PAR Technology Corporation Awarded $48 Million U.S. Army Contract
Largest Contract Award in Company History
NEW HARTFORD, N.Y.--(BUSINESS WIRE)-- PAR Government Systems Corporation (PGSC), a subsidiary of PAR Technology Corporation (NYSE:PAR), was awarded a contract by the U.S. Army Contracting Command/Aberdeen Proving Ground (ACC/APG) Natick Contracting Division in support of US warfighters and coalition partners by providing advanced Full Motion Video (FMV), Geospatial Information Systems (GIS) and Intelligence Surveillance and Reconnaissance (ISR) software and hardware technologies. The indefinite delivery/indefinite quantity (IDIQ) contract has a five year period of performance with a total contract ceiling value of $48 million.
The IDIQ contract supports rapid response capability for the FMV, GIS and ISR technologies required in 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.
Emerging and mature FMV, GIS and ISR related technologies will play an important role in achieving and maintaining information dominance, said Steve Lynch, PGSC president. This dominance will be accomplished by technology generation, integration and the rapid fielding of computer-based solutions and equipment. We look forward to providing research, development, operational support, deployment and training necessary to transition FMV, GIS and ISR capabilities to the warfighter.
ABOUT PAR GOVERNMENT SYSTEMS CORPORATION
PAR Government Systems Corporation, a wholly-owned subsidiary of PAR Technology Corporation (NYSE:PAR), is headquartered in Rome, New York, and offers innovative communications services and technology products to federal, state, local government agencies and private industry. Our design and integration of state-of-the-art imagery information systems for archive, retrieval and processing along with the research and development for imaging sensors puts PAR Government at the forefront of the Intelligence, Surveillance and Reconnaissance community. During 40 years of service, PAR Government has earned the reputation for developing high quality products ranging from theoretical and experimental studies to operational capabilities. For more information, visit http://www.par-isr.com/.
ABOUT PAR TECHNOLOGY CORPORATION (PAR)
PAR Technology Corporation creates and markets products that help hospitality operators around the world to better manage money, materials, people and the guest experience. PAR has provided hardware, software and services to the world's largest restaurant chains and their franchisees for almost 30 years. Today the Company's extensive offerings include technology solutions for the full spectrum of hospitality operations, from boutique hotels and independent table service restaurants to international QSR chains, all backed by PARs global service network. The Company has over 50,000 installations in 105 countries worldwide. PAR is also a leader in providing computer-based system design and engineering services to the US Department of Defense and federal and state government agencies. PAR Technology Corporation's stock is traded on the New York Stock Exchange under the symbol PAR. For more information visit the Companys website at www.partech.com.
PAR Technology Corporation
Christopher R. Byrnes, 315-738-0600 ext. 6226
Source: PAR Technology CorporationCopyright Business Wire 2012