PRINCETON, N.J., Sept. 8 /PRNewswire-FirstCall/ -- Mikros Systems Corporation
(OTC Bulletin Board: MKRS), announced today that Wayne E. Meyer - RADM (ret)
and Chairman of the Board of Mikros Systems Corporation, passed away last week
on September 1(st). Wayne was a key visionary and vital force in the initial
development of Mikros Systems Corporation. His expertise and foresight
provided a foundation from which the Company was able to build a capability
that has resulted in a product line that is expected to support the U.S. and
allied fleets for the foreseeable future.
Admiral Meyer's contribution to the National Defense is well known and is
articulated in the following quote from Admiral Gary Roughead, Chief of Naval
Operations, in a statement to the Navy News on September 1, 2009: "I am deeply
saddened by a great loss to our Navy family. Rear Admiral Meyer's passion,
technical acumen, and war-fighting expertise served as a foundation to our
Navy combatant fleet today. On behalf of the men and women of the United
States Navy, I extend my deepest and most heartfelt sympathy to the Meyer
family. He was a close friend and mentor to so many of us. His legacy will
remain in the Navy forever."
About Mikros
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.mikros.us
Source: Mikros Systems Corporation
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, 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, 2008 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
Thomas J. Meaney of Mikros Systems Corporation, +1-609-987-1513
