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PAR Technology Subsidiary Announces $7.3 Million U.S. Navy Contract Award at Aguada, PR

November 15, 2018

NEW HARTFORD, N.Y.--(BUSINESS WIRE)--Nov 15, 2018--PAR Technology Corporation (NYSE:PAR) today announced that the U.S. Navy has awarded its subsidiary, Rome Research Corporation (RRC), a five-year $7.3 million contract. The award calls for RRC to provide 24/7/365 operation and maintenance support of the Naval Radio Transmitter Facility (NRTF) Aguada, Puerto Rico and its Low Frequency (LF) Fixed Submarine Broadcasting System (FSBS) with periods of performance from September, 2018 – August 2023.

The FSBS provides strategic and tactical communications to U.S. and allied submarine forces in the Atlantic. NRTF Aguada is a remote facility under command of the Naval Computer and Telecommunications Area Master Station Atlantic (NCTAMS LANT), Norfolk, VA.

“We are pleased that the U.S. Navy has selected Rome Research Corporation as its contractor to furnish operations and maintenance services providing reliable, uninterrupted FSBS communications to the warfighter,” commented Matt Cicchinelli, President of PAR’s Government Business. “We are committed to supporting the Navy’s strategic and tactical communications mission while delivering unsurpassed quality, value and customer satisfaction.”

During Hurricane Maria, which affected Puerto Rico and the NRTF Aguada site in September 2017, RRC partnered with the NRTF Aguada customer that quickly restored operations despite significant challenges with flooding and logistics.

Contract support services include transmitter site operations and maintenance, antenna tower maintenance, facilities upkeep and grounds maintenance.

ABOUT PAR TECHNOLOGY CORPORATION PAR Technology Corporation (PAR) is a leading global provider of software, systems, and service solutions to the restaurant and retail industries. Today, with 40 years of experience and point of sale systems in nearly 100,000 restaurants and more than 110 countries, PAR is redefining the point of sale through cloud software and bringing technological innovation to all corners of the enterprise. 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. PAR Technology Corporation’s stock is traded on the New York Stock Exchange under the symbol PAR. For more information, visit www.partech.com or connect with PAR on Facebook at www.facebook.com/parpointofsale or Twitter at www.twitter.com/Par_tech.

View source version on businesswire.com:https://www.businesswire.com/news/home/20181115005164/en/

CONTACT: Christopher R. Byrnes (315) 738-0600ext. 6226

chris_byrnes@partech.com,www.partech.com

KEYWORD: UNITED STATES NORTH AMERICA CARIBBEAN PUERTO RICO NEW YORK

INDUSTRY KEYWORD: TECHNOLOGY SOFTWARE AUDIO/VIDEO TELECOMMUNICATIONS DEFENSE CONTRACTS OTHER DEFENSE

SOURCE: PAR Technology Corporation

Copyright Business Wire 2018.

PUB: 11/15/2018 07:30 AM/DISC: 11/15/2018 07:30 AM

http://www.businesswire.com/news/home/20181115005164/en

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