PAR Technology Subsidiary Announces $2.0 Million Air Force Engineering Contract(NEW HARTFORD, N.Y., August 23, 2005) -- Rome Research Corporation (RRC), a wholly owned subsidiary of PAR Technology Corporation (NYSE: PTC), today announced the award of a $2.0 million contract from the Air Force Research Laboratory (AFRL) Surveillance Radar Technology branch in support of the Radar Development, Test and Integration Program. The contract requires RRC to provide various research and development efforts focusing upon improved radar testbeds for current and future Air Force and other military systems.
"Government laboratories continue to face budget constraints, mandating the adoption of creative methods to reduce the time and cost associated with technological proof of principles and application of novel concepts. The radar testbed technology developed under this contract will help achieve the goal of shorter development cycles," commented Al Lane, President and CEO of PAR's Government Operations. "For PAR, the contract award represents an important continuing trend for our Company in growing its government services offerings. We welcome this opportunity to demonstrate our capabilities to the Air Force and are pleased to support the AFRL in meeting their objective."
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Under the contract, RRC will develop radar testbeds that will enhance the effectiveness and reduce cost of research and testing related to emerging radar sensors, particularly in the areas of foliage penetration, ground penetration and airborne bistatic radar configurations. These efforts will provide thorough and timely testing of improvements, cost reductions, early detection of problems and prevention of cost increases caused by the need for subsequent problem corrections.
Rome Research Corporation, headquartered in Rome, New York, is a growing Information Technology and communication services company that has provided support to the U.S. Department of Defense for over 30 years. The Company has over 400 employees in more than 20 offices throughout the United States, Guam, the Northern Mariana Islands, Europe and the Caribbean. Rome Research is considered a leading provider of communications I/T support services to the United States Department of Defense.
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PAR Technology Corporation is a leading provider of professional services and enterprise business intelligence software and hardware to the hospitality industry. PAR develops, markets and supports hardware and software products that improve the ability of hospitality business professionals to make timely, fact-based business decisions. The Company is a premier provider of I/T management solutions to hotel and restaurant companies, with over 40,000 installations worldwide in 100 countries. PAR is also a leader in providing computer-based system design and engineering services to the Department of Defense and Federal Government Agencies. PAR Technology Corporation's stock is traded on the New York Stock Exchange under the symbol PTC.
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