SEE HOW THEY WORK TOGETHER
Mikros Systems Corporation (OTCBB: MKRS), Princeton, New Jersey, May 11, 2005 — Mikros Systems Corporation is pleased to announce on May 2, 3, and 4 the Company participated in a Navy Industry Conference in Reston, VA which was a forum for 140 small businesses exhibiting their new products.
The Transition Assistance Program (TAP) is sponsored by the U.S. Navy and brings together these companies with larger company representatives and government executives. The objective is to help the companies transition from development (Phase 2 SBIR) to production or commercialization of the products (Phase 3).
On the second day, Mikros gave a 20-minute presentation on the Adaptive Diagnostic Electronic Portable Testset (ADEPT(R)) equipment that is being developed on a contract with NSWC Dahlgren. In addition, the working equipment was on display for three days in the Mikros display booth. There are photos of the booth and the Mikros staff on our website www.Mikros.us.
Mikros was able to demonstrate ADEPT to a number of the largest defense contractors and key government officials. Over a dozen marketing leads resulted from the three-day conference and the company will be following up on these potential opportunities aggressively.
The initial application of ADEPT is to improve the maintainability of the Navy’s SPY-1 radars and other shipboard radars and electronic equipment. It also extends to the commercial sector such as FAA radars, cellular stations, and other electronic equipment.
Mikros Systems Corporation is a high technology company focused upon the development and application of new technologies in the defense industry and commercial markets.
The public is encouraged to view the Mikros website (www.Mikros.us) for further information and updates on the Company.
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.