Press Release 14 October 2008

 

Mikros Systems Corporation Delivers its Second-Generation ADEPT V2 Units to the USS Bunker Hill

Princeton, NJ /PRNewswire-FirstCall/ October 14, 2008 – Mikros Systems Corporation (OTCBB: MKRS), announced today that it has delivered two ADEPT V2 systems to the USS Bunker Hill (CG-52). ADEPT is Mikros’ automated maintenance tool designed to significantly reduce the man-hours required to align the AN/SPY-1 Radar System aboard U.S. Navy AEGIS cruisers and destroyers, while optimizing system performance and readiness.  The USS Bunker Hill is the first ship receiving upgrades as part of the US Navy’s CG modernization program.

The ADEPT V2 carries a smaller footprint than its predecessor, the V1. The exterior dimensions of the unit were reduced by more than 50% and the weight of the unit was reduced from 48 lbs. to 23 lbs. The ADEPT V2 also features additional functionality not found in the V1 design, including support for the AN/SPY-1 Transmitter Alignment Tool (STAT), and increased digital instrument functionality.

The USS Bunker Hill has been evaluating the ADEPT V1 currently operated by the US Navy Southwest Regional Maintenance Center. With this delivery, the technicians aboard the USS Bunker Hill will now have direct ownership of new tools designed to improve readiness and reduce the time and complexity of maintaining advanced electronic systems.

Mikros will facilitate fleet introduction of ADEPT by sending our own Subject Matter Experts (SMEs) to the first ships receiving these units and to the Navy’s AEGIS Training and Readiness Center to provide initial training to Navy instructors and lead technicians.  This “train-the-trainer” approach is intended to establish a strong foundation of ADEPT system experts and improve the rate of fleet-wide acceptance and use of ADEPT as deliveries ramp up.

“This delivery represents a huge milestone for us as we continue to work with the Navy in executing its modernization program.  We expect this to be the first of many more deliveries over the next few years.  The Navy is prepared to order additional ADEPT units in the current fiscal year, and has requested information that suggests even larger orders are forthcoming over the next two to three years.  The fact that the Navy has asked us to deliver these units to the USS Bunker Hill is definitely a positive sign of future intentions, and we at Mikros are proud to provide equipment to the operating fleet that will ensure improved readiness,” stated Thomas Meaney, President of Mikros.

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.  For more information on Mikros visit: www.mikros.us

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, 2007 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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