Press Release 2 June 2008

 

Mikros Systems to Participate in U.S. Navy's Small Business Innovation Research Opportunity Forum

 

Princeton, NJ /PRNewswire-FirstCall/ June 2, 2008 – Mikros Systems Corporation (Fort Washington, PA: OTCBB MKRS), announced today that it will participate in the U.S. Navy’s 8^th SBIR Opportunity Forum, to be held at the Hyatt Regency Crystal City in Arlington, VA beginning June 2^nd and ending June 4^th  The theme of this year’s forum is “Transitioning Technology to the Fleet” and Mikros will be showcasing its test automation and wireless network programs, both funded under the SBIR program.

The Opportunity Forum features presentations and exhibits by 200 small businesses, and provides a key opportunity for Navy and prime contractor acquisition personnel and program managers to develop relationships with small businesses that offer innovative technologies to complement their systems capabilities.

“We have worked successfully with major Navy prime contractors to transition our ADEPT test automation products to the Fleet,” said Marc Dalby, Director of Program Development at Mikros.  “At the forum this year, we will be focusing on our AIRchitect-EMC wireless network design tool, which has been well received by the Navy.  We expect that AIRchitect-EMC will be applied more broadly as the Navy continues to expand wireless network deployments”.

The Navy Opportunity Forum process provides increased business acumen, quality contacts, information, and tools that help companies transition their SBIR technologies to viable commercial products. According to the forum organizers, more than 40 companies have each achieved in excess of $1,000,000 in sales and/or investments during the 18-month period following the 2005 and 2006 Opportunity Forums.

For more information on the SBIR Opportunity Forum visit: http://www.navyopportunityforum.com/

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.

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