Press Release 15 June 2004

 

Mikros Systems Awarded SBIR Phase I Contract

PRINCETON, N.J., June 15, 2004 /PR Newswire-FirstCall/ -- Mikros Systems Corporation (BULLETIN BOARD: MKRS) announced the award of a Small Business Innovation Research (SBIR) Phase I contract from the Office of Naval Research.
 

Valued at approximately $100,000, the contract is for researching and evaluating techniques to minimize interference between the U.S. Navy radar and wireless communication systems.
 

Mikros is teamed with DRS Technologies (DRS) of Parsippany, New Jersey, the manufacturer of the AN/SPS-67 radar which will be used as the first test case for study.
 

Mikros President Thomas J. Meaney stated that this is another opportunity of combining the talents of a small business with the extensive radar system expertise of DRS Technologies, a leading supplier of defense electronic products and systems.
 

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.

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