– Largest Contract Award in Company’s History –
NEW HARTFORD, N.Y.—October 22, 2013 — PAR Government Systems Corporation (PGSC), a subsidiary of PAR Technology Corporation (NYSE:PAR), recently was awarded a technology integration contract by the U.S. Army Contracting Command/Aberdeen Proving Ground (ACC/APG) Natick Contracting Division in support of U.S. warfighters and coalition partners to provide advanced Intelligence, Surveillance and Reconnaissance (ISR) solutions. The indefinite delivery/indefinite quantity (IDIQ) task order contract has a performance period of three years and a total contract value of $85 million. This contract is the largest award in the Company’s history.
This task order contract provides a rapid response capability for technologies to be transitioned to forward theaters of operation for both U.S. military and Coalition warfighters. PAR Government has been working with the Natick Contracting Division and the U.S. Air Force Life Cycle Management Center (AF LCMC), Battle Management Directorate, Force Protection Division to streamline the transition of near-ready, ready and working technologies to the warfighter.
“PAR is pleased to have been selected to provide advanced ISR solutions in response to urgent mission needs. We pride ourselves on customer satisfaction and understand the critical role we play in supporting our operational customers with transition and integration of emerging state of the art technology in support their requirements,” commented Steve Lynch, PGSC President. “PAR is gratified to assist our operational customers with the transition and integration of emerging, state of the art technologies to support their missions. PAR continues to provide valuable solutions in response to the critical needs of our customers.”
ABOUT PAR TECHNOLOGY
PAR Technology Corporation’s stock is traded on the New York Stock Exchange under the symbol PAR. PAR has two primary businesses, Hospitality Technology and Government Technical Solutions. PAR’s Government Business has 40+ years of experience in providing solutions and products for the geospatial intelligence community and highly-specialized technical services to the Department of Defense and various federal agencies. PAR’s Hospitality Technology business is a leading solution provider of systems for the Restaurant, Hotel and Spa industries. PAR solutions support the full spectrum of restaurant operations, from large chain and independent table service restaurants to international quick service chains. PAR’s solutions also provide powerful tools for hotel and spa guest management, recreation management, and timeshare/condo management. In addition, products from PAR also can be found in retailers, cinemas, cruise lines, stadiums and food service companies. Visit www.partech.com for more information.