PAR Par Technology Corp.

CAVA Selects PAR Technology's Brink POS® Software for All Locations

ParTech, Inc. (PAR), a leading global provider of point of sale (POS) and workforce efficiency solutions to the restaurant and retail industries, today announced that CAVA has selected PAR’s cloud-based Brink POS® Software, EverServ® 8000 point of sale terminals, PAR Tablets, and Kitchen Display System (KDS) for all current 23 locations, with plans to open an additional 10 restaurants in 2017. ParTech, Inc. is a wholly owned subsidiary of PAR Technology Corporation (NYSE:PAR).

The Mediterranean-focused restaurant was founded in 2011 by childhood friends Ted Xenohristos, Ike Grigoropoulos, and Executive Chef Dimitri Moshovitis, who wanted to bring modern, authentic fare to the masses. CAVA features a customizable menu of over 50 ingredients, like their signature Crazy Feta, Border Springs Spicy Lamb Meatballs, and Cauliflower Quinoa Tabbouleh, as well as creative rotating seasonal offerings of juices, soups, and roasted vegetables. CAVA is committed to working with best in class food partners including local farmers and artisan producers.

CAVA was seeking a robust solution that could be easily managed remotely, not only by CAVA, but also by their partners. Also important to CAVA management, was an infrastructure that would support their accelerated growth in new store openings.

“PAR’s Brink software balances reliability with modern infrastructure. The total solution has a sleek design, is quick to deploy, and was able to resolve a lot of challenging problems like California labor laws, which makes it critical for our daily use,” said Josh Patchus, Chief Data Scientist & Director of Technology, CAVA. “Our relationship with Brink has been centered on honest and open communication, which feels more like a budding partnership rather than a typical forced client-contract negotiation.”

“The confidence that CAVA has expressed in selecting PAR’s Brink POS Software and Hardware exemplifies how PAR’s solutions can provide overall business efficiency and be customized to fit the brand,” said Paul Rubin, Senior Vice President & Chief Strategy Officer for ParTech, Inc. “We are honored to be working with such an innovative, modern, and socially responsible brand and look forward to seeing how the company continues to grow this year.”

ABOUT CAVA

CAVA is a rapidly expanding fast casual restaurant and packaged product brand focusing on a fresh, better-for-you cuisine. CAVA brings modern, authentic, and vibrant Mediterranean food to a national audience in both fast casual and grocery channels through a chef-driven brand. Beyond their fast casual and full service restaurants, CAVA has a product line of small-batch dips and spreads available at over 200 Whole Foods Markets and other specialty grocery stores from coast to coast. CAVA’s 23 current locations can be found in both suburban and urban areas of their home market of Washington D.C.’s metro area (including Maryland and Virginia), in New York City’s Union Square, as well as three locations in the Los Angeles area. CAVA has over 10 additional locations set to open within the next year. For a full list of open and forthcoming locations visit: cavagrill.com/locations

ABOUT PAR TECHNOLOGY CORPORATION

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 PAR on Facebook and Twitter.

EN
07/02/2017

Underlying

To request access to management, click here to engage with our
partner Phoenix-IR's CorporateAccessNetwork.com

Reports on Par Technology Corp.

Dave Nicoski ... (+2)
  • Dave Nicoski
  • Ross LaDuke

Vital Signs: Actionable charts

In this product we rank the most positive and negative domestic stocks, filter the symbols by market-cap and trading volume, and then divide the companies into sectors and groups. We then manually look through charts leadership/changes, bottoms-up/top-down ideas, short-term patterns that may have long-term significance, etc. We believe you will find this product valuable as significant price and relative moves begin in the daily charts.

Par Technology Corp: 1 director

A director at Par Technology Corp sold 4,500 shares at 42.040USD and the significance rating of the trade was 50/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clea...

Dave Nicoski ... (+2)
  • Dave Nicoski
  • Ross LaDuke

Vital Signs: Actionable charts

In this product we rank the most positive and negative domestic stocks, filter the symbols by market-cap and trading volume, and then divide the companies into sectors and groups. We then manually look through charts leadership/changes, bottoms-up/top-down ideas, short-term patterns that may have long-term significance, etc. We believe you will find this product valuable as significant price and relative moves begin in the daily charts.

Dave Nicoski ... (+2)
  • Dave Nicoski
  • Ross LaDuke

Vermilion Short Shots: Technically Vulnerable Stocks

Short Shots is a collection of technically vulnerable charts culled from the Negative Inflecting and Toppy columns within our Weekly Compass report or from various technical screening processes. The charts contained in this report have developed concerning technical patterns that suggest further price deterioration is likely. For these reasons Short Shots can also be a great source of ideas for investors interested in short-selling candidates.

Dave Nicoski ... (+2)
  • Dave Nicoski
  • Ross LaDuke

Vital Signs: Actionable charts

In this product we rank the most positive and negative domestic stocks, filter the symbols by market-cap and trading volume, and then divide the companies into sectors and groups. We then manually look through charts leadership/changes, bottoms-up/top-down ideas, short-term patterns that may have long-term significance, etc. We believe you will find this product valuable as significant price and relative moves begin in the daily charts.

ResearchPool Subscriptions

Get the most out of your insights

Get in touch