RYDER Inc. selects PAR Logistics Management Systems as Tracking Systems Provider
Friday May 2nd 2008
NEW HARTFORD, N.Y.--(BUSINESS WIRE)--PAR Technology Corporation (NYSE: PTC - News), today announced that Ryder System, Inc. (Ryder) has selected PAR Logistics Management Systems as its Trailer Tracking solution. Under the terms of the arrangement, Ryder plans to roll out PAR’s enterprise solution for dry trailers, refrigerated trailers and refrigerated straight trucks.
PAR’s Tracking systems provide essential information to Ryder on asset location, status, and serviceability. Ryder will be able to utilize real time information to provide their customers with the most reliable and protected services for both perishable and non perishable commodities.
John W. Sammon III, Vice-President & GM of PAR Logistics commented, “We are thrilled to have been chosen by Ryder Inc. PAR Logistics has prided itself on offering the most cost affective, reliable, progressive, tracking solutions to end users of our technologies and this announcement is indeed a testament to that end. We look forward to collaborating closely with Ryder’s experienced team to bring new levels of value, innovation, and real world efficiency to Ryder’s extensive customer base for many years to come.”
About RYDER
Ryder provides leading-edge transportation, logistics, and supply chain management solutions worldwide. Founded in Miami, Florida in 1933 today Ryder operates more than 165,000 vehicles worldwide. Ryder's stock is a component of the Dow Jones Transportation Average and the Standard & Poor's 500 Index. Ryder ranks 362nd on the Fortune 500 and 1,458th on the Forbes Global 2000. For more information on Ryder System, Inc., visit www.ryder.com
ABOUT PAR LOGISTICS
A wholly owned subsidiary of PAR Technology, Par Logistics began in 1998 by providing best of breed tracking systems for the United States Department of Transportation. Over the last decade PAR Logistics has grown to become the leader in commercial asset tracking for road, rail, and shipping markets by providing integrated solutions for all types of vehicles. For more information about PAR Logistics please visit www.parlms.com
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 45,000 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. For more information visit the Company's website at www.partech.com.