Princeton, NJ
/PRNewswire-FirstCall/February
8, 2008 - Mikros Systems Corporation (OTCBB: MKRS ) announced today
that its ADEPT Radar Test Set equipment is a candidate for inclusion
in the equipment baseline of the United States Navy AEGIS Cruiser
(CG) and Destroyer (DDG) Modernization program.
The ADEPT
system, developed by Mikros under the Navy’s Small Business
Innovation Research program, has been extensively tested by the Navy
on land and at sea, and has proven to be an invaluable tool in
maintaining the most advanced shipboard radar systems. ADEPT has
been designed to assure optimum radar performance, improve readiness
and reduce equipment down time. Improvements to the mission
effectiveness of the AEGIS fleet are particularly timely as these
ships will support the Navy’s Ballistic Missile Defense (BMD)
capability.
In 2007 the
Navy ordered ten units of the new lightweight ADEPT model. The Navy
recently obtained 2008 funding for additional systems. Up to 84
ships are eligible to be equipped with multiple ADEPT units per ship
to test and align the AN/SPY-1 phased array radar.
”This
product began as a tool to enhance the readiness of the SPY-1 radar,
but it is developing into a much broader set of applications,” said
Tom Meaney, President of Mikros.
Development
work is underway to apply the ADEPT system to other shipboard
systems beyond the SPY-1 radar, which could further enhance
readiness. ADEPT distance support capabilities will allow
remotely-located subject matter experts to perform preventive and
corrective maintenance activities, potentially providing significant
maintenance cost savings to the fleet.
Mikros is
also currently pursuing other ADEPT market opportunities, including
aircraft carriers, amphibious ships, submarines, and the allied
fleets.
About
Mikros
Mikros Systems Corporation is an advanced technology company
specializing in the research and development of electronic systems
technology primarily for military applications. Classified by the
U.S. Department of Defense as a small business, its capabilities
include technology management, electronic systems engineering and
integration, radar systems engineering, combat/command, control,
communications, computers and intelligence systems engineering, and
communications engineering. Mikros’ primary business is to pursue
and obtain contracts from the Department of Homeland Security, U.S.
Navy, and other governmental authorities.
Source: Mikros Systems Corporation
CONTACT: Thomas
J. Meaney 609-987-1513
Important
Information about Forward-Looking Statements: All statements in
this news release other than statements of historical facts are
forward-looking statements which contain our current expectations
about our future results. Forward-looking statements involve
numerous risks and uncertainties. We have attempted to identify any
forward-looking statements by using words such as "anticipates,"
"believes," "could," "expects," "intends," "may," "should" and other
similar expressions. Although we believe that the expectations
reflected in all of our forward-looking statements are reasonable,
we can give no assurance that such expectations will prove to be
correct. Such statements are not guarantees of future performance or
events and are subject to known and unknown risks and uncertainties
that could cause the Company's actual results, events or financial
positions to differ materially from those included within the
forward-looking statements. Such factors include, but are not
limited to, changes in business conditions, changes in our sales
strategy and product development plans, changes in the marketplace,
continued services of our executive management team, our limited
marketing experience, competition between us and other companies
seeking SBIR grants, competitive pricing pressures, market
acceptance of our products under development, delays in the
development of products, statements of assumption underlying any of
the foregoing, and other factors disclosed in our annual report on
Form 10-KSB for the year ended December 31, 2006 and other filings
with the SEC. Readers are cautioned not to place undue reliance on
these forward-looking statements, which speak only as of the date
made. Except as required by law, we undertake no obligation to
disclose any revision to these forward-looking statements to reflect
events or circumstances after the date hereof.