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Princeton, NJ / PRNewswire-FirstCall / September 8, 2009 – Mikros Systems Corporation (OTCBB:MKRS – News), announced today that Wayne E. Meyer – RADM (ret) and Chairman of the Board of Mikros Systems Corporation, passed away last week on September 1st. Wayne was a key visionary and vital force in the initial development of Mikros Systems Corporation. His expertise and foresight provided a foundation from which the Company was able to build a capability that has resulted in a product line that is expected to support the U.S. and allied fleets for the foreseeable future.
Admiral Meyer’s contribution to the National Defense is well known and is articulated in the following quote from Admiral Gary Roughead, Chief of Naval Operations, in a statement to the Navy News on September 1, 2009: I am deeply saddened by a great loss to our Navy family. Rear Admiral Meyer’s passion, technical acumen, and war-fighting expertise served as a foundation to our Navy combatant fleet today. On behalf of the men and women of the United States Navy, I extend my deepest and most heartfelt sympathy to the Meyer family. He was a close friend and mentor to so many of us. His legacy will remain in the Navy forever.”
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
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.