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PAR gets boost from $500M acquisition of California firm
NEW HARTFORD, N.Y. — PAR Technology Corp. (NYSE: PAR), a provider of restaurant software, recently acquired a San Mateo, California firm that focuses on loyalty and guest-engagement products. New Hartford–based PAR acquired Punchh Inc. for about $500 million in cash and shares of PAR common stock. The acquisition was announced and closed on April 8. […]
PAR founder, Sammon, to step down from board of directors
He’s departing company after 53 years NEW HARTFORD, N.Y. — Fifty-three years after starting PAR Technology Corp. (NYSE: PAR) and 10 years after stepping down as CEO, John W. Sammon, Jr. will leave the company this June when he steps down from its board of directors. PAR Technology announced on April 12 that Sammon will
Application period opens for third year of Grow-NY business competition
The application window for the 2021 Grow-NY business competition is now open for submissions. Grow-NY is a business competition that focuses on “enhancing the emerging
Amazon to donate $1.75M for equipment at upcoming Syracuse STEAM school
SYRACUSE, N.Y. — Amazon (NASDAQ: AMZN) will be donating $1.75 million for robotics and computer-science technology improvements at the upcoming Syracuse STEAM school. STEAM is
Lockheed Martin’s Salina plant wins $8.4 million Air Force contract
SALI NA, N.Y. — Lockheed Martin Corp.’s (NYSE: LMT) plant in the town of Salina has been awarded an $8.4 million contract from the U.S. Air Force for the Three-Dimensional Expeditionary Long-Range Radar Rapid Prototyping Program. This pact provides for the development of an interface to the Air Force Control and Reporting Center’s AN/TYQ-23A system,
Lockheed Martin’s suburban Syracuse plant awarded $128 million Navy contract modification
SALINA, N.Y. — Lockheed Martin Corp.’s (NYSE: LMT) plant in the town of Salina has won a $128.4 million modification to a previously awarded Navy contract. The pact will exercise options for full-rate production of the Surface Electronic Warfare Improvement Program (SEWIP) AN/SLQ-32(V) 6. Work will be performed in Salina (78 percent) and Lansdale, Pennsylvania
Rome firm to add jobs with new $5M manufacturing facility
ROME, N.Y. — Cold Point Corporation of Rome plans to create up to 15 additional jobs “in the near term,” following the completion of its new $5.1 million, 50,000-square-foot manufacturing facility. The plant will house a “more efficient” industrial layout, add at least one additional manufacturing line, and double warehousing and distribution capacity, the office
NBT names Schindler, Clark to Southern Tier Advisory Board
Schindler has been president and CEO of Golden Artist Colors, Inc. since 2001. She joined the company in 1997 as controller and also served as
NUAIR, Florida nonprofit working to integrate drones in public safety, state-agency operations
SYRACUSE, N.Y. — NUAIR announced it is working with a Florida nonprofit to integrate drone technology into public safety and state-agency operations. Syracuse–based NUAIR is
Ithaca College professor, research partners awarded federal grant for computer-power research
ITHACA, N.Y. — An Ithaca College professor and his research partners will use a nearly $200,000 grant from the National Science Foundation as they search
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