ICEQUITY
13 years ago
$PSSR PASSUR Aerospace (OTC:PSSR) Reports $11M 2010 Revenue
Date: February 1, 2011 8:46 AM
Publisher: Bolton Flautt
Source: Bolton Flautt, AP, Bloomberg, Reuters
Categories: Editors Choice, Editors Desk
Tags: Equities.com, PSSR
PASSUR Aerospace (OTC:PSSR) announced a revenue increase of 22% to $10,958,000 for the year ended October 31, 2010, compared to $8,960,000 in FY2009. Operating profit for FY2010 was up approximately 14% to $1,443,000, compared to $1,271,000 in FY2009. Net Income was $21,000 or $0.00 per diluted share, compared to $154,000 or $0.03 per diluted share in FY2009. PASSUR has a share price of $2.90 per share and trades on very light volume.
"2010 was an important milestone year for PASSUR - all of our key company metrics improved and the sales growth we realized in all areas of our business represents strong customer demand for our business intelligence and predictive analytics programs and could not have been possible without the investments we've made in the past several years - with over $1 million invested in new product development in 2010," said Jim Barry, PASSUR Aerospace's President & CEO.
"We really like the way our business model is working. PASSUR has spent more than ten years building what we believe is the largest private radar network in the world with over 150 locations. We have coupled the network with unique software designed to solve problems, save money, and, most importantly, enhance the level of customer service in the $20 billion-plus U.S. market for airline delays and cancellations," said G.S. Beckwith Gilbert, PASSUR Aerospace's Chairman of the Board.
PASSUR Aerospace is a business intelligence 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 6 of the top 7 North American airlines), all 5 of the top hub carriers, more than 50 airport customers (including 10 of the top 15 North American airports), and approximately 200 corporate aviation customers, as well as the U.S.
http://www.worldmarketmedia.com/779/section.aspx/2940/post/passur-aerospace-otcpssr-reports-11m-2010-revenue
INDY
16 years ago
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 world-wide, 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.
INDY
16 years ago
NEWS DATED 8/6/08:
Galaxy Aviation Upgrades Its Entire FBO Network to PASSUR(R) Fuel Portal
GREENWICH, Conn., Oct 06, 2008 /PRNewswire-FirstCall via COMTEX/ -- PASSUR Aerospace, Inc. (OTC Bulletin Board: PSSR) announced today that Galaxy Aviation has contracted for PASSUR Fuel Portal(TM) across its network of FBO's.
"This is an important upgrade for Galaxy, allowing us to further serve our customers by anticipating their fuel need before they arrive, and provide the right fuel price at the right time," said Brett Greenberg, Executive Vice President of Galaxy Aviation. "We've been using PASSUR FBO for years -- it's a terrific product -- and this upgrade to Fuel Portal will further extend the value we get out of the program."
"PASSUR Fuel Portal is a real innovation in fuel pricing and we're pleased that Galaxy Aviation -- one of the country's elite FBO networks -- has purchased this significant enhancement," said Jim Barry, president and CEO of PASSUR Aerospace.
PASSUR Fuel Portal(TM) provides the latest advances in pricing fuel and maximizing volume for any organization selling fuel in the corporate market. Organizations can now instantly access relevant customer information to determine the right price based on live and historical customer behavior, and the maximum potential volume sale based on a sophisticated uplift algorithm. As with other PASSUR products, this new module combines the most accurate information with innovative decision support technology to improve the financial performance of our customers.
RonnieD
16 years ago
February 22, 2008 - 8:00 AM EST
Little Rock National Airport Contracts for PASSUR(R) Landing Fee Management and Operations Control Solutions
GREENWICH, Conn., Feb. 22 /PRNewswire-FirstCall/ -- Megadata Corporation (OTC Bulletin Board: MDTA) announced today that Little Rock National Airport (LIT) has purchased subscriptions to the audit module of the PASSUR Landing Fee Management Program, as well as to PASSUR Portal(TM) to support live operations control. These PASSUR solutions help airports maximize revenue through strengthened control over landing fees, and achieve cost savings and superior operational performance through the most accurate operational status, and instant communications and coordination.
'PASSUR is about putting airports in the driver's seat,' said Ronald F. Mathieu, Interim Executive Director, Little Rock National Airport. 'It will give us an unprecedented level of precision and control over our landing fee program, while ensuring the highest level of fairness and transparency for our carriers. The PASSUR program also contributes to our mandate for operational excellence and customer care, through the most accurate real time flight status and operational metrics.'
'Airports need independent control over their own financial and operational information -- it's how they control their destiny,' said Jim Barry, Megadata's president and CEO. 'Little Rock National Airport has completely understood that wisdom, and we welcome them to the PASSUR family of like-minded airports.'
The PASSUR Landing Fee Management Program allows airports to take effective control over this critical piece of their revenue stream. It provides a clear, defined path for airports to follow -- from auditing, to online billing to replace airline self-reporting, and a complete professional services support package. The PASSUR Landing Fee Audit Module gives airports access to the most complete, accurate and timely activity reports of arrivals and departures, based on the PASSUR radar record and integrated database of flight information, including detailed owner/operator information, maximum certificated weights by tail number, seat configurations, runway utilization, and other details in aggregate and by individual flight. There is no equivalent product on the market today.
PASSUR Portal(TM) provides a live snapshot of vital operational information on a 'web dashboard' which combines multiple information sets derived from the one-of-a-kind PASSUR database, and tools for coordination, communication and consistent information sharing among all users.
Megadata 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 33 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 aviation organizations. Megadata offers unique user-friendly information as well as decision algorithms which provide innovative commercial air traffic solutions to more than 50 airports, including 8 of the top 10 U.S. airports; dozens of airlines, including 7 of the top 10 U.S. airlines; and more than 150 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 Megadata's web site at http://www.passur.com for updated products, solutions and PASSUR 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 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 10-K.
Contact:
Ron Dunsky
(203) 622-4086
(917) 587-9672
rondunsky@passur.com
SOURCE Megadata Corporation
Source: PR Newswire (February 22, 2008 - 8:00 AM EST)
News by QuoteMedia
www.quotemedia.com
RonnieD
17 years ago
October 1, 2007 - 7:31 AM EST
Kansas City International Airport Purchases PASSUR Landing Fee Management Program
To Enhance Accuracy, Completeness of Landing Fee Collection
GREENWICH, Conn., Oct. 1 /PRNewswire-FirstCall/ -- Megadata Corporation (OTC Bulletin Board: MDTA) announced today that Kansas City International Airport has purchased a subscription to PASSUR(R) Pulse(TM). One of the key areas of planned benefit is increased capture of landing fee revenue.
'Traffic is up over 8% year over year so proper landing fee collection is critical,' said Eric Clevenger, CFO of Kansas City International Airport. 'Since we operate like a private business, complete, equitable and transparent landing fee collection from PASSUR is smart, both to keep our airline customers happy and our revenue stream healthy. We're also hoping to reduce the costs for our large airlines through the implementation of PASSUR's landing fee management program.'
'Complete, fast collection of landing fees is a must for airports, and we're pleased Kansas City Airport is among the leaders in the industry,' said Jim Barry, President and CEO of Megadata, which owns PASSUR.
PASSUR Pulse gives airports access to the most complete, accurate and timely activity reports of arrivals and departures, based on the PASSUR radar record and integrated database of flight information, including detailed owner/operator information, maximum certificated weights by tail number, seat configurations, runway utilization, turn times, and other details in aggregate and by individual flight.
About Megadata
Megadata 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 70 airports world-wide, including 33 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 aviation organizations. Megadata offers unique user friendly information as well as decision algorithms which provide innovative commercial air traffic solutions to more than 50 airports, including 8 of the top 10 U.S. airports; dozens of airlines, including 7 of the top 10 U.S. airlines; and more than 150 corporate aviation customers, as well 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 Megadata's web site at http://www.passur.com for updated products, solutions and PASSUR 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, 2006 Form 10-K, and the July 31, 2007 10-Q.
Contact:
Ron Dunsky
(203) 622-4086
(917) 587-9672
rondunsky@passur.com
SOURCE Megadata Corporation
Source: PR Newswire (October 1, 2007 - 7:31 AM EST)
News by QuoteMedia
www.quotemedia.com
Vitamin DD
17 years ago
NEWS: TAG Aviation, one of the largest charter providers in the United States, has signed an agreement for multiple PASSUR products, to include PASSUR Portal(TM) and PASSUR inSight(TM).
"We're experiencing record growth at TAG, and providing superior service to our customers is a critical part of that success; PASSUR's solutions provide us information that clearly helps us improve and differentiate the value we offer to our customers," said Paul Class, Vice President of TAG's Charter Sales and Flight Coordination. Added Brent Moldowan, head of TAG's US Operations Dispatch: "When using PASSUR products, you can immediately see the difference from other tools ... from holding alerts, to ATC delays, to making decisions on a missed approach, the PASSUR solutions provide a host of information that allows our important passengers in the back of the plane to be served with better information from our flight and ground operations teams."
"TAG is an industry leader and we're pleased we can address their requirements with tools that have been honed, and are currently used by, the leading airlines in the world, but targeted to TAG's and charter operators' specific requirements," said Jim Barry, President and CEO of Megadata, which owns PASSUR.
PASSUR Portal is at the heart of the PASSUR Collaborative Decision Making approach, providing an instant, live snapshot of vital operational information on a "web dashboard" of multiple information sets derived from the one-of-a- kind
PASSUR database, and tools for instant information sharing and communication among all users. Portal is the main access point for all other PASSUR web services.
PASSUR inSight is the only web-based flight following program that combines national en route flight tracking with precision, terminal-area tracking from the PASSUR network of radar, along with a next-generation graphics engine for real-time tracking and aircraft movement, and the renowned PASSUR ETA.
About TAG Aviation
TAG Aviation is a network of companies providing worldwide personal air travel solutions. In the US, TAG Aviation USA, Inc. offers aircraft management, acquisition and sales, charter sales services and aviation consulting. TAG Aviation USA acts as an agent for marketing and selling charter flights on aircraft operated by AMI Jet Charter, Inc., an FAA certified and DOT registered air carrier. TAG Aviation is a Trademark of TAG Aviation Holding S.A.
Vitamin DD
17 years ago
MDTA announced today that one of the largest hub airports in the world, Dallas Fort Worth International Airport, has purchased enterprise-wide subscriptions to multiple programs and modules of the PASSUR(R) suite of airport solutions, for use in airport finance, public information/passenger services, operations control, emergency management, airport planning and marketing. Application software to be used includes PASSUR Portal(TM), PASSUR Pulse(TM), PASSUR inSight(TM), and PASSUR RightETA(TM). One of the key areas of planned benefit is increased capture of landing fee revenue.
"PASSUR is a terrific partner for our airport as we move to assuming greater control of services for our customers and users, and operate under industry-leading business practices," said Chris Poinsatte, Executive VP Finance and CFO, Dallas Fort Worth International Airport. "Certainly the issue of landing fee management, in terms of getting much better control and visibility into our revenues, and providing a higher level of predictability, transparency and service to our signatory users, was a big factor. But just as important is the more accurate FIDS information we'll be providing, and the instant collaborative decision making capabilities for our Airport Operations Center and Emergency Operations Center. The sheer number of different business areas we can affect positively with PASSUR was an important factor in our decision to partner with them."
"DFW is an industry leader and trendsetter, so we're thrilled to have been selected to partner in areas they have identified as critical to their ongoing growth and success," said Jim Barry, President and CEO of Megadata, which owns PASSUR. "They have clearly seen the benefits of our larger strategy, which is to have PASSUR solutions directly impact economic decisions, while at the same time diversifying to benefit many different areas of the airport enterprise - making the choice to move forward with us that much easier."
Some of the ways PASSUR will be used at Dallas Fort Worth International Airport are:
-- Increased landing fee capture with less effort, and transparent and
equitable distribution of the landing fee among all operators, as a
service to the major airport users - and the tools to replace airline
self-reporting with instant online landing fee reports provided by the
airport to the carriers, at a later stage.
-- Better decision making for airport managers and emergency
coordinators through accurate and complete airport information, such
as PASSUR ETAs, runway information, and visual flight following.
-- Quicker response times during regular and irregular operations through
instant communications on Portal Collaborative Decision Making tools.
-- Accurate public information by providing the most precise real-time
flight status.
-- Matching demand to capacity, both in real time and in planning mode,
through visibility into critical usage metrics such as runway
utilization, dwell time, on-times, fleet mix, detailed O and D
statistics, via online reports.
PASSUR Pulse Audit module gives airports access to the most complete, accurate and timely activity reports of arrivals and departures, based on the PASSUR radar record and integrated database of flight information, including detailed owner/operator information, maximum certificated weights by tail number, seat configurations, runway utilization, dwell times, and other details in aggregate and by individual flight.
PASSUR Pulse Proactive Billing module allows airlines to log onto a secure website to view and download their landing fee reports, automatically generated by the PASSUR database of flight information. The program is hosted by Megadata and managed through online tools by the airport, including detailed reporting and invoicing tools, automatic aircraft weight calculations, and detailed owner/operator and aircraft information by flight.
PASSUR Portal is at the heart of the PASSUR Collaborative Decision Making approach, providing an instant, live snapshot of vital operational information on a "web dashboard" of multiple information sets derived from the one-of-a- kind PASSUR database, and tools for instant information sharing and communication among all users. Portal is the main access point for all other PASSUR web services.
PASSUR inSight is the only web-based flight following program that combines national en route flight tracking with precision, terminal-area tracking from the PASSUR network of radar, along with a next-generation graphics engine for real-motion tracking and aircraft movement and the renowned PASSUR ETA.
PASSUR RightETA provides the most accurate arrival information for airport FIDS programs. 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.
PASSUR AODB Feeds derived from the integrated PASSUR database to support multiple airport operational and financial systems, such as invoicing/accounts receivable, activity statistics, and gate management systems.
About Megadata
Megadata owns and operates PASSUR, a national network of multiple, live flight information sources feeding a single, integrated database known for independent, complete, timely, and accurate information and solutions for the aviation industry. It includes the unique network of PASSUR radar installations in the US, Canada, Europe, and Asia. The company's principal business is the delivery of data, application software, and web-delivered collaborative decision tools to the aviation industry and organizations that serve, or are served, by the aviation industry. Megadata distributes its products through a direct sales force, and through premier aviation decision- support technology firms.
Visit Megadata's web site at http://www.passur.com for updated products, solutions and PASSUR news.
Vitamin DD
18 years ago
Another outstanding PR!
http://www.marketwatch.com/News/Story/Story.aspx?guid=%7B00E72591%2D4361%2D481C%2DB6B3%2DA54FFC68363...
Business Jet Center Signs PASSUR FBO Contract
One of the Country's Largest, Most Prestigious FBOs with State-of-the-Art Facilities
9:00 AM ET Oct 18, 2006
GREENWICH, Conn., Oct 18, 2006 /PRNewswire-FirstCall via COMTEX/ -- Megadata Corporation
MDTA announced today that Business Jet Center has signed an agreement for PASSUR FBO, for both the Dallas and Oakland facilities, to include PASSUR Portal(TM), Pulse(TM), and PASSUR inSight(TM) to manage operations and marketing.
"We have some of the most state-of-the-art facilities in the United States, which set new standards in customer service. PASSUR FBO fits right into our philosophy of meeting and exceeding customer expectations," said Stephanie Jordan, General Manager of Business Jet Center. "We've conducted a full 'due diligence' on PASSUR capabilities, and we believe they have the product, service, and reputation which justifies our purchase - we're extremely pleased to be a part of their program."
"Business Jet is a trend setter and an elite FBO, so we're very pleased they decided to come aboard with PASSUR FBO. We look forward to meeting their exacting standards in the years to come," said Jim Barry, Megadata President and CEO.
PASSUR Portal is at the heart of the PASSUR Collaborative Decision Making approach, providing an instant, live snapshot of vital operational information on a "web dashboard" of multiple information sets derived from the one-of-a- kind PASSUR database, and tools for instant information sharing and communication among all users. Portal is the main access point for all other PASSUR web services.
PASSUR Pulse gives aviation organizations access to the most complete, accurate and timely activity reports based on the PASSUR database of flight information, including detailed owner/operator information.
PASSUR inSight is the only web-based flight following program that combines national en route flight tracking with precision, terminal-area tracking from the PASSUR network of radar, along with a next-generation graphics engine for real-motion tracking and aircraft movement, and the renowned PASSUR ETA.
Vitamin DD
18 years ago
Landmark Aviation Implements State-of-the-Art PASSUR Software for Extensive Network of FBOs
Update: 9:00 AM ET Oct 16, 2006
GREENWICH, Conn., Oct 16, 2006 /PRNewswire-FirstCall via COMTEX/ -- Megadata Corporation (MDTA : megadata corp com
MDTA announced today that Landmark Aviation has implemented the PASSUR FBO software suite across its fixed base operation (FBO) network in the United States and Canada.
"Landmark has made a significant investment in the PASSUR technology as part of our strategic plan to enhance the FBO experience for our customers," said Shawn Vick, President, Landmark Aviation. "Standardized information is essential for a large FBO chain and PASSUR will enable us to make sure that this information is used to its maximum advantage."
Jim Barry, President and CEO of Megadata, which owns PASSUR, said, "Landmark is a premium brand with great people. We're pleased to be a part of their ambitious growth plans."
Tom O'Halloran, Megadata's Director of Corporate Aviation, added, "From customer and line service representatives to the general managers and marketing staff, PASSUR tools are now available to those within the Landmark Aviation FBO team, making Landmark one of the first large FBO chains to invest in technology that will improve the customer service experience."
PASSUR FBO employs a proprietary database powered by a network of passive radar systems based throughout the U.S. and abroad. It offers real-time Web- based flight tracking, providing the FBO with a detailed list of inbound and departed aircraft.
The software is focused on enhanced customer service and line operations through pinpoint prediction of arrival times and real-time customer data from multiple integrated data sources, including the radar network and database. It also provides a detailed archive of activity for unique customer tracking.
The software provides an extremely accurate ETA - the underlying data is updated every 4.6 seconds, and processed through unique flight tracking algorithms - allowing FBO customer service representatives to make sure the proper equipment is in place prior to arrival.
PASSUR FBO also offers a real-time link to airport operations, where available, so that the FBO and airport operations personnel can coordinate arrivals and departures.
Additional information about Landmark Aviation is available at http://www.LandmarkAviation.com.
Landmark Aviation, formerly known as Garrett/Piedmont Hawthorne/Associated, is one of North America's largest providers of comprehensive services for the business aviation industry. Serving 43 locations in North America, the company offers a full range of fixed base operations; maintenance, repair and overhaul; aircraft charter, sales and management; and large aircraft completions. Landmark Aviation is headquartered in Tempe, Ariz. Landmark Aviation is a portfolio company of The Carlyle Group.
http://www.marketwatch.com/News/Story/Story.aspx?guid=%7B33A851E8%2DE60E%2D454F%2D8704%2D17F3099F1AA....
Vitamin DD
18 years ago
ExxonMobil Avitiation News!
News of 10-10-06
http://www.marketwatch.com/News/Story/Story.aspx?guid=%7B5544C03F%2D3A38%2D4575%2DAC47%2DF59D936915E....
Megadata Develops Networking Tool for Aviation Industry Leader 'Avitat Networking' Software Will Focus on Superior Customer Service Throughout the Worldwide Avitat Network
Update: 9:00 AM ET Oct 10, 2006
GREENWICH, Conn., Oct 10, 2006 /PRNewswire-FirstCall via COMTEX/ --
Megadata Corporation: MDTA 3.30, +0.05, +1.5%) announced today that ExxonMobil Aviation's award-winning FBO Network, Avitat, will be using Megadata's PASSUR FBO software suite as the basis of a software program to further enhance the service Avitat customers have come to expect. The initiative driving this upgraded tool is called "Avitat Networking"; exclusive to the Avitat family of FBOs, it includes many customized software enhancements to the PASSUR FBO suite.
As leaders in the aviation industry, the Avitat network continually seeks opportunities to provide better service. Recognizing the need for a software suite that could package flight tracking with data storage, Avitat called on Megadata's PASSUR modules to assist customer service and line operations in their day-to-day tasks; the result is a smoother FBO experience for the customer.
"The ExxonMobil-Avitat team had a strong vision of how the existing customer service capabilities of our PASSUR FBO suite could be modified and expanded to take the Avitat network to new levels of service and brand recognition," said Jim Barry, Megadata's President and CEO. "Central to the whole effort is the key insight that large FBO associations and chains are in fact service networks, with shared customers, resources, and strategies of efficiency. A major software tool was needed to link all those together, which is the goal of Avitat Networking powered by PASSUR."
Avitat's name is synonymous with service, and with the enhancements and new modules being developed for Avitat by Megadata, the company would have a greater ability to leverage the worldwide FBO brand and provide a superior customer service experience.
About Megadata
Megadata owns and operates PASSUR, a national network of multiple, live flight information sources feeding a single, integrated database known for independent, complete, timely, and accurate information that services the aviation industry. It includes the unique network of PASSUR radar installations in the US, Canada, Europe, and Asia. The company's principal business is the delivery of flight information, application software, and web-delivered collaborative decision tools to the aviation industry and organizations that serve, or are served, by the aviation industry. Megadata distributes its products through a direct sales force, and through premier aviation decision-support technology firms.
Visit Megadata's web site at http://www.passur.com for updated products, solutions and PASSUR news.
Trade smarter, not harder: Unleash your inner pro with our toolkit and live discussions.
ElementaryValue
3 years ago
grybuck
11 years ago
Keech63
11 years ago
pnnymn
17 years ago
Hot Features
Premium
