Par Logistics Management Systems Corporation (Par LMS), a subsidiary of PAR Technology Corporation (NYSE: PTC), today announced that it has entered into an agreement with Target Corporation for Par’s LMS RT-200 monitoring system.
The Par LMS RT-200 system generates the information fleets need to monitor and control reefer temperatures, react and respond to temperature alarms, and optimize logistics and management of cold chain assets and resources. Par’s customizable reporting provides users with the alerts and alarms of reefer temperatures, reefer operability, low fuel, abnormal or excessive fuel use and excessive reefer dwell time.
Par LMS President John W. Sammon III commented, “Par is pleased to announce this significant selection of our RT-200 technology system. This is an important development for our business and is a welcome addition to our cold chain asset management operations portfolio. We are very pleased to have Target Stores as a new customer.”
About Par Logistics Management Systems
Par Logistics Management Systems Corporation (Par LMS) is a subsidiary of PAR Technology Corporation (NYSE: PTC). Par Logistics Management Systems is the premier supplier of visibility to mobile assets throughout North America. Par LMS began in 2000 with a grant from the United States Department of Transportation to develop best in breed tracking systems for all types of assets in the supply chain. Today Par LMS focuses on designing and producing communication technology that provide fleet owners with a larger amount of information about their assets so they can make more informed business decisions. Par LMS provides the managers of refrigerated fleets with more information about their assets throughout the entire cold chain whether it is a trailer or container and over the road or rail. Par has taken this cold chain technology and adapted it for non-refrigerated or mixed fleets and brings the same level of visibility to these fleets over the road or rails. For more information about Par LMS please visit www.parlms.com
About PAR Technology Corporation
PAR Technology Corporation creates and markets products that help hospitality operators around the world to better manage money, materials, people and the guest experience. PAR has provided hardware, software and services to the world’s largest restaurant chains and their franchisees for almost 30 years. Today the Company’s extensive offering includes technology solutions for the full spectrum of hospitality operations, from boutique hotels and independent table service restaurants to international QSR chains, all backed by PAR’s global service network. The Company has over 50,000 installations in more than 105 countries worldwide. PAR is also a leader in providing computer-based system design and engineering services to the Department of Defense and Federal Government Agencies. PAR Technology Corporation’s stock is traded on the New York Stock Exchange under the symbol PTC. For more information visit the Company’s website at www.partech.com.