STOCK TITAN

PASSUR Aerospace Appoints Kurt Ekert as Non-Executive Vice Chairman

Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Very Positive)
Tags
management
Rhea-AI Summary

PASSUR Aerospace has appointed Kurt Ekert as non-executive Vice Chairman, joining forces with CEO Brian Cook to explore growth capital opportunities. This leadership change comes as PASSUR transitions into a SAAS company, marked by the debut of the ARiVA technology platform, which enhances situational awareness for aviation experts. Ekert aims to leverage his experience to unlock the company's potential, which is positioned for strong growth in the aviation sector.

Positive
  • Appointment of Kurt Ekert as non-executive Vice Chairman brings industry expertise.
  • Focus on raising investment capital for growth initiatives.
  • Launch of ARiVA technology platform to enhance service offerings.
Negative
  • Possible concerns about continuity and experience gaps with management changes.

STAMFORD, Conn., July 19, 2021 /PRNewswire/ -- Long-time PASSUR board member Kurt Ekert has been appointed non-executive Vice Chairman of the company. In partnership with CEO Brian Cook, Ekert will focus on exploring opportunities to raise additional investment capital for growth.

"Over the past two years, PASSUR has undergone a material transformation in becoming a SAAS company with a new value proposition, highlighted by the recent launch of the ARiVA* technology platform," stated Ekert. "I'm eager to work with Brian and the Board to help unlock PASSUR's great potential."

*ARiVA provides situational awareness and decision support for aviation professionals on a single collaborative platform. Learn more about ARiVA here.

"PASSUR is poised for strong growth," stated PASSUR CEO Brian Cook. "We welcome the expertise and industry acumen that Kurt brings and look forward to PASSUR maximizing its opportunities."

Learn more about Ekert's experience here.

About PASSUR® Aerospace, Inc.

PASSUR Aerospace, Inc. (OTC: PSSR) is the operations platform of choice for aviation experts, offering a unique combination of global data, decision support, and subject matter expertise solutions to improve operational efficiencies. Our platform and people help deliver actionable-data and user-friendly tools to corporate and operations leadership. Specifically, PASSUR products identify creative ways to minimize and eliminate bottleneck capacity constraints, react to irregular operations (IROPS), restart operations after an interruption in service, and enhance the efficiency of the daily schedule. Our collaborative framework uniquely enhances data sharing, communications, and decision-making within and between stakeholders in an operations ecosystem. PASSUR provides its solutions to the largest airlines and airports globally including in the United States, Canada, and Latin America.

Visit PASSUR Aerospace's website at www.passur.com for updated products, solutions, and news.

 

Contact:

Media:

Evee Burgard

VP Marketing

(310) 995-0313

314566@email4pr.com               

Investor Relations:

Sean Doherty

Executive VP Finance and Administration

(226) 338-0969

314566@email4pr.com  

 

Cision View original content:https://www.prnewswire.com/news-releases/passur-aerospace-appoints-kurt-ekert-as-non-executive-vice-chairman-301335546.html

SOURCE PASSUR Aerospace

FAQ

What is the significance of Kurt Ekert's appointment at PASSUR?

Kurt Ekert's appointment as non-executive Vice Chairman signifies a strategic move to leverage his industry expertise for raising growth capital.

How does the ARiVA platform impact PASSUR's business?

The ARiVA platform enhances operational efficiency and decision-making for aviation professionals, aligning with PASSUR's new SAAS business model.

What are PASSUR's growth plans following the leadership change?

Following the leadership change, PASSUR aims to explore investment opportunities and leverage its technology for strong growth.

What challenges may PASSUR face with the new management structure?

Potential challenges include continuity issues and experience gaps due to the management changes.

PASSUR AEROSPACE INC

OTC:PSSR

PSSR Rankings

PSSR Latest News

PSSR Stock Data

77.12k
2.93M
60.96%
Aerospace & Defense
Industrials
Link
United States of America
Stamford