Press Release 11 May 2005

 

Mikros Systems Corporation Participates in Navy Industry Conference

Mikros Systems Corporation (OTCBB: MKRS), Princeton, New Jersey, May 11, 2005 --  Mikros Systems Corporation is pleased to announce on May 2, 3, and 4 the Company participated in a Navy Industry Conference in Reston, VA which was a forum for 140 small businesses exhibiting their new products.

The Transition Assistance Program (TAP) is sponsored by the U.S. Navy and brings together these companies with larger company representatives and government executives.  The objective is to help the companies transition from development (Phase 2 SBIR) to production or commercialization of the products (Phase 3).

On the second day, Mikros gave a 20-minute presentation on the Adaptive Diagnostic Electronic Portable Testset (ADEPT^®) equipment that is being developed on a contract with NSWC Dahlgren.  In addition, the working equipment was on display for three days in the Mikros display booth.  There are photos of the booth and the Mikros staff on our website www.Mikros.us.

Mikros was able to demonstrate ADEPT to a number of the largest defense contractors and key government officials. Over a dozen marketing leads resulted from the three-day conference and the company will be following up on these potential opportunities aggressively. 

The initial application of ADEPT is to improve the maintainability of the Navy’s SPY-1 radars and other shipboard radars and electronic equipment. It also extends to the commercial sector such as FAA radars, cellular stations, and other electronic equipment.

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

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

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.

 

 

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: Trish Kapp (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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