PAR Technology Awarded Record Contract; Subsidiary Wins $32.3 Million Navy I/T Support Contract.Business & High Tech Editors NEW HARTFORD, N.Y.--(BUSINESS WIRE)--Oct. 30, 2002 PAR Technology Corporation (PTC (PTC, Needham, MA, www.ptc.com) Long a world leader in mechanical computer-aided design, manufacturing and engineering software, PTC, through acquisitions and reorganization, has transformed itself into a leading provider of Internet-based B2B solutions for discrete manufacturers. ): - New Record Contract for PAR Technology Corporation - Surpasses Previously Announced $26.8 Million Record Award - Rome Research Signs Over $100 Million in New Contracts During 2002 The U. S. Navy Fleet and Industrial Supply Center (FISC) San Diego awarded a $32.3 million contract to Rome Research Corporation (RRC), a subsidiary of PAR Technology Corporation (NYSE NYSE See: New York Stock Exchange :PTC). The 4-year contract calls for RRC to provide information operations and information technology support of the Naval Computer and Telecommunication Network Facilities in Guam. This is a record contract for any PAR Technology company and comes after a recently announced then-record contract to RRC for similar Navy I/T support services in Puerto Rico. When combined with the other contracts awarded this year, Rome Research has received over $100 million in new awards - which is a record for the Company. PAR's Government business now has an identified backlog of $125 million, the largest in Company history. "Under this contract, Rome Research will operate several additional communications related functions expanding our presence in Guam by 50%. This contract win solidifies our Pacific/West Coast presence in the military IT/communications support market. RRC has an outstanding reputation for converting military-run facilities to contractor operations. These facility conversions provide superior, seamless service to the Fleet and Military Commanders," commented Albert Lane, RRC President. "We provide an especially important service as the Department of Defense (DoD) continues its efforts to streamline its non-warfighting functions. Our recent string of large contract awards confirms that Rome Research's reputation is spreading and that DoD is continuing its focus on outsourcing - which is good news for the prospects of the company." John W. Sammon, PAR Chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. commented, "We believe PAR was awarded this contract because of its high quality of standards and delivery capability. These basic PAR standards are critical in signing more and more high profile projects for the Department of Defense. We will continue to build on these qualities, which should enable us to become even more visible and to maintain our success in obtaining more outsourcing projects for the Armed Services. PAR continues to play a key role in this initiative and looks forward to once again working with our partners in the military." This contract calls for RRC to operate and maintain Super High Frequency (SHF) Satellite Communication (SATCOM) Heavy Earth Terminals, a Technical Control Facility (TCF) to include the Automated Network Communications Center (ANCC), Extremely High Frequency extremely high frequency n. Abbr. EHF A radio-frequency band with a range of 30,000 to 300,000 megahertz. Noun 1. (EHF) SATCOM Terminal System, Ultra High Frequency See UHF. (UHF) antennas, Joint (UHF) MILSATCOM MILSATCOM Military Satellite Communications Network Integrated (JMINI) Control System Operations and Maintenance, HF/MF Transmitters, U.S. Air Force HF Scope Command assets, Defense Messaging Systems (DMS), LAN/WAN LAN/WAN Local Area Network/Wide Area Network Management and Administration, Fiber Optic Landlines and all associated base band equipment operating under Naval Computer Telecommunications Station (NCTS) Guam. RRC will perform circuit analysis and direct restoration efforts for communications paths, circuits, trunks, and satellite links used within the NCTS Guam communications area, United States Air Force United States Air Force (USAF) Major component of the U.S. military organization, with primary responsibility for air warfare, air defense, and military space research. It also provides air services in coordination with the other military branches. U.S. Detachment 5 located at Anderson AFB AFB abbr. acid-fast bacillus AFB Acid-fast bacillus, also 1. Aflatoxin B 2. Aorto-femoral bypass , and the Pacific and Indian Ocean areas of operation supporting Joint Forces engaged in Operations Enduring Freedom and Nobel Eagle. RRC will provide real time action on any deterioration or failure of communications systems or equipment causing degradation of service to the tactical War Fighter and shore facilities and will coordinate satellite equipment installations and initiate circuit and trunk activations in accordance with Defense Information Systems Agency (DISA) directions and Space and Naval Warfare Systems Command (SPAWAR SPAWAR Space & Naval Warfare Systems Command (US Navy) SPAWAR Space Warfare ) technical specifications. ABOUT RRC Rome Research Corporation, headquartered in Rome, New York Rome is a city in Oneida County, New York, United States. The population was 34,950 at the 2000 census. It is in New York's 24th congressional district. The city is named after the Italian city of Rome. , is a growing Information Technology and communication services company that has provided support to the U.S. Department of Defense for over 25 years. The Company has more than 300 employees in 12 offices throughout the United States and Guam. The company is considered the leading provider of communications I/T support services to the United States Navy United States Navy Major branch of the U.S. military forces, charged with defending the nation at sea and maintaining security on the seas wherever U.S. interests extend. The Continental Navy was established by the Continental Congress in 1775. . For more information, visit www.romeresearch.com. ABOUT PAR TECHNOLOGY PAR Technology Corporation, a leading provider of professional services and enterprise business intelligence software. PAR develops, markets and supports hardware and software products that improve the ability of business professionals to make timely, fact-based business decisions. PAR has been a leader in providing computer based system design and engineering services to the Department of Defense and Federal Government Agencies. The Company is the world's largest supplier of Point-of-Sale systems to the quick service restaurant market with over 30,000 systems installed in over 95 countries. PAR Technology Corporation's stock is traded on the New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. under the symbol PTC. Log onto PAR's website at www.partech.com for additional information. |
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