NEW HARTFORD, N.Y.—July 12, 2016—PAR Government Systems Corporation, a wholly-owned subsidiary of PAR Technology Corporation (NYSE: PAR), today announced an award of a $5.1 million research and development contract with the U.S. Air Force. Under this five year Air Force Research Laboratory (AFRL) Information Directorate contract, “Newport Radio Frequency Communications Research and Development (NewRAD)”, PAR Government will perform Research Development Test and Evaluation (RDT&E) activities to accomplish Radio Frequency technical program requirements for operational airframes, aircraft, vehicles, and weapon systems tests in response to Air Force and other DoD components. The contract work will be performed by PAR Government’s Intelligence, Surveillance and Reconnaissance (ISR) Sector.
“We are pleased that AFRL has chosen PAR Government to support the NewRAD program. PAR Government will draw upon our staff’s extensive experience and in-depth knowledge in signals and antenna theory in the performance of this effort,” commented Matt Cicchinelli, President of PAR Government.
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 Government Business segment provides 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 Business segment is a leading provider of restaurant and retail technology. Visit www.partech.com for more information or connect with PAR on Facebook at www.facebook.com/parpointofsale or Twitter at www.twitter.com/Par_tech.