Mercury Computer Systems Signs Exclusive Licensing Agreement with Honeywell for Mercury's...

Mercury Computer Systems Signs Exclusive Licensing Agreement with Honeywell
for Mercury's VistaNav 3D Synthetic Vision Product Line

CHELMSFORD, Mass., April 22 /PRNewswire-FirstCall/ -- Mercury Computer
Systems, Inc. (NASDAQ: MRCY) a leading provider of high-performance computing
solutions for HPC and embedded computing markets, announced it has licensed
exclusively to the Aerospace division of Honeywell International, Inc. its
VistaNav(R) Synthetic Vision IP (intellectual property) developed by its
Avionics & Unmanned Systems Group (AUSG).
Mercury has exclusively licensed and will transition the VistaNav product
line to Honeywell, a worldwide technology and manufacturing leader of
aerospace products and services and control technologies. Honeywell will
assume sales and support of the VistaNav CIS (Cockpit Information System)
situational awareness products.
"Over the past three years, the AUSG team has developed a series of
innovative products based on the award-winning VistaNav 3D Synthetic Vision
system. While this exciting technology has garnered significant attention in
the general aviation space, it is critical that we narrow our overall market
focus and vigorously prioritize our R&D efforts, to improve the Company's
performance and returns for our shareholders," said Mark Aslett, President and
Chief Executive Officer of Mercury Computer Systems, Inc. "We're pleased to
transition the VistaNav product line to Honeywell, which can provide a
favorable environment to foster future growth."
"Our agreement with Honeywell enables Mercury to capture value for this
IP, which was developed by the very talented and dedicated AUSG employees,"
Mr. Aslett added. "I want to express my gratitude to them for their
contributions and support."
Product sales and sales support transition will be completed by April 30.
Mercury Computer Systems, Inc. -- Where Challenges Drive Innovation
Mercury Computer Systems (www.mc.com) provides specialized,
high-performance computing systems and software designed for complex HPC and
embedded applications in a range of industries that include aerospace and
defense, telecommunications, medical imaging, semiconductor, EDA, and more.
Our products blend unmatched expertise in algorithm optimization and
silicon design with software application knowledge and industry-standard
technologies. Mercury's comprehensive, purpose-built solutions capture,
process, and present data for the world's largest medical imaging companies, 8
of the 10 top defense prime contractors, and other leading Fortune 500 and
mid-market companies in semiconductor, energy, telecommunications, and other
industries. Our dedication to performance excellence and collaborative
innovation continues a 25-year history in enabling customers to gain the
competitive advantage they need to stay at the forefront of the markets they
serve.
Mercury is based in Chelmsford, Massachusetts, and serves customers
worldwide through a broad network of direct sales offices, subsidiaries, and
distributors. We are listed on the Nasdaq Global Select Market (NASDAQ: MRCY).
Forward-Looking Safe Harbor Statement
This press release contains certain forward-looking statements, as that
term is defined in the Private Securities Litigation Reform Act of 1995,
including those relating to the definitive license agreement with Honeywell
for the VistaNav 3D Synthetic Vision IP. You can identify these statements by
our use of the words "may," "will," "should," "plans," "expects,"
"anticipates," "continue," "estimate," "project," "intend," and similar
expressions. These forward-looking statements involve risks and uncertainties
that could cause actual results to differ materially from those projected or
anticipated. Such risks and uncertainties include, but are not limited to,
general economic and business conditions, including unforeseen weakness in the
Company's markets, effects of continued geo-political unrest and regional
conflicts, competition, changes in technology and methods of marketing, delays
in completing engineering and manufacturing programs, changes in customer
order patterns, changes in product mix, continued success in technological
advances and delivering technological innovations, continued funding of
defense programs, the timing of such funding, changes in the U.S. Government's
interpretation of federal procurement rules and regulations, market acceptance
of the Company's products, shortages in components, production delays due to
performance quality issues with outsourced components, inability to fully
realize the expected benefits from acquisitions or delays in realizing such
benefits, challenges in integrating acquired businesses and achieving
anticipated synergies, and difficulties in retaining key customers. These
risks and uncertainties also include such additional risk factors as are
discussed in the Company's recent filings with the U.S. Securities and
Exchange Commission, including its Annual Report on Form 10-K for the fiscal
year ended June 30, 2007. The Company cautions readers not to place undue
reliance upon any such forward-looking statements, which speak only as of the
date made. The Company undertakes no obligation to update any forward-looking
statement to reflect events or circumstances after the date on which such
statement is made.
VistaNav is a registered trademark of Mercury Computer Systems, Inc.
Product and company names mentioned may be trademarks and/or registered
trademarks of their respective holders.
Contact:
Robert Hult, Executive Vice President and CFO
Mercury Computer Systems, Inc.
978-967-1990 / rhult@mc.com

SOURCE Mercury Computer Systems, Inc.

Robert Hult, Executive Vice President and CFO of Mercury Computer Systems,
Inc., +1-978-967-1990, rhult@mc.com