PAR TECHNOLOGY SUBSIDIARY ANNOUNCES NEW $5.0 MILLION CONTRACT WITH AIR FORCE RESEARCH LABORATORY IN ROME, NEW YORK

NEW HARTFORD, N.Y.—September 14, 2016—PAR Government Systems Corporation, a wholly-owned subsidiary of PAR Technology Corporation (NYSE: PAR), today announced an award of a $5.0 million research and development contract with the U.S. Air Force.

Under the three-year Air Force Research Laboratory (AFRL) Information Directorate contract, “Special Tactics Tactical Assault Kit (ST-TAK)”, PAR Government will develop and deploy innovative geospatial situational awareness solutions on mobile devices to effectively manage information used for military operations to include secure connectivity for data dissemination.  The contract work will be performed by PAR Government’s Intelligence, Surveillance and Reconnaissance (ISR) Sector.

“We are pleased that AFRL has selected PAR Government to support the ST-TAK program.  PAR Government will leverage our extensive experience in mobile device computing along with geospatial expertise to provide the Air Force with a world class innovative solution,” 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 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. For more information visit https://www.partech.com or connect with us on Facebook and @PAR_Tech.

 

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