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Princeton, NJ /PRNewswire-FirstCall/ March 05, 2008 – Mikros Systems Corporation (OTCBB: MKRS), announced today a significant expansion of the Company’s wireless network planning activity with the U.S. Navy. Under the SBIR program, the Navy has funded Mikros and subcontractor Mobilisa, Inc. (Port Townsend, WA) to develop a Shipboard Wireless Network Design Tool, designated AIRchitect-EMC. This tool is a result of a joint software development between Mobilisa and Mikros over the past several years.
The Navy eventually plans to install wireless networks on 34 L-class amphibious ships. The Office of Naval Research (ONR) has funded a pilot program, known as Classified Wireless Network for Embarked Forces, to install networks on the first two ships of the class. The proposed Mikros program will use the AIRchitect-EMC software to support wireless network design and installation for the lead LHD, a very large amphibious assault ship for Marine Corps missions. Mikros engineers visited one LHD ship in San Diego in January 2008 and plan another pre-install survey in May. Mikros will work closely with the Navy’s wireless network experts in Charleston, South Carolina and San Diego, California.
The Company anticipates that new opportunities for applications using AIRchitect-EMC to design wireless networks for different ship classes, including other amphibious ships and aircraft carriers, will be increasing in the coming months. The Company is currently negotiating a similar program for one of the new Navy aircraft carriers.
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.
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.