Fast Food and QSRs
ParTech, Inc., Quick Kiosk Partner to Offer Pioneering Self-Service Solutions for Fast-Food Market
October 27, 2003 09:03
ParTech, Inc., Quick Kiosk Partner to Offer Pioneering Self-Service Solutions for Fast-Food Market
New Strategic Partnership Agreement between Point-of-Sale and Self-Service Technology Leaders Will Revolutionize the Quick Service Restaurant Experience
LONG BEACH, Calif., Oct 27, 2003 (BUSINESS WIRE) -- ParTech, Inc., a subsidiary of PAR Technology Corporation (NYSE:PTC), and a leading provider of software, hardware and service solutions to the hospitality and retail industries, and Quick Kiosk, A Kinetics Company LLC, a leading provider of self-service solutions to the Quick Service Restaurant (QSR) industry, today announced they have formed a strategic partnership. The announcement of the partnership was made at this year's Food Service Technology Conference at the Long Beach, California, Convention Center.
Under this agreement Quick Kiosk and ParTech will work cooperatively to become an industry-leading provider of self-service solutions for the QSR and entertainment markets, possibly expanding in the future to other vertical markets.
"We are thrilled to ally ourselves with the most dominant player in the QSR point-of-sale (POS) market," said Todd Liebman, president of Quick Kiosk. "The potential of this type of strategic alliance is truly limitless. By combining our strengths, we can offer a product that will not only fulfill the needs of today's quick-service franchisees, as well as other hospitality and leisure markets, and their customers, but help anticipate future changes in those needs and meet them expeditiously and effectively."
"This partnership further connects ParTech with its core customers (restaurants, movie theatres, cruise lines, commercial banks, recreation sites) and their hospitality technology requirements," said Greg Cortese, CEO & president of ParTech, Inc. "Quick Kiosk's presence in the hospitality marketplace is a key method to further introduce combined (PAR/Quick Kiosk) solutions to other transaction based markets and showcase the superior quality of the software, hardware, and services of both Quick Kiosk and ParTech."
Self-service QSR ordering kiosks are one of the newest and most intriguing uses of self-service technology, and for the small number of owner/operators who now use them, the results have easily exceeded expectations. Self-service helps increase the average total receipt, increases repeat business, gets orders correctly every time, improves point-of-purchase merchandising and increases productivity.
PAR has provided integrated solutions to the restaurant, movie theatre, cruise line and recreation industries for over 25 years. Its POS management technology integrates both software applications and PAR's Pentium-based hardware platform. This hospitality management system can host fixed, as well as wireless, order-entry terminals, may include video monitors and/or third-party-supplied peripherals networked via an Ethernet local area network (LAN) and is accessible to enterprise-wide network configurations. PAR also provides extensive systems integration and professional service capabilities to design, tailor and implement solutions that enable its customers to manage, from a central location, all aspects of data collection and processing for single or multiple site enterprises.
As a subsidiary of Kinetics, Inc., Quick Kiosk will be able to utilize the expertise of the company that pioneered the modern airline self-service era. Kinetics now provides self-service technologies to 10 major North American airlines that offer self-service check-in services to their passengers, representing more than two-thirds of the total market.
Quick Kiosk has already introduced its self-ordering kiosks at approximately 50 McDonald's franchises in 15 metropolitan areas of the United States. The terminals allow McDonald's customers to self-service order at freestanding or countertop kiosks, using either credit card, debit card or cash for payment. They also allow for quick and easy ordering, with a suite of multi-media capabilities, including audio and animations. Customers can easily modify their orders to suit their personal preferences.
Although Quick Kiosk's current sales have been directed primarily at McDonald's franchises, the new strategic partnership agreement will open a vast new array of potential customers that could benefit from self-service technology.
ABOUT PAR TECHNOLOGY
PAR Technology Corporation is a leading provider of professional services and enterprise business intelligence software. PAR develops, markets and supports hardware and software products that improve the ability of business professionals to make timely, fact-based business decisions. PAR has been a leader in providing computer-based system design and engineering services to the Department of Defense and Federal Government Agencies. The Company is the world's largest supplier of Point-of-Sale systems to the quick service restaurant market with over 35,000 systems installed in over 95 countries. PAR Technology Corporation's stock is traded on the New York Stock Exchange under the symbol PTC. More information can be found on the Company's website at www.partech.com.
ABOUT QUICK KIOSK
Framingham, Mass.-based Quick Kiosk, A Kinetics Company LLC, is a leading provider of innovative self-service solutions to the Quick Service Restaurant industry, using the time-tested hardware and innovative enterprise and e-commerce technology developed both by Quick Kiosk and Kinetics to create a state-of-the-art turnkey solution for any restaurant that wants to take advantage of the myriad benefits of self service. For more information, visit www.quickkiosk.com or www.kineticsusa.com.
SOURCE: Quick Kiosk, A Kinetics Company LLC
Quick Kiosk, a Kinetics Company LLC
Jim Brown, 407-333-4100, Ext. 142
or
PAR Technology Corp.
Chris Byrnes, 315-738-0600
Posted by Craig at October 27, 2003 02:44 PM