Mikros Systems Awarded $3 Million Task Order on Navy Littoral Combat Ship Program

PRINCETON, N.J. –September 26, 2016: Mikros Systems Corporation (OTCQB: MKRS), a provider of advanced maintenance monitoring solutions, announced today that it has received a $3 million task and delivery order from the U.S. Navy for production, logistics support and future development of its ADEPT® Distance Support Sensor Suite (ADSSS) Condition Based Maintenance (CBM) system for the Navy’s Littoral Combat Ship (LCS). The award is the first task and delivery order under the $48 million U.S. Navy indefinite delivery, indefinite quantity (IDIQ) contract awarded to Mikros Systems in September. The $48 million IDIQ contract covers multiple ship classes including the AEGIS class, a platform currently supported by Mikros Systems.

The ADEPT Distance Support Sensor Suite (ADSSS) uses smart sensors, model-based prognostics and secure fault-tolerant networking to implement CBM for mission-critical complex distributed systems. Under this task order, the ADSSS system will connect to LCS ship combat system sensor points for continuous monitoring and upload to the shipboard network. Currently, ADSSS is supporting the advanced maintenance requirements for eight of the 28 ships in the class.

“This award is the result of our ground-breaking technology and processes to advance condition-based maintenance for combat systems. We are proud of our legacy of support in ensuring the readiness of U.S. Navy combat systems and we look forward to expanding the ADSSS technology to additional LCS and U.S. Naval platforms,” said Mikros Systems President and CEO, Tom Meaney.

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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, 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, please visit: www.mikrossystems.com.

Source: Mikros Systems Corporation

CONTACT:  Thomas J. Meaney – (609) 987-1513

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