Press Release 4 May 2006

Mikros Systems Corporation Awarded SBIR Phase II Contract

Mikros Systems Corporation (OTCBB: MKRS), Princeton, New Jersey, May 4, 2006 -- Mikros Systems Corporation is pleased to report it was awarded an SBIR Phase II contract from Space and Naval Warfare Systems Command (SPAWAR), San Diego, as a follow-on to its SBIR Phase I work performed under the SBIR topic entitled Radar Wireless Spectral Efficiency (RWSE). The total award is valued at approximately $750,000 divided into a $600,000 base program and a $150,000 option program.

This SBIR Phase II effort will focus on the real world implications of incorporating wireless networking into the aircraft carrier (CVN platform) environment. The overall technical objective is to facilitate the introduction of commercial wireless communication systems, e.g. Wi-Fi, onto the U.S. Navy CVN platform through: (1) the identification and testing of potential own-ship electromagnetic interference (EMI) issues; (2) the development and testing of viable mitigation technologies to overcome adverse EMI effects; and (3) the development of a CVN Wi-Fi network planning tool to support networking within a highly reconfigurable shipboard environment. This contract is initially for the CVN platform but is expected to be eventually applicable to other U.S. Navy ships.

The public is encouraged to view the Mikros website (www.Mikros.us) for further information and updates on the Company.

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

Source: Mikros Systems Corporation

CONTACT: Thomas J. Meaney (609) 987-1513

Certain matters discussed in this press release are "forward-looking statements" intended to qualify for the safe harbors from liability established by the Private Securities Litigation Reform Act of 1995. Such forward-looking statements include, without limitation, statements regarding technology under development, strategies and objectives. The forward-looking statements include risks and uncertainties, including, but not limited to, the anticipated size of and growth in the markets for the Company's products, the trends favoring the use of the Company's proposed commercial products, the anticipated demand for the Company's new products, the timing of development and implementation of the Company's new product offerings, the utilization of such products by the Company's clients and trends in future operating performance, and other factors not within the Company's control. The factors discussed herein and expressed from time to time in the Company's filings with the Securities and Exchange Commission could cause actual results and developments to be materially different from those expressed in or implied by such statements. The forward-looking statements made herein are only made as of the date of this press release and the Company undertakes no obligation to publicly update such forward-looking statements to reflect subsequent events or circumstances.

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