Mikros Systems Corporation Receives Additional Funding on RWSE Contract

Mikros Systems Corporation (OTCBB: MKRS), Princeton, New Jersey, May 16, 2007 --  Mikros Systems Corporation is pleased to report it has received SBIR Phase II funding through Space and Naval Warfare Systems Command (SPAWAR), San Diego.  This $750,000 effort is a spin off of work performed under the SBIR topic entitled Radar Wireless Spectral Efficiency (RWSE). 

This SBIR Phase II effort, entitled ‘Kill Chain Vulnerability Analysis Tool’ focuses on the interaction between tactical data links and interferers such as hostile jammers.  Mikros will work closely with engineers from the Naval Air Warfare Center Weapons Division (NAWCWD), located in China Lake, California.  NAWCWD, a division of Naval Air Systems Command (NAVAIR), is responsible for ‘Arming the Fleet’. The technical objective of this effort is to develop simulation models that can be used to predict the performance of data links in a jamming environment. 

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

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.