FOR RELEASE: New Hartford, NY, Dec-13-2006
Contact: Christopher R. Byrnes (315) 738 - 0600 ext. 226
PAR Technology Subsidiary Announces Communication Integration With Carrier? Transport Refrigeration Systems
NEW HARTFORD, NY PAR TECHNOLOGY CORPORATION (NYSE:PTC)
New Hartford, NY—December 13, 2006 - In a major step toward enhancing its logistics tracking and monitoring capabilities, PAR Government Systems Corporation (PGSC), a wholly owned subsidiary of PAR Technology Corporation (NYSE: PTC), today announced that the Company’s PAR Logistics Management Systems (LMS) segment has formed an agreement with the Carrier Transicold Division of Carrier Corporation. LMS provides tracking technology and monitoring capabilities to the logistics and shipping industries; Carrier Transicold is a leading supplier of trailer and container refrigeration systems to the logistics and shipping industries.
PAR’s Refrigerated Trailer Tracking system provides essential information on a refrigerated trailer’s status, location, temperature, fuel levels, battery, and history. Cold chain stakeholders utilize this information to provide the most reliable and protected services to shippers of perishable commodities. The arrangement with Carrier allows PAR LMS to use its tracking/monitoring technology for the purpose of extracting and transmitting pertinent data remotely to end-users from truck trailer equipment.
The agreement is the first of its kind for PAR LMS. PAR LMS will continue to independently serve the tracking and communications needs of their respective federal and global account customers.
The agreement broadens PAR’s ability to offer a complete tracking/monitoring system to its customers and expands the Company’s presence in the United States and across North America . .
John W. Sammon III, Vice President & GM of PAR Logistics Management Systems, commented, “Consistent with our goal of pursing the high value/high interest shipping markets, and specifically the “cold chain”, PAR LMS is pleased to announce our agreement with Carrier Corporation. This development allows PAR to communicate with Carrier’s transportation refrigeration systems, and will provide end users with critical, real time information for better management, usage and protection of refrigerated cargo and the assets that move them.”
About Carrier Transicold
Carrier Transicold provides industry-leading transport temperature control and anti-idling solutions with a complete line of equipment for refrigerated trucks, trailers and containers, auxiliary power units for heavy-duty trucks and transport air conditioning systems for buses and recreational vehicles. Carrier Transicold is a business unit of Carrier Corp., which is headquartered in Farmington , Conn. , and is the world's largest provider of heating, air conditioning and refrigeration solutions with operations in 172 countries. It is a subsidiary of United Technologies Corp., a diversified company that provides a broad range of high technology products and services to the aerospace and building industries worldwide.
About PAR Logistics Management Systems
PAR Government Systems Corporation has developed a state-of-the-art solution for the monitoring of transport assets and cargo throughout the intermodal shipment lifecycle. Cargo*Watch provides customers with the tracking and tracing information needed to optimize logistics operations during highway, rail, ocean, and air transport. This technology has also been recognized to be an effective tool in providing port security and other Homeland Security areas. For additional information visit PAR’s Logistic Management Systems website at www.parlms.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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