PAR Technology Subsidiary Announces $6.8 Million
U.S. Navy Contract Award in Lago Patria, Italy
NEW HARTFORD, N.Y.--(BUSINESS WIRE)-- Rome Research Corporation (RRC), a subsidiary of PAR Technology Corporation (NYSE:PAR), today announced that the U.S. Navy awarded the company a contract to provide Teleport Commercial Satellite Terminal services at the Global Information Grid (GIG) facility in Lago Patria, Italy. The value of the contract is $6.8 million. RRC operates similar facilities for the Navy at Chesapeake, Va., and for the Army in Landstuhl, Germany, and at Camp Roberts in California.
We are pleased that the Navy has selected Rome Research Corporation once again to support their I/T communications mission in Lago Patria, Italy. PARs expertise and knowledge in operating teleport systems at this and other locations, as well as its ability to provide experienced personnel at the lowest cost, were key factors in the award decision, commented Steve Lynch, President of PARs Government Operations. We look forward to continuing to support the Navys communications mission at Lago Patria.
The GIG is the global network of information capabilities, processes and personnel for collecting, processing, storing, disseminating and managing information on demand for use by military commanders, policy makers and support personnel. The grid supports Department of Defense (DoD), national security and related intelligence community missions and functions (strategic, operational, tactical and business) in war and in peace. The GIG provides capabilities to operating locations that include bases, posts, camps, stations, facilities, mobile platforms and deployed sites. It also provides interfaces to coalition, allied and non-DoD users and systems.
Rome Research Corporation, headquartered in Rome, New York, is a telecommunications and information technology services company that provides on-site support to the U.S. Department of Defense and other federal government agencies. RRC has 40 years of experience, with operations at 25 locations worldwide. For more information, visit www.romeresearch.com.
ABOUT PAR TECHNOLOGY (PTC)
PAR Technology Corporation's stock is traded on the New York Stock Exchange under the symbol PAR. PARs 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. PARs Hospitality business also markets hotel management systems that provide a complete suite of powerful tools for guest management, recreation management, and timeshare/condo management. In addition, PAR provides the spa industry a leading management application that was 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 also provides technology solutions to the Department of Defense and other federal agencies to address evolving intelligence, surveillance, and reconnaissance needs, as well as being a leading provider of military communications support services.
Visit www.partech.com for more information.
PAR Technology Corporation
Christopher R. Byrnes, (315) 738-0600 ext. 6226
Source: PAR Technology CorporationCopyright Business Wire 2012