Form 10K, and the July 31, 2008 10Q.
Contact:
Ron Dunsky
(203) 622-4086
rondunsky@passur.com
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