SUBSCRIBE TO TMCnet
TMCnet - World's Largest Communications and Technology Community

TMC NEWS

TMCNET eNEWSLETTER SIGNUP

Mikros Receives Additional Funding for Condition-Based Maintenance on the U.S. Navy's MK 99 Fire Control System
[July 09, 2018]

Mikros Receives Additional Funding for Condition-Based Maintenance on the U.S. Navy's MK 99 Fire Control System


PRINCETON, N.J., July 9, 2018 /PRNewswire/ -- Mikros Systems Corporation (OTCQB: MKRS), an advanced technology company specializing in electronic systems technology for advanced maintenance in military, industrial and commercial applications, announced today that it has received a follow-on $2.5 million contract from the U.S. Navy to continue to develop its Condition-Based Maintenance (CBM) systems for the Navy's MK 99 Fire Control System (FCS).

Mikros Systems Corporation logo. (PRNewsFoto/Mikros Systems Corporation)

Mikros is developing a new variant of its ADSSS system, an advanced network-based remote monitoring and maintenance system which collects performance data in real-time and uses it to detect and predict failures.   The ADSSS system, which recently received official Navy nomenclature as the AN/SYM-3, is currently used on the Navy's Littoral Combat Ship (LCS) to monitor two other radars and combat system elements.  The new variant of the SYM-3, which will monitor the Director in the MK 99 system, has been in development since 2017.  The new contract award covers continued development, at-sea testing, and validation of the system.  Under this contract, Mikros' CBM technology will be used for the first time in the Navy's Aegis surface combatant fleet of destroyers and cruisers.

"We've been working on the Aegis variant system for over a year now and have had encouraging results from preliminary land-based testing.  We'll be performing the first shipboard testing this summer as part of the Navy's annual FLEX/RIMPAC exercise," said Mikros Program Manager Jason Hodge.  "The Aegis community has been using our AN/PSM-132 system for preventative maintenance on the SPY-1 radar for several years.  This contract will allow us to complete development and testing of the new systemswith the ultimate goal of large scale production to serve the Aegis class ships."



The program will apply both model-based Prognostics Framework technology to detect and predict failures on each ship, and "big data" predictive analytics on-shore using a machine learning approach to analyze data from all ships and detect large-scale trends, patterns and anomalies.

"The expansion of the AN/SYM-3 system to the MK 99 FCS highlights the extensible nature of the system, and marks the third ship type utilizing Mikros' CBM+ system.  Mikros is working with several other organizations inside and outside of the Navy as we continue to expand the distribution of our remote monitoring and maintenance systems," stated Chuck Bristow, COO.


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. 

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 software offerings into our business model, our ability to market our solutions to commercial customers, numerous other matters of national, regional and global scale, including those of a political, economic, business and competitive nature, 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, 2017 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.

Cision View original content with multimedia:http://www.prnewswire.com/news-releases/mikros-receives-additional-funding-for-condition-based-maintenance-on-the-us-navys-mk-99-fire-control-system-300676731.html

SOURCE Mikros Systems Corporation


[ Back To TMCnet.com's Homepage ]







Technology Marketing Corporation

35 Nutmeg Drive Suite 340, Trumbull, Connecticut 06611 USA
Ph: 800-243-6002, 203-852-6800
Fx: 203-866-3326

General comments: tmc@tmcnet.com.
Comments about this site: webmaster@tmcnet.com.

STAY CURRENT YOUR WAY

© 2018 Technology Marketing Corporation. All rights reserved | Privacy Policy