PAR Technology Corporation (PAR)

[Penny Roger$]

PAR Technology Corporation (PAR) conducts business in two business segments: Hospitality and Government. The Hospitality segment offers integrated solutions to the hospitality industry. These offerings include hardware and software applications for restaurants, hotels, resorts and spas. This segment also offers customer support, including field service, installation, twenty-four hour telephone support and depot repair. The Government segment performs complex technical studies, analysis, and experiments, develops solutions, and provides on-site engineering in support of advanced defense, security, and aerospace systems. The Company’s subsidiary PAR Springer-Miller Systems, Inc (PSMS), provides guest-centric property management solutions to hotels, resorts, spas, casinos, and other hospitality properties worldwide. On January 12, 2012, PAR completed the asset sale of its subsidiary, PAR Logistics Management Systems (PAR LMS), to ORBCOMM Inc.

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