Mercury Systems Names Dr. Paul Monticciolo Chief Technology Officer
Newly Appointed CTO to Play Key Role in Company's Next Phase of Growth by
Leading Renewed Commitment to Groundbreaking Innovations
CHELMSFORD, Mass., Nov. 27, 2012 (GLOBE NEWSWIRE) -- Mercury Systems, Inc.
(Nasdaq:MRCY) (www.mrcy.com), a best-of- breed provider of commercially
developed, open sensor and Big Data processing systems for critical
commercial, defense and intelligence applications, today announced the
appointment of Dr. Paul Monticciolo as Chief Technology Officer. Most
recently, he served as President and General Manager of the company's former
Mercury Federal Systems division.
"I'm very excited to take on this leadership position at such a critical time
in our company's history," said Monticciolo. "For over 30 years, Mercury
Systems has applied best-of-breed engineering and technology to solve tough
customer problems. That's our company's hallmark — and it will continue to be
so under my stewardship. Whether we leverage our deep technical skills in Big
Data or across the entire sensor processing chain, we're dedicated to bringing
technology to market quickly."
According to Mercury Systems President and CEO Mark Aslett, "Paul has
repeatedly demonstrated a unique talent for driving technical innovation and
then delivering that innovation to our defense Prime contractor customers
where it can do the most good. We're extremely pleased to have Paul take on
the CTO role at Mercury Systems. We believe his appointment will be a catalyst
for helping Mercury Systems — and our customers — stay ahead of the
Dr. Monticciolo joined Mercury Systems in July 2010, when he immediately
became involved in critical ISR systems and solutions. Prior to his
appointment as CTO, he served as President and General Manager of Mercury
Federal Systems, a business that handled work with important defense Prime
contractors and programs, including Gorgon Stare, a program that delivers
wide-area surveillance capabilities using unmanned aerial vehicles (UAVs).
Prior to Mercury Systems, Dr. Monticciolo held several key positions at MIT's
Lincoln Laboratory, a globally recognized leader in advanced technology for
the Department of Defense. During his 20-year tenure at Lincoln Laboratory, he
became a recognized expert in multiple intelligence, surveillance and
reconnaissance (ISR) technologies, including real-time embedded processing,
digital signal processing, and RF hardware for radar and SIGINT applications.
Dr. Monticciolo earned a B.E.E. degree from The Cooper Union, an M.S.E.E. from
Georgia Institute of Technology and a Ph.D. in Electrical Engineering from
For more information, visit www.mrcy.com or contact Mercury at (866) 627-6951
Mercury Systems – Innovation That Matters^™
Mercury Systems (Nasdaq:MRCY) is a best-of-breed provider of commercially
developed, open sensor and Big Data processing systems, software and services
for critical commercial, defense and intelligence applications. We deliver
innovative solutions, rapid time-to-value and world-class service and support
to our prime contractor customers. Mercury Systems has worked on over 300
programs, including Aegis, Patriot, SEWIP, Gorgon Stare and Predator/Reaper.
We are based in Chelmsford, Massachusetts. To learn more, visit www.mrcy.com.
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 products and services described herein. You can identify
these statements by the use of the words "may," "will," "could," "should,"
"would," "plans," "expects," "anticipates," "continue," "estimate," "project,"
"intend," "likely," "forecast," "probable," 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, continued funding of
defense programs, the timing of such funding, general economic and business
conditions, including unforeseen weakness in the Company's markets, effects of
continued geopolitical 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, 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 and divestitures or delays in realizing
such benefits, challenges in integrating acquired businesses and achieving
anticipated synergies, changes to export regulations, increases in tax rates,
changes to generally accepted accounting principles, difficulties in retaining
key employees and customers, unanticipated costs under fixed-price service and
system integration engagements, and various other factors beyond our control.
These risks and uncertainties also include such additional risk factors as are
discussed in the Company's filings with the U.S. Securities and Exchange
Commission, including its Annual Report on Form 10-K for the fiscal year ended
June 30, 2012. 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
Mercury Systems and Innovation That Matters are trademarks of Mercury Systems,
Inc. Other product and company names mentioned may be trademarks and/or
registered trademarks of their respective holders.
CONTACT: Robert McGrail, Director of Corporate Communications
978-967-1366 / firstname.lastname@example.org
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