PAR Par Technology Corp.

PAR Technology Subsidiary Announces New $7.2 Million Contract with U.S. Department of Defense Technology Agency

NEW HARTFORD, N.Y.--(BUSINESS WIRE)--

PAR Government Systems Corporation, a wholly-owned subsidiary of PAR Technology Corporation (NYSE: PAR), today announced the awarding of a $7.2 million research and development contract with the U.S. Air Force Research Laboratory (AFRL) and the Defense Advanced Research Projects Agency (DARPA). Under this four-year contract, PAR Government will be leveraging its expertise in image and video processing, cloud computing, data analytics, and digital media forensics. The contract work will be performed by PAR Government’s Intelligence, Surveillance and Reconnaissance (ISR) Solutions Sector.

“We are pleased that the Air Force and DARPA have chosen PAR Government to support the technology needs for the DARPA Media Forensics (MediFor) research and development program. Our project team includes technical leaders from both industry and academia,” commented Matt Cicchinelli, President of PAR Government. “This program complements and builds upon our expanding portfolio of PAR Government contracts in this important area of technological growth.”

ABOUT PAR GOVERNMENT SYSTEMS CORPORATION

PAR Government, headquartered in Rome, New York, provides Intelligence, Surveillance and Reconnaissance solutions to US Department of Defense, US Government agencies, and private industry. During its 40 years of service, PAR Government has earned the reputation for developing high quality products ranging from theoretical and experimental studies to operational capability. For more information, visit www.pargovernment.com.

ABOUT PAR TECHNOLOGY

PAR Technology Corporation's stock is traded on the New York Stock Exchange under the symbol PAR. PAR’s Government Business segment provides solutions and products for the geospatial intelligence community and highly-specialized technical services to the Department of Defense and various federal agencies. PAR’s Hospitality Business segment is a leading provider of restaurant and retail technology. Visit www.partech.com for more information or connect with PAR on Facebook at www.facebook.com/parpointofsale or Twitter at www.twitter.com/Par_tech.

EN
04/10/2016

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