PRINCETON, N.J., May 20, 2004/PR Newswire-FirstCall/ -- Mikros Systems Corporation (BULLETIN BOARD: MKRS) (the "Company")
announced today that it has received an additional $250,000 to its ongoing Multiple Function Distributed Analysis Tool (MFDAT) Phase II Small Business
Innovation Research (SBIR) contract with the U.S. Navy's Naval Surface Warfare Center. These funds will permit building an additional MFDAT Development
System and Development Workstations in anticipation of a Phase III SBIR MFDAT Low Rate Initial Production (LRIP) contract.
 

The MFDAT is an intelligent test tool which aids in the maintenance and alignment of complex electronic equipment such as DoD radars, FAA
radars, and military and commercial communication systems. The MFDAT program began in May 2002 with Mikros being awarded a competitively bid Phase I
SBIR contract. That performance led to award of the Phase II contract, valued at approximately $600,000 with a $150,000 option, to further pursue the MFDAT
system development. This additional $250,000 will expedite transition of the MFDAT program from development into production. The Company believes it will
receive funding for the MFDAT production program with the U.S. Navy later this year, coming from an approximately $3M appropriation for the Aegis AN/SPY-
1A radar readiness improvement authorized in the FY04 Congressional Bill.
 

Mikros Systems Corporation, a high technology company, is focused on the development and application of new technologies in government and
 commercial markets. Upon the award, President Thomas J. Meaney noted that it not only reflected the importance of the MFDAT to naval radars, but also
 confirmed the Navy's confidence in the company's design ability.
 

Source: Mikros Systems Corporation