PRINCETON, N.J., Oct. 22 /PRNewswire-FirstCall/ -- Mikros Systems Corporation
(OTC Bulletin Board: MKRS), announced today the election of Paul G. Casner,
Jr. to serve as Chairman of the Board of Directors.
Mr. Casner brings more than 40 years of defense industry experience to this
position. He has been a member of the Mikros Board of Directors since May
2002. Mr. Casner is the Chief Executive Officer and President of Integral
Systems and former Chief Operating Officer of DRS Technologies. He holds a
Bachelor of Science degree in Electrical Engineering from Drexel University
and Master of Science degree in Management Science from the John's Hopkins
University, where he was a principal member of their technical staff.
Mr. Casner also serves on the Board of Directors of Atair Aerospace, Aurora
Flight Sciences Corporation, and Integral Systems. Mikros President Tom
Meaney stated, "Mr. Casner brings a high level of energy and industry
knowledge to our Board. We look forward to his guidance and leadership as we
work to develop and deploy business strategies to advance the company to the
next level."
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
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, 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, 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
