PAR Technology Subsidiary Announces $46.0 Million Air Force R&D Contract Award

-- Largest Contract Award in Company History--

NEW HARTFORD, N.Y.--(BUSINESS WIRE)--Rome Research Corporation (RRC), a wholly owned subsidiary of PAR Technology Corporation (NYSE:PTC - News), announced today that it has been awarded a $46.0 million contract for research and development, testing and evaluation expertise to operate the far field antenna test ranges, anechoic chambers, other laboratory facilities for the Air Force Research Laboratory Information Directorate and conduct exercises and training missions on Air Force fielded technologies in combat. Under the five-year contract, work will be performed at the Air Force Research Laboratory facilities located in Rome, Newport, and Stockbridge, NY, and other field locations.

“Rome Research Corporation is proud of its long-term technical partnership with the Air Force Research Laboratory at Rome, New York. Our company was founded to provide research and development services to the laboratory”

"Rome Research Corporation is proud of its long-term technical partnership with the Air Force Research Laboratory at Rome, New York. Our company was founded to provide research and development services to the laboratory," commented Steve Lynch., President of PAR’s Government Operations. "As the mission of the AFRL Information Directorate has evolved, Rome Research has adapted and expanded its capabilities along with it. The innovative technical solutions we provide will enable the Air Force Research Laboratory to fulfill its mission to meet the Air Force's unique requirements for Information Dominance and its transition to aerospace systems. We are pleased to continue to provide assistance to the AFRL in meeting its continuous and critical mission."

About RRC

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 35 years. The Company has 650 employees in more than 25 offices throughout the United States and worldwide. Rome Research is considered a leading provider of communications I/T support services to the United States Department of Defense. For more information, visit www.romeresearch.com.

About PAR Technology Corporation

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 offering includes 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 Department of Defense and various federal agencies. Through PAR Logistics Management Systems, the Company is a provider of best of breed integrated solutions for shipping asset management and tracking. PAR Technology Corporation's stock is traded on the New York Stock Exchange under the symbol PTC. For more information visit the Company’s website at www.partech.com.