PAR Technology Subsidiary Announces Largest Contract in Company History $490.4 Million Single Award IDIQ Contract with U.S. Air Force Research Laboratory Information Directorate

Rome, New York, 3 November 2021

PAR Government Systems Corporation (PGSC), a wholly-owned subsidiary of PAR Technology Corporation (NYSE: PAR), today announced that it has been awarded a $490,400,000 ceiling, single award, indefinite-delivery/indefinite-quantity contract with cost-plus-fixed-fee completion and firm-fixed-price type orders for Counter-small Unmanned Aircraft System (C-sUAS) software, hardware, and technical documentation. This is the largest single contract award in PAR’s history.

This contract provides for research, designing, prototyping, testing, evaluation, operational evaluation, experimentation, integration, technical installation, transition and support through initial operations of C-sUAS technologies.

Commenting on the award Matt Cicchinelli, President of PAR Government stated, “We are pleased that the Air Force has shown confidence in, and selection of PAR Government to support this important solution development and integration program. PAR Government will utilize our technical in-depth experience and knowledge gained over decades of working with the Department of Defense to accomplish the requirements of this important effort.”

Savneet Singh, PAR Technology’s CEO stated, “PAR is gratified to have been selected to provide advanced C-sUAS solutions in response to urgent mission needs. We have always prided ourselves on customer satisfaction and understand the critical role we play in supporting our operational customers and their requirements.”

Contract work will be performed in Rome, New York, and is expected to be a 6-year ordering period with a maximum of a 2-year Order Period of Performance beyond the ordering period.

This award is the result of a competitive acquisition. Fiscal 2021 research and development funds in the amount of $5,700,000 are being obligated at the time of award. Air Force Research Laboratory, Rome, New York, is the contracting activity (FA8750-21-D-1100).

About PAR Government

PAR Government is a leader in providing computer-based system design, engineering and technical services to the Department of Defense and various federal agencies. An ISO 9001:2015 and 27001:2013 certified company, PAR Government is a wholly owned subsidiary of PAR Technology Corporation (PAR), a leading global provider of software, systems, and service solutions to the restaurant and retail industries. PAR Technology Corporation’s stock is traded on the New York Stock Exchange under the symbol PAR.

About PAR Technology Corporation

PAR Technology Corporation (PAR) through its Government segment provides intelligence, surveillance, and reconnaissance (“ISR”) solutions and mission systems support to the Department of Defense and other federal agencies. PAR is also a leading global provider of software, systems, and service to the restaurant and retail industries, with 40+ years of experience and point of sale systems in nearly 100,000 restaurants and more than 110 countries, PAR is redefining the point of sale through cloud software and bringing technological innovation to all corners of the enterprise. PAR Technology Corporation’s stock is traded on the New York Stock Exchange under the symbol PAR. For more information, visit www.partech.com.