PRINCETON, N.J. , Feb. 10 /PRNewswire-FirstCall/ -- Mikros Systems Corporation (OTC Bulletin Board: MKRS) announced today that it has been awarded a support contract on the Navy's Next Generation Command and Control Processor (NGC2P) program by Northrop Grumman Corporation.
In July 2008 , the U.S. Navy selected Northrop Grumman Corp. to develop the NGC2P system, a tactical data link (TDL) communications processor which provides warfighters with critical real-time information during combat operations. Mikros Systems will provide production support services at its new Largo, FL facility for the initial production runs of the NGC2P system and supporting Field Change Kit (FCK) equipment. Mikros will work closely with DRS Technologies in Tampa , which is producing the NGC2P equipment and also manufactures the Mikros ADEPT Test System for the AN/SPY-1 radar.
Mikros' new facility, located in the STAR TEC center in Florida's Pinellas County is convenient to Mikros' manufacturing partner DRS Technologies and other premier Department of Defense companies. This new facility will provide production and field support services for ADEPT, including Depot Level Repair, calibration, and upgrades to ADEPT units.
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
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.
SOURCE Mikros Systems Corporation
