PASSUR Aerospace Signs Exclusive Agreement to Support L3Harris Symphony® for Airports Suite of Products

Rhea-AI Summary

PASSUR Aerospace has secured an exclusive, perpetual license to market and support L3Harris Symphony® for Airports products. This acquisition allows PASSUR to enhance its offerings by integrating Symphony's tools, which assist airport operations in management, noise monitoring, and analytics. With this agreement, PASSUR will now oversee support for over 120 commercial airport contracts, establishing itself as a leader in flight tracking and airport data services. The CEO stated this addition significantly broadens PASSUR’s market reach, promising enhanced service capabilities for its expanded customer base.

Positive

• Acquired exclusive, perpetual license for L3Harris Symphony® for Airports, enhancing product portfolio.
• Now supports over 120 commercial airport contracts, solidifying market leadership.
• Integration of advanced tools for airport operations, improving service capabilities.

Negative

• None.

Combined product portfolio will deliver the most comprehensive and advanced airport operations software and data services offering to commercial aviation

ORLANDO, Fla., Feb. 28, 2023 /PRNewswire/ -- PASSUR Aerospace, Inc. (PASSUR) announced that it has acquired an exclusive, perpetual use license to market, sell and support the L3Harris Symphony® for Airports suite of products. Under the terms of the Agreement, PASSUR will assume responsibility for existing Symphony® for Airports customers and align products with existing PASSUR solutions to offer more comprehensive solutions to customers.

PASSUR aggregates data from the world's largest Automatic Dependent Surveillance – Broadcast (ADS-B)  network, including over 55,000 terrestrial ADS-B sensors, a global space-based satellite ADS-B network, weather feeds, air navigation service provider,  airline and airport operator data. Using machine learning / artificial intelligence  driven forecasting and predictions, PASSUR provides airport and airline operators with solutions for real-time situational awareness, decision support, collaboration and surface management. PASSUR's ARiVA platform also provides airfield workflow optimization modules for aircraft tows, surface movement sequencing and gate management.

The Symphony® for Airports suite delivers an integrated aviation software solution set for airport operators with tools that assist in the proactive management of airfield operations, irregular operations, aircraft noise monitoring and community engagement, airside vehicle tracking, traffic flow monitoring and airport analytics. 

"The addition of Symphony products significantly increases the depth and breadth of our portfolio, and our reach in the airport market," said Brian Cook, Chief Executive Officer of PASSUR Aerospace.  "We are excited for the opportunity to bring unmatched capability and service to our combined customer base." 

As a result of this agreement, PASSUR will provide support to over 120 commercial airport contracts, making PASSUR the market leader in flight tracking, airport collaborative-decision-making, noise operations management, flight data services and landing fee management.

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 knowledge-based approaches to minimize and eliminate bottleneck capacity constraints, mitigate irregular operations (IROPS), recover operations after a disruption or 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.

Media contact:
Ron Dunsky, 9175879672
354519@email4pr.com

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SOURCE PASSUR Aerospace

FAQ

What is the significance of PASSUR Aerospace acquiring the L3Harris Symphony® for Airports?

The acquisition allows PASSUR to enhance its airport operations software offerings and support over 120 commercial airport contracts.

How will the Symphony® for Airports suite impact PASSUR's market position?

It positions PASSUR as a market leader in flight tracking and data services, broadening their reach in the airport sector.

What products does PASSUR Aerospace offer following the acquisition?

PASSUR offers advanced tools for airfield operations, aircraft noise monitoring, traffic flow monitoring, and detailed airport analytics.

When was the agreement between PASSUR Aerospace and L3Harris announced?

The agreement was announced on February 28, 2023.