Mikros Systems Announces Additional Navy Funding

8/9/17

PRINCETON, N.J., Aug. 09, 2017 (GLOBE NEWSWIRE) -- Mikros Systems Corporation(OTCQB:MKRS) announced today that it has received additional funding of $437,000 to provide engineering and technical support for its ADEPT (Adaptive Diagnostic Electronic Portable Testset) maintenance workstation product. Currently, there are more than 180 ADEPT systems deployed by the U.S. Navy. This is the third funding increment received in 2017 under a previously announced three-year $11.5 million delivery order.

Year-to-date, Mikros Systems has received over $2.6 million in U.S. Navy funding to support production, engineering and technical support of the ADEPT product line.

“We are proud to continue our 15-year partnership with the U.S. Navy to bring advanced maintenance capabilities to their mission critical systems around the world,” commented Chuck Bristow, Mikros Systems Chief Operating Officer. “This funding order will enable us to continue to promote ADEPT adoption into additional combat systems and ship classes.”

ADEPT is used by U.S. Navy cruiser and destroyers to maintain and optimize the performance of critical systems, including advanced radars such as the AN/SPY-1 phased array radar used by the Aegis combat system.

Mikros Systems will support the 180 ADEPT systems currently deployed throughout the world from its Fort Washington, Pennsylvania and Largo, Florida facilities.

Mikros Systems Corporation is an advanced technology company specializing in the development and production of electronic systems technology for advanced maintenance in military, industrial and commercial 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. For more information on Mikros, please visit: www.mikrossystems.com.

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