Press Release 19 February 2009

 

Mikros Systems Corporation Announces Executive Promotions

Princeton, NJ /PRNewswire/ February 19, 2009 – Mikros Systems Corporation (OTCBB: MKRS) announced the promotion of Henry Silcock to Chief Technology Officer and Marc Dalby to Vice President, Business Development and Program Management.  Mr. Silcock has been Senior Staff Engineer and the Company’s principal technology investigator and Mr. Dalby has been the Company’s Director of Program Development since 2007.

Mr. Silcock will be responsible for identifying technology trends and evolving requirements for Mikros target markets, evaluating and identifying appropriate technology platforms for use in Mikros programs, and communicating Mikros technology strategy to management, staff, partners, customers, and stakeholders. He will also work closely with Chuck Bristow, VP of Engineering, in building and developing the Mikros technical team, and establishing standards and processes for technology development and innovation.

Henry has been instrumental in advancing key Mikros programs, including the RWSE program which incorporated EMC analysis capabilities into the AIRchitect wireless network design and optimization tool; the KCVA program, which is developing simulation tools for weapons data link analysis; and wireless applications development for shipboard networks.  He has over 20 years experience in network and system simulation, software and microprocessor architecture, Digital Signal Processing (DSP) and real-time systems.  Henry has a B.A. in Mathematics and an M.S. in Computer Science.

Mr. Dalby will be responsible for developing new business opportunities and management of current programs and corporate objectives, including revenue and sales growth; expense, cost and margin control; and strategic planning. He will also oversee execution of business strategies for the Company’s products and services, and continue to collaborate with other Mikros managers on proposals and marketing activities.

Marc has successfully implemented processes and systems to better manage Mikros’ growing portfolio of technical programs and business development activities. Marc has led the ADEPT program development effort, working closely with Company engineers and customers, to establish this program in the Navy budget.  He has over 15 years experience in product development and has held senior-level program management and business development positions in both product and services-oriented organizations. Marc has a BS in Business and Marketing and an MBA.

“They will join Chuck Bristow, Mikros’ Vice President of Engineering, to provide senior leadership for our growing company,” said Thomas Meaney, President of Mikros. “This team has the expertise and drive to spearhead our technology development and business strategies as we move forward. Their combined knowledge of the technologies, strategies, and operational requirements for doing business in the defense and homeland security markets is a valuable strategic asset and will continue to contribute to Mikros’ ongoing success.”

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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