Date: Friday, 21-Nov-97 04:25:23 GMT Server: NCSA/1.3 MIME-version: 1.0 Content-type: text/html Last-modified: Wednesday, 12-Nov-97 13:50:23 GMT Content-length: 3736
Founded in 1968 by Dr. John Sammon, PAR Technology Corporation ("PTC")
designs and manufactures advanced computing systems for commercial and government
customers throughout the world. Initially, various agencies and departments of the United
States Government funded PTC through development and consulting contracts to provide
computerized pattern recognition systems and services ("PAR" is an acronym for
Pattern Analysis and Recognition).
PTC is listed on the New York Stock Exchange (Ticker Symbol: PTC) and in 1996, the Company
generated revenues of $117.7 million.
PTC is the parent of four autonomous subsidiaries established to best serve the unique
needs of its customers and to address the different requirements of its target markets.
The Company's largest subsidiary, ParTech, services two
growing industries: computerized Point of Sale ("POS") systems primarily for
quick service restaurants ("QSR") or "fast food" restaurants and
Industrial Transaction Processing Systems ("ITPS"), factory floor data
collection systems for the industrial sector. PTC is also the parent corporation of PAR Government Systems Corporation ("PGSC"), Rome Research Corporation ("RRC"), both government
contractors, and PAR Vision Systems Corporation
("PVSC") which offers two vision products, an ophthalmic imaging system, the
PAR Corneal Topography System (CTS TM) and an on line automatic x ray inspection system
for packaged goods, QSCAN (R). PTC's 28% annual growth rate (Compound Annual Growth Rate
(CAGR) from 1991 to 1996) in revenues has primarily come from its largest subsidiary,
ParTech.
1996 PTC Revenues
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