PRINCETON, N.J., July 29 /PRNewswire-FirstCall/ -- Mikros Systems Corporation (OTC Bulletin Board: MKRS), announced today the successful demonstration of their Adaptive Diagnostic Electronic Portable Test set (ADEPT) at the US Coast Guard Training Center in Petaluma, California. The demonstration took place on Tuesday, July 20, and Wednesday, July 21.
Attendees from the US Navy and Coast Guard saw live demonstrations of ADEPT system and its ability to perform maintenance on the TRS-3D radar. The TRS-3D radar is the main air surveillance radar on the Littoral Combat Ship (LCS), the latest surface combatant being fielded by the US Navy. There are two LCS class ships in service and the Navy plans a fleet of approximately 55 ships. Mikros engineers also demonstrated the remote operation and distance support capabilities of ADEPT.
Mikros President Tom Meaney remarked, "This is an important milestone for the ADEPT program. The distance support capabilities of ADEPT fit well with the maintenance plans for the Littoral Combat Ship and other programs. As we continue to fulfill our $26 million IDIQ contract by fielding ADEPT Units in Navy cruisers and destroyers, important Navy and other defense personnel are experiencing first-hand the efficiencies and benefits of our ADEPT system. As a result of our ability to improve mission readiness and the performance of important shipboard electronic systems, we expect other programs and even other branches of the service to take notice. We continue to believe that ADEPT will be a huge program for us for many years to come."
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.mikrossystems.com.
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, decline in or a redirection of the U.S. defense budget, 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-K for the year ended December 31, 2009 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.
SOURCE Mikros Systems Corporation