Mikros Systems Corporation Announces New Board Member and Officer

PRINCETON, N.J., May 2, 2002 /PR Newswire-FirstCall/ -- Mikros Systems Corporation (BULLETIN BOARD: MKRS) announced today the election of Paul G. Casner, Jr. to the Board of Directors, and the appointment of David Bryan as Executive Vice President and Chief Operating Officer.
 

Mr. Casner has more than 35 years of defense industry experience, which includes senior positions in business management, technical management, strategic planning and business development. He is currently Executive Vice President, Chief Operating Officer of DRS Technologies, Inc., overseeing all domestic and international operations. Mr. Casner, with his extensive defense industry experience and creative vision for successful business development, will be a welcome addition to the Mikros Board of Directors.
 

David Bryan, in his role as Executive Vice President and Chief Operating Officer for Mikros, brings 25 years of executive, engineering, marketing, and operations management experience to this position. He has worked in general management, business development, engineering staff management, research and development management, program/project management, and proposal management.
 

Mr. Bryan's appointment followed the U.S. Navy's notification to Mikros Systems Corporation that the Company has been selected for a Small Business Innovative Research award in May 2002. Mikros is teaming with Anteon Corporation of Fairfax, VA on the SBIR. Using the Aegis SPY-1 Radar as a test bed, this project will focus on developing standardized test equipment and testing processes, using modern computer program techniques that are enabled by recent advances in information technology. This in turn will provide a foundation for new methods of system maintenance, alignment, fault detection and isolation. The goals for this project include reduced maintenance, increased system reliability and more effective use of maintenance crews. Potential applications are envisioned in other radar systems, both military and commercial.
 

Mikros Systems Corporation is a high technology company focused upon the development and application of new technologies in both the defense industry and commercial markets.
 

The Company is presently seeking $3-5M financing in order to execute its business plan for data services utilizing an AM commercial radio network. This low-cost National Communication Network concept has been proposed to the Department of Defense for its Homeland Defense initiative. There is no guarantee that the Company will be able to obtain this financing to continue the business.