PAR Technology Announces $7.9 Million U.S. Navy Contract Award

New Hartford, NY- April 3, 2014 — PAR Technology Corporation (NYSE:PAR) today announced that the U.S. Navy has awarded its subsidiary, Rome Research Corporation (RRC), a five-year $7.9 million contract to provide 24/7/365 operation and maintenance support services at the Naval Computer and Telecommunications Area Master Station Detachment LaMoure, North Dakota. The Det LaMoure station serves as a versatile swing site for broadcast operations and an operational site to mitigate downtime at other transmitter facilities in the Arctic, Atlantic or Pacific areas of responsibilities, and consists of a 1200’ monopole base insulated antenna, 100’ communications tower, transmitter building housing the VLF transmitter and control system, and other facilities.

Stephen Lynch, President of PAR’s Government Operations commented on the award, “The Navy’s LaMoure VLF facility is an important link in the overall Submarine and DoD communications network. I am pleased that the Navy has selected our Company to provide these services which are vital to the national defense. We look forward to supporting the United States Navy submarine fleet.”

The VLF transmitter is a solid state amplifier developed under the Solid State Power Amplifier Replacement (SSPAR) program. VLF technology, the radio spectrum between 3 kHz and 30 kHz, has been used for naval submarine communications since the 1950’s. The VLF system is the most reliable form of long distance and underwater communications ever developed, even under the most adverse conditions. The VLF signals can penetrate solid rock and the ocean surface, both of which block radio waves at higher frequencies.

ABOUT PAR TECHNOLOGY
PAR Technology Corporation’s stock is traded on the New York Stock Exchange under the symbol PAR. PAR’s Hospitality segment has been a leading provider of restaurant and retail technology for more than 30 years. PAR offers technology solutions for the full spectrum of restaurant operations, from large chain and independent table service restaurants to international quick service chains. PAR’s Hospitality business also provides hotel management systems with a complete suite of powerful tools for guest management, recreation management, and timeshare/condo management. In addition, PAR offers the spa industry a leading management application specifically designed to support the unique needs of the resort spa and day spa markets, a rapidly growing hospitality segment. Products from PAR also can be found in retailers, cinemas, cruise lines, stadiums and food service companies. PAR’s Government Business is a leader in providing computer-based system design, engineering and technical services to the Department of Defense and various federal agencies. Visit www.partech.com for more information.
###