PAR Technology Subsidiary Announces $24.6 Million Air Force R&D Contract Award.Business Editors NEW HARTFORD New Hartford is the name of several towns in the United States:
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) ), a subsidiary 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. ), announced today that it has been awarded a 4-year contract with an estimated value of $24.6 million by the Air Force Research Laboratory (AFRL Noun 1. AFRL - a United States Air Force defense laboratory responsible for discovering and developing and integrating fighting technologies for aerospace forces Air Force Research Laboratory U. S. ) Information Directorate. This contract work will be conducted at the Air Force's Research Laboratory facilities located in Rome, Newport, and Stockbridge, NY. This multi-million dollar contract comes on the heels of the largest contract ever awarded PAR--a $26.8 million Navy I/T I/T Inner Tank Services contract--- and also a significant multi-year I/T services contract with the Air Force at Hickham Air Force Base, Hawaii. PAR's Government business now has an identified backlog of $92 million, the largest in Company history. Under the contract, RRC will provide research and development, along with test and evaluation in multiple areas. Specifically, RRC will perform services that include advanced antenna design, integration and evaluation of airframes, and testing of command and control technologies and their applications. RRC will also provide the necessary technical expertise concerning other Information Technology initiatives that the AFRL is conducting presently. "Rome Research Corporation is proud of its long-term technical partnership with the Air Force Research Laboratory at 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. . Our company was founded to provide research and development services to the laboratory," commented Albert Lane Albert Frederick Lane (29 August 1885–29 July 1948), nicknamed Spinney,[1] was an English amateur cricketer who played more than 50 first-class games, for both Warwickshire and Worcestershire, between 1914 and 1932, as well as having earlier appeared in the , Jr., RRC President. "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 to meet warfighter needs. We are pleased to continue to provide assistance to the AFRL in meeting its continuous and critical mission." 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. stated, "The partnership between the AFRL and PAR has been in place for more than 30 years and the benefits of this relationship are apparent. We share a common goal with the AFRL of providing quality technology consistently, and with on-time delivery. PAR's name recognition continues to grow and the core competencies of our company are being leveraged to provide the services required by the AFRL." Sammon concluded, "Revenue from these I/T services contracts are contributing to the company's continued financial strength and turnaround. With additional programs anticipated for the remainder of this year as well as the benefit of a full year's contribution from these Government Services contracts, we remain confident about the Company's results for the remainder of 2002 and next year as well." 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 25 years. The Company has more than 350 employees in 16 offices throughout the United States, Guam and Puerto Rico. The company is considered a leading provider of communications I/T support services support services Psychology Non-health care-related ancillary services–eg, transportation, financial aid, support groups, homemaker services, respite services, and other services to the United States Department of Defense. 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. More information can be found on the Company's website at www.partech.com |
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