PAR Technology Subsidiary Awarded $1.8 Million Air Force Engineering Contract.
ROME, N.Y.--(BUSINESS WIRE)--Jan. 24, 2002
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. ) Surveillance Radar Technology (SNRD SNRD Southern Nevada Residential Design
SNRD Sharjah Naturalization and Residency Department ) branch announced the awarding of a $1.8 million contract to 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. ).
The contract requires RRC to provide various research and development efforts focusing upon improved radar testbeds for current and future Air Force systems. Other Department of Defense systems may benefit from this work as well. The contract period of performance is three years.
"A critical aspect of any research and development function is the ability to test, measure and validate a concept in a timely and cost-effective manner," commented Al Lane, RRC President. "Government laboratories continue to face budget constraints, mandating the adoption of creative methods to reduce the time and cost associated with technological proof of principles and application of novel concepts. The radar testbeds developed under this contract will provide needed leverage during the development cycle."
Under the contract, RRC will develop radar testbeds that will enhance the effectiveness and reduce cost of research and testing related to emerging radar sensors, particularly in the areas of foliage penetration, ground penetration and airborne bistatic radar Bistatic radar is the name given to a radar system which comprises a transmitter and receiver which are separated by a distance that is comparable to the expected target distance. configurations. These efforts will provide thorough and timely testing of improvements, cost reductions, early detection of problems and prevention of cost increases caused by the need for subsequent problem corrections.
Rome Research Corporation (RRC), founded in 1974, is a wholly owned subsidiary Wholly Owned Subsidiary
A subsidiary whose parent company owns 100% of its common stock.
In other words, the parent company owns the company outright and there are no minority owners. of PAR Technology Corporation (PTC). RRC provides solutions to complex technical, logistical, and management problems. RRC is one of the nation's leading providers of management and engineering service solutions to the Department of Defense and other Government and commercial customers. With more than 25 years in the business, RRC expertise spans disciplines ranging from advanced research and development to facilities operation and maintenance.
ABOUT PAR TECHNOLOGY
PAR Technology Corporation is a leading provider of professional services and enterprise business intelligence software. PAR develops, markets and supports software products that improve the ability of business professionals to make timely, fact-based business decisions, and 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 25,000 systems installed in over 95 countries. PAR also focuses on the design, development, manufacture, sales and support of EAI (Enterprise Application Integration) Refers to various techniques used to share data and business processes in large enterprises. When companies acquire another organization, disparate information systems have to be made to work together. solutions to Fortune 500 manufacturing, retailing and distribution concerns. 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. For additional information visit PAR's website at www.partech.com.