PAR Technology Subsidiaries Receive $10 Million Engineering Services Subcontracts.Business Editors/High-Tech Writers NEW HARTFORD, N.Y.--(BUSINESS WIRE)--April 23, 2003 Northrop Grumman Integrated Systems, Airborne Ground Surveillance and Battle Management Systems, Melbourne, Florida awarded follow-on subcontracts to the government technical services subsidiaries of PAR Technology Corporation (NYSE NYSE See: New York Stock Exchange :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. ), PAR Government Systems Corporation (PGSC PGSC Payload General Support Computer PGSC Pall Gelman Sciences Corporation (Ann Arbor, Michigan) PGSC Pro Gamer's Sports Cup (gaming) PGSC Panel on Geological Site Criteria ) and Rome Research Corporation (RRC RRC Radio Resource Control (3G) RRC Red River College (Canada) RRC Railroad Commission of Texas (Austin, TX) RRC Residency Review Committee (medical) ). The two contracts have a combined estimated value of $10 million. These subcontracts provide for the continuation of systems, software and test engineering support services for the Joint STARS (Surveillance and Target Attack Radar System) Aircraft program and other associated Battle Management Programs. Joint STARS is a military airborne surveillance and battle management system used to identify targets on the ground. PAR's government subsidiaries have been supporting this program at Northrop Grumman's facilities in Melbourne since 1984. "These awards are further evidence of the commitment and dedication of PAR to the Melbourne Battle Management Programs. We appreciate the confidence displayed by our customer, Northrop Grumman, in the performance of our strong and experienced team of software developers and engineers. These successive subcontract awards, spanning a performance period of over 20 years, are indicative of the company's commitment to the long-term success of its customers," commented Al Lane, President of RRC and PGSC. ABOUT RRC Rome Research Corporation, a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of PAR Technology 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 nearly 30 years. RRC has more than 330 employees in 18 offices throughout the United States, Puerto Rico and Guam. The company is considered the leading provider of communications I/T I/T Inner Tank 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 PGSC PAR Government Systems Corporation (PGSC), a wholly owned subsidiary of PAR Technology, is an information technology company that provides software-based solutions to the U.S. and state government agencies and non-government customers. During 30 years of service, PGSC has earned the reputation for producing high quality technical products ranging from theoretical and experimental studies, to advanced system prototypes and operational systems. For more information, visit www.pargovernment.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. More information can be found on the Company's website at www.partech.com. |
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