PAR Technology Subsidiary Announces New $7.2 Million Contract with U.S. Department of Defense Technology Agency
October 04 2016 - 07:58AM
Business Wire
PAR Government Systems Corporation, a wholly-owned subsidiary of
PAR Technology Corporation (NYSE: PAR), today announced the
awarding of a $7.2 million research and development contract with
the U.S. Air Force Research Laboratory (AFRL) and the Defense
Advanced Research Projects Agency (DARPA). Under this four-year
contract, PAR Government will be leveraging its expertise in image
and video processing, cloud computing, data analytics, and digital
media forensics. The contract work will be performed by PAR
Government’s Intelligence, Surveillance and Reconnaissance (ISR)
Solutions Sector.
“We are pleased that the Air Force and DARPA have chosen PAR
Government to support the technology needs for the DARPA Media
Forensics (MediFor) research and development program. Our project
team includes technical leaders from both industry and academia,”
commented Matt Cicchinelli, President of PAR Government. “This
program complements and builds upon our expanding portfolio of PAR
Government contracts in this important area of technological
growth.”
ABOUT PAR GOVERNMENT SYSTEMS CORPORATION
PAR Government, headquartered in Rome, New York, provides
Intelligence, Surveillance and Reconnaissance solutions to US
Department of Defense, US Government agencies, and private
industry. During its 40 years of service, PAR Government has earned
the reputation for developing high quality products ranging from
theoretical and experimental studies to operational capability. For
more information, visit www.pargovernment.com.
ABOUT PAR TECHNOLOGY
PAR Technology Corporation's stock is traded on the New York
Stock Exchange under the symbol PAR. PAR’s Government Business
segment provides solutions and products for the geospatial
intelligence community and highly-specialized technical services to
the Department of Defense and various federal agencies. PAR’s
Hospitality Business segment is a leading provider of restaurant
and retail technology. Visit www.partech.com for more information
or connect with PAR on Facebook at www.facebook.com/parpointofsale
or Twitter at www.twitter.com/Par_tech.
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PAR Technology CorporationChristopher R. Byrnes, 315-738-0600
ext. 6226cbyrnes@partech.comwww.partech.com
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