8/9/2016 - PAR Rome Research Awarded $13.6M Navy Contract at Lago Patria, Italy
NEW HARTFORD, N.Y.—August 9, 2016 -- PAR Technology Corporation (NYSE: PAR) today announced that its indirect wholly-owned subsidiary, Rome Research Corporation (RRC), has been awarded a five-year, $13.6 million contract from the U.S. Navy to provide Teleport Commercial Satellite Terminal services at the Global Information Grid (GIG) facility in Lago Patria, Italy, and other remote locations.
The GIG is the global network of information capabilities, processes and personnel for collecting, processing, storing, disseminating and managing information on demand for use by military commanders, policy makers and support personnel. The grid supports Department of Defense (DoD), national security and related intelligence community missions and functions (strategic, operational, tactical and business) in war and in peace. The GIG provides capabilities to operating locations that include bases, posts, camps, stations, facilities, mobile platforms and deployed sites. It also provides interfaces to coalition, allied and non-DoD users and systems.
“Our employees are passionate about what they do to support the warfighter and we are honored that the Navy continues to entrust RRC with this mission-critical contract,” commented Matthew Cicchinelli, President of PAR’s Government Business. “The company’s expertise and knowledge in operating teleport systems at this and other locations were important factors in the award decision.”
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PAR Technology Corporation's stock is traded on the New York Stock Exchange under the symbol PAR. PAR’s Hospitality segment has been a leading provider of restaurant and retail technology for more than 35 years. PAR offers technology solutions for the full spectrum of restaurant operations, from large chain and independent table service restaurants to international quick service chains. Products from PAR also can be found in retailers, cinemas, cruise lines, stadiums and food service companies. PAR’s Government Business is a leader in providing computer-based system design, engineering and technical services to the Department of Defense and various federal agencies. For more information visit http://www.partech.com or connect with us on Facebook and Twitter.