Press Release 01 December 2009

 

Mikros Systems Corporation's Adaptive Diagnostic Electronic Portable Testset (ADEPT^®) Earns Top Scores in Navy's Trident Warrior 2009 Experiment

Princeton, NJ / PRNewswire-FirstCall / December 1, 2009 – Mikros Systems Corporation (OTCBB: MKRS – News), announced today that  its  Adaptive Diagnostic Electronic Portable Testset (ADEPT) product received the highest scores possible in the US Navy’s Trident Warrior experiment in 2009.

Mikros demonstrated ADEPT’s capability to perform advanced distance support for the US Navy’s Aegis System. During the experiment, ADEPT was used to transfer health and performance data for the SPY-1 radar using secure data links. This information was viewed in near-real-time by subject matter experts in California, while the ship performed maneuvers in the Atlantic Ocean.

Each technology demonstrated during the Trident Warrior experiment receives a final grade, which is used to establish its overall utility to the Government. This grade is presented to high-level military planners and is often used to determine future budgets and resource allocations for the technologies demonstrated. The Military Utility Assessment process for Trident Warrior 2009 was completed last week and ADEPT received the highest grades possible. “This is a very important achievement,” states Tom Meaney, Mikros President. “We have been told that ADEPT was one of the best Trident Warrior experiments this year.  We would expect that these stellar results will help us maintain the funding levels currently proposed for the program, and make it easier to secure the future funding needed to grow the program in support of other radar and electronic systems.”

The company anticipates the award of a five-year indefinite-delivery, indefinite-quantity contract for immediate and future procurement of ADEPT systems, as well as continued research, development, and lifecycle support. This contract is in the final stages of the Government audit process. Once this is complete, Mikros anticipates another 30 to 45-day negotiation period before contract award. The initial award will include orders for 10 to 35 ADEPT systems, with additional orders for more systems and continued development and support thereafter.  Mikros believes that this contract, if awarded, could generate up to $4-5 million annually for the Company over the next 5 years.

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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