Mercury Systems Receives $1.9 Million in Orders for High Performance OpenVPX
Digital Signal Processing Modules
CHELMSFORD, Mass.,December 16, 2013 (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, announced it received $1.9
million in new orders from a leading defense prime contractor for high
performance, OpenVPX^™ digital signal processing modules and supporting
professional services for a manned airborne active electronically scanned
array (AESA) radar application. The orders are expected to be shipped by the
end of Mercury's fiscal 2014 third quarter.
"We have a longstanding relationship with this customer in providing high
performance signal processing solutions for airborne radar," said Didier
Thibaud, President of Mercury's Commercial Electronics business unit. "By
adopting our new OpenVPX product line, our customer now has a cost-effective
open architecture that protects their long-term investment in software by
providing them an easy path to port their application to a modern competitive
For more information on Mercury Systems, visit www.mrcy.com or contact Mercury
at (866) 627-6951 or firstname.lastname@example.org.
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 and amounts 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, 2013. 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.
Mercury Systems and Innovation That Matters are trademarks of Mercury Systems,
Inc. OpenVPX is a trademark of VITA. Other product and company names mentioned
may be trademarks and/or registered trademarks of their respective holders.
CONTACT: Robert McGrail, Director of Corporate Communications
+1 978-967-1366 / email@example.com
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