NEW HARTFORD, N.Y.—March 1, 2016—PAR Government Systems Corporation, a wholly-owned subsidiary of PAR Technology Corporation (NYSE:PAR), today announced the awarding of a $3.4 million research and development contract with the U.S. Air Force. Under this three and a half-year Air Force Research Laboratory (AFRL) Information Directorate contract, “Integrated Information Management System Cyber Technology Maturation Framework”, PAR Government seeks to develop and sustain a cyber-systems testbed to employ, test, evaluate and transition new cyber defense operating concepts and AFRL Information Directorate developed cyber technology and products. The contract work will be performed by PAR Government’s Intelligence, Surveillance and Reconnaissance (ISR) Sector.
“We are pleased that the Air Force has chosen PAR Government to support their software engineering, testing and evaluation needs. PAR Government will draw upon our staff’s in-depth experience and reputation in Integrated Information Management and Assurance to assist AFRL with their mission” commented Matt Cicchinelli, President of PAR Government. “We look forward to our continuing and expanding partnership with the Air Force Research Laboratory in support of this important program.”
ABOUT PAR GOVERNMENT SYSTEMS CORPORATION
PAR Government, headquartered in Rome, New York, provides Intelligence, Surveillance and Reconnaissance solutions to US Department of Defense, US Government agencies, and private industry. During 40 years of service, PAR Government has earned the reputation for developing high quality products ranging from theoretical and experimental studies to operational capability. For more information, visit www.pargovernment.com.
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. 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.