Mikros Systems Receives First Commercial Production Order for its Florida Manufacturing and Depot Center

PRINCETON, N.J., Sept. 28, 2016 /PRNewswire/ -- Mikros Systems Corporation (OTCQB: MKRS), a provider of advanced maintenance and monitoring solutions for mission-critical systems, announced today that it has received its first commercial full-rate production order for its manufacturing and depot center in Largo, Florida.

"Expanding the Largo facility's light manufacturing and integration services for commercial customers is a key component of our long-term growth strategy," said Mark Laureigh, Mikros Systems director of operations. "We continue to expand our custom manufacturing, build to print, box build and testing services and we look forward to continuing our work with the local high-tech community in Florida and beyond."

The Mikros Systems manufacturing and depot center in Largo, Florida was established in 2009 to manufacture and provide sustainment and logistics support for the Mikros Systems Adaptive Diagnostic Electronic Portable Testset (ADEPT^®) system for the U.S. Navy. The center has produced and delivered over 200 systems to date, and provides life-cycle support for all of these systems including calibration, repair and training. 

For more information on Mikros Systems' manufacturing capabilities, please visit the Mikros Systems website: http://wwwmikrossystems.com.

Mikros Systems Corporation is an advanced technology company specializing in the research and development of electronic systems technology for military, industrial and commercial applications.  Classified by the U.S. Department of Defense as a small business, Mikros Systems provides advanced maintenance and monitoring solutions for mission-critical systems. Mikros Systems supplies smart sensors, secure networks and data analytics for defense, commercial and industrial applications. When failure is not an option, Mikros Systems helps to minimize life-cycle costs by keeping systems running and optimizing performance.

A successful Department of Defense Small Business Innovator for over 25 years, Mikros Systems brings deep customer understanding, innovative design, and technical expertise to deliver leading edge advanced maintenance solutions for complex distributed systems. Mikros Systems is ISO 9001 certified. For more information on Mikros Systems please visit our website at 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 or implied by such forward-looking statements. Such factors include, but are not limited to, changes in business conditions, a decline or redirection of the U.S. Defense budget, significant delays or reductions in appropriations for our projects,  the termination of any contracts with the U.S. Government, 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, our ability to adequately integrate our new software offerings into our business model, 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, 2015 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.

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SOURCE Mikros Systems Corporation

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