Jacobs Launches Cloud-based Platform to Improve Asset Management of Airfields

Rhea-AI Summary

Jacobs has launched a new cloud-based platform, Pavy, designed to enhance airfield asset management. Following successful trials worldwide, the platform aims to assist airport operators in making strategic, cost-effective decisions about airfield pavements, especially crucial in light of COVID-19. Developed from principles established at Heathrow Airport, Pavy enables airports to better plan pavement investments and optimize capital expenditures over five years, thereby improving funding requests and balancing costs with performance.

Positive

• Launch of Pavy, a cloud-based asset management platform for airfields.
• Successful trials with airports indicate strong demand.
• Provides strategic, data-driven decision-making capabilities.
• Optimizes capital spending over five years, aiding funding requests.

Negative

• None.

DALLAS, Nov. 23, 2020 /PRNewswire/ -- Jacobs (NYSE:J) has developed a new proprietary cloud-based platform that enables effective asset management of airfields. After a successful trial period with airports around the world, https://pavy.io/ Pavy is being launched to reinvent the way airports manage airfield pavements.

Airfield pavements are complex and extensive, and understanding how they perform is key to planning investment. Now more than ever, with the need to adapt to COVID-19 impacts, airport operators are looking for smarter ways to make strategic, cost-efficient decisions about their most important airfield assets. Built on the insight and experience of a network of aviation and asset management professionals at Jacobs, Pavy is a customizable platform that puts the airport in control, enabling strategic, data-led decisions about airfield investment.

The asset management principles behind Pavy were originally conceived when Heathrow Airport, one of the world's busiest airports, commissioned a team of Jacobs specialists to create a solution to manage its 4 million square meters of airfield pavement.

"We work every day to tackle our clients' toughest challenges, and airfield asset management is a recurring issue in the aviation industry; even more so now, as operators look for more agile ways to manage their operations effectively in response to COVID-19," said Jacobs People & Places Solutions Senior Vice President Europe and Digital Strategies Donald Morrison. "With Pavy, our new cloud-based platform, airports around the globe can better plan pavement investments and prioritize critical interventions."

"The Pavy Solution developed by Jacobs, was born from the Asset Management principles conceived by Heathrow Airport Limited," said Heathrow Airport Senior Engineer Louise Batts. "Jacobs has embraced these principles to create a clear visual platform, utilizing some of the functionality from Heathrow's Decision Support Tool and making it applicable to all airports, whatever their size."

Batts continued: "Pavy, along with Jacobs' consultation support, aims to provide optimized CapEx spend profiles, client decision support and contribute in future airfield pavement planning. Immediate feedback and basic scenario forecasting combined with visual plans, gives Pavy an opportunity to change the field of Airfield Pavement Asset Management. The work Jacobs has done here, and the future of Pavy is really exciting."

Pavy enables airports to harness the power of their data to build stronger business cases for additional funding requests. By showing where investment will be needed over 5-year periods, Pavy provides a strategic decision enabler by connecting engineering and finance teams to help balance costs, risk and performance. For more information about Pavy, watch the video or visit: https://pavy.io/ and follow us on LinkedIn.

At Jacobs, we're challenging today to reinvent tomorrow by solving the world's most critical problems for thriving cities, resilient environments, mission-critical outcomes, operational advancement, scientific discovery and cutting-edge manufacturing, turning abstract ideas into realities that transform the world for good. With $13 billion in revenue and a talent force of more than 55,000, Jacobs provides a full spectrum of professional services including consulting, technical, scientific and project delivery for the government and private sector. Visit jacobs.com and connect with Jacobs on Facebook, Instagram, LinkedIn and Twitter.

Certain statements contained in this press release constitute forward-looking statements as such term is defined in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and such statements are intended to be covered by the safe harbor provided by the same. Statements made in this release that are not based on historical fact are forward-looking statements. We base these forward-looking statements on management's current estimates and expectations as well as currently available competitive, financial and economic data. Forward-looking statements, however, are inherently uncertain. There are a variety of factors that could cause business results to differ materially from our forward-looking statements, including, but not limited to, the impact of the COVID-19 pandemic and the related reaction of governments on global and regional market conditions and the company's business. For a description of some additional factors that may occur that could cause actual results to differ from our forward-looking statements, see our Annual Report on Form 10-K for the year ended September 27, 2019, and in particular the discussions contained under Item 1 - Business; Item 1A - Risk Factors; Item 3 - Legal Proceedings; and Item 7 - Management's Discussion and Analysis of Financial Condition and Results of Operations, and our Quarterly Report on Form 10-Q for the quarter ended June 26, 2020, and in particular the discussions contained under Part I, Item 2 - Management's Discussion and Analysis of Financial Condition and Results of Operations; Part II, Item 1 - Legal Proceedings; and Part II, Item 1A - Risk Factors, as well as the company's other filings with the Securities and Exchange Commission. The company is not under any duty to update any of the forward-looking statements after the date of this press release to conform to actual results, except as required by applicable law.

For press/media inquiries:
Kerrie Sparks
214.583.8433

 

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SOURCE Jacobs

FAQ

What is the purpose of Jacobs' new platform Pavy?

Pavy is designed to improve airfield asset management by enabling strategic, data-led decisions about pavement investments.

When was Pavy launched?

Pavy was launched on November 23, 2020.

Which airport's principles were used in developing Pavy?

The asset management principles behind Pavy were originally conceived by Heathrow Airport.

How does Pavy help airport operators?

Pavy helps airport operators make smarter, cost-efficient decisions regarding airfield pavements, especially in the context of COVID-19.

What company is behind the Pavy platform?

The Pavy platform was developed by Jacobs, listed on NYSE under the symbol J.