PAX Technology regarding recent events.

On Tuesday, October 26, 2021, PAX Technology, Inc. in the United States was subject to an unexpected visit from the Federal Bureau of Investigation (FBI) and other government agencies relating to an apparent investigation. PAX Technology is not aware of any illegal conduct by it or its employees and is in the process of engaging counsel to assist in learning more about the events that led to the investigation. Separately, we are aware of media reports regarding the security of PAX Technology’s devices and services. PAX Technology takes security very seriously. As always, PAX Technology is actively monitoring its environment for possible threats. We remain committed to providing secure and quality software systems and solutions. We intend to keep our team and customers apprised of the situation. In the meantime, it is business as usual at our locations and operations are continuing as normal. The PAX Jacksonville office and warehouse are both open at this time. -PAX Technology, Inc.
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