PAR Technology Subsidiary Announces $10.3 Million I/T Contract Award with U.S. Agency
20 May 2005
Rome Research Corporation (RRC), a subsidiary of PAR Technology Corporation (NYSE:PTC - News), today announced the award of a $10.3 million contract from the International Broadcasting Bureau (IBB), to provide information technology support, operations and associated services at the Robert E. Kamosa Transmitting Station (REKTS) on Saipan and Tinian, in the Commonwealth of the Northern Mariana Islands. Under the five-year contract, the Company will transmit Voice of America, Radio Free Asia and other broadcasts, and maintain the REKTS equipment and facilities. This contract is a follow-on effort to a one-year contract awarded to RRC in 2004.
"We are pleased that after securing the initial one-year contract the IBB again selected Rome Research to provide these services under this new five-year effort. The Company's outstanding record of performance and customer service, which the IBB was able to validate first hand, were certainly important factors in the their selection process," commented Al Lane, President and CEO of PAR's Government Business. "This win, coupled with our presence in Guam, gives RRC a significant base of operations in the Pacific Rim, and gives PAR a solid regional base from where our new business development efforts in that part of the world can be launched. We look forward to a continued partnership with the IBB in meeting its information technology support requirements."
Under the direction of the Broadcasting Board of Governors (BBG), an independent federal agency which supervises all U.S. government-supported non-military international broadcasting, the International Broadcasting Bureau (IBB) provides the administrative and engineering support for U.S. government-funded non-military international broadcast services. Broadcast elements include the Voice of America (VOA), Radio Sawa (Middle East), and Radio and TV Marti (Office of Cuba Broadcasting). In addition, the IBB provides engineering and program support to Radio Free Europe/Radio Liberty and Radio Free Asia. Today, the BBG broadcasts in 55 languages providing service to over 100 million people around the world.
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 30 years. The Company has over 400 employees in more than 20 offices throughout the United States, Guam, Europe and the Caribbean. Rome Research is considered a leading provider of communications I/T support services to the United States Department of Defense. For more information, visit www.romeresearch.com.
ABOUT PAR TECHNOLOGY
PAR Technology Corporation is a leading provider of professional services and enterprise business intelligence software and hardware to the hospitality industry. PAR develops, markets and supports hardware and software products that improve the ability of hospitality business professionals to make timely, fact-based business decisions. The Company is a premier provider of I/T management solutions to hotel and restaurant companies, with over 40,000 installations worldwide in 100 countries. PAR is also a leader in providing computer-based system design and engineering services to the Department of Defense and Federal Government Agencies. PAR Technology Corporation's stock is traded on the New York Stock Exchange under the symbol PTC. For more information visit the Company's website at www.partech.com.
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Contact:
PAR Technology Corporation
Christopher R. Byrnes, 315-738-0600, ext. 226
cbyrnes@partech.com
www.partech.com
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Source: PAR Technology Corporation
Source: Business Wire
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