SUBWAY(R) Restaurants Selects ParTech, Inc. to Provide In-Store Technology and Services
New Hartford, N.Y.--(BUSINESS WIRE)--ParTech, Inc. a company transforming the hospitality technology sector as a leading provider of software and hardware solutions to restaurants, hotels, spas and retail industries, today announced that the SUBWAY® restaurant chain has selected PAR as their supplier of in-store hardware point-of-sale (POS) terminals. In addition SUBWAY® restaurants will utilize PAR's global capabilities and infrastructure during their new world-wide technology implementation for deployment and lifecycle support services. ParTech, Inc. is a wholly owned subsidiary of PAR Technology Corporation (NYSE- PTC).
After a thorough evaluation period, the SUBWAY® chain selected PAR's EverServ™ POS hardware solution for their next generation in-store hardware platform over several other vendors. PAR's design combines flexibility, scalability, and durability in a smart compact point-of-sale terminal. This next generation hardware offering provides peak performance with powerful processors for improved graphics and increased speed of service. By design, PAR's hardware solutions contain energy-saving features and rugged architecture that highlight a low total cost of ownership and long product lifespan. PAR worked very closely with the SUBWAY® technology team to ensure that all of the brand's technology requirements were met and exceeded.
"During our detailed evaluation and selection process PAR exceeded our rigorous requirements through their POS technology expertise and experience. They provide not only a solution that fits our unique needs and outperformed all reliability and regression testing, but PAR has proven to us that they stand by their product.'' said Thys Van Hout, SUBWAY® Chief Technology Officer. "PAR's open, flexible technology and robust functionality makes it easier to integrate within our restaurants in a way that is seamless to our in-store operations. We know the selection of PAR will provide significant added value for our business, franchisees and customers."
"The Subway chain's foresight concerning their restaurant business, especially when it comes to leveraging technology to energize new business strategies, is second to none. PAR's technology, market reputation and international capabilities for deployment and lifecycle support resonated within Subway as they made their next-generation technology decision," commented Ed Soladay, President of ParTech, Inc. "We're pleased to have been selected by Subway to facilitate their efforts to exceed their customers' expectations through first-rate guest service and increase its operational efficiency through this strategic initiative. PAR's selection by Subway continues to strengthen and broaden our position in the hospitality and restaurant business segment. Subway brings multiple market and regional opportunities under one diversified agreement, which fits the ongoing business model for PAR."
About SUBWAY® Restaurants
With more than 30,700 locations in 88 countries, the SUBWAY® restaurant chain is the world's largest submarine sandwich franchise. Headquartered in Milford, Connecticut, USA, the SUBWAY® restaurant chain was co-founded by Fred DeLuca and Dr. Peter Buck in 1965. That partnership, which continues today, marked the beginning of a remarkable journey — one that made it possible for thousands of individuals to build and succeed in their own business. The SUBWAY® brand has been named "America's Top Global Franchise" and the number one franchise opportunity for 2009 in Entrepreneur magazine's "Annual Franchise 500" ranking, an honor that it has received for 16 of the past 22 years.
About Par Technology
PAR Technology Corporation creates and markets products that help hospitality operators around the world to better manage money, materials, people and the guest experience. PAR has provided hardware, software and services to the world's largest restaurant chains and their franchisees for almost 30 years. Today the Company's extensive offering includes technology solutions for the full spectrum of hospitality operations, from boutique hotels and independent table service restaurants to international QSR chains, all backed by PAR's global service network. The Company has over 50,000 installations in 105 countries worldwide. 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.
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