NEW HARTFORD, N.Y.—October 27, 2011— PAR Government Systems Corporation (PGSC), a subsidiary of PAR Technology Corporation (NYSE:PAR), was awarded a prime contract by the U.S. Army Research Development and Engineering Command (RDECOM) Natick Contracting Division to provide Intelligence Surveillance and Reconnaissance (ISR) technologies and services in support of the Eagle Intel-X effort. The indefinite delivery/indefinite quantity (IDIQ) contract has a five year period of performance with a total contract ceiling value of $42.5 million.
The Eagle Intel-X contract supports U.S. military and coalition partners by providing advanced ISR technologies, and provides a rapid response for the implementation of these critical technologies.
“Emerging and mature 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 innovative and flexible technologies supporting Eagle Intel-X and the warfighter.”
About PAR Technology
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 PAR’s 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 Company’s website at www.partech.com.