PRINCETON, N.J., Jan. 14, 2013 /PRNewswire/ -- Mikros Systems Corporation (OTCBB: MKRS), announced today that they have been selected by Northrop Grumman to assist in the design of wireless networks on US Navy Submarines for the Consolidated Afloat Networks and Enterprise Services (CANES) program.
Mikros was selected as a small business partner on the Northrop Grumman CANES team for its proficiency in wireless network systems planning and installation support. Mikros has designed, planned, and supported installations of wireless networks aboard multiple classes of U.S. Navy ships. This capability should prove valuable to the CANES program. According to Signal Magazine, a leading defense industry trade journal, wireless networking "is a cornerstone capability and requirement for the Consolidated Afloat Network and Enterprise Services (CANES)."
"We have worked closely over the years with the Navy's technical community to develop specific knowledge and software tailored to meet the unique demands of installing and operating wireless networks in shipboard environments," said Tom Meaney, Mikros President. "We are excited to work alongside the rest of the Northrop Grumman CANES team and provide dedicated, professional expertise in this area."
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, a decline or redirection of the U.S. Defense budget, 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, 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, 2011 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