Zeus from the bargain of the year 10-Q(bottom) Form 10-Q for MIKROS SYSTEMS CORP
--------------------------------------------------------------------------------
15-May-2008
Quarterly Report
Item 2. Management's Discussion and Analysis.
Mikros Systems Corporation (the "Company", "we" or "us") was founded in 1978. We are 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 (DoD) as a small business, our capabilities include technology management, electronic systems engineering and integration, radar systems engineering, combat/command, control, communications, computers and intelligence (C4I) systems engineering, and communications engineering.
--------------------------------------------------------------------------------
Overview
Our primary business focus is to pursue SBIR programs from the U.S. Department of Defense, Department of Homeland Security, and other governmental authorities, and to expand this Government funded research and development into products, services, and business areas of the Company. Since 2002, we have been awarded a number of Phase I, II, and III SBIR contracts.
Revenues from our government contracts represented 100% of our revenues for the three months ended March 31, 2008 and 2007. We believe that we can utilize the intellectual property developed under our various SBIR awards to develop proprietary products for both the government and commercial marketplace.
Below is a brief description of certain of the material projects we are working on at this time.
Adaptive Diagnostic Electronic Portable Testset (ADEPT®)
Originally designated as the Multiple Function Distributed Test and Analysis Tool (MFDAT), the Adaptive Diagnostic Electronic Programmable Test-Set (ADEPT®) began as a SBIR investigation in 2002. We produced an operational, proof-of-concept, software demonstration/simulation model of an MFDAT system during Phase I of the program.
During Phase II, we produced a fully functioning, stand-alone prototype system capable of performing alignment and maintenance procedures on the AN/SPY-1 radar, which is part of the Navy's Aegis Program. This system validated the concept of using an automated test tool with a data collection capability to reduce AN/SPY-1A alignment and calibration time.
We were directed to commercialize the MFDAT technology in support of AN/SPY-1 Readiness Initiatives, and our Navy customer has continued to fund ADEPT development through a series of contracts awarded in Phase III of the SBIR process. We have reduced the size and weight of the initial design by half, and established manufacturing processes necessary to consistently produce the system in quantity.
Our engineers recently completed integration of a SPY-1 transmitter alignment tool developed by the radar's manufacturer. This tool improves overall radar system performance and is expected to be invaluable tool for technicians aboard all Aegis ships, especially those supporting the Navy's Ballistic Missile Defense (BMD) program.
ADEPT has been extensively tested by the Navy on land and at sea. The Navy has recently directed us to begin deploying ADEPT to its Regional Maintenance Centers (RMC) for additional evaluation. We are also working with the Navy to identify and establish logistics support and training materials for the equipment. These are all important steps required to support widespread fleet insertion.**************************************** By September 2008, we expect to have delivered more than 20 ADEPT systems to the Navy. Long-term plans call for installation of several ADEPT units per ship, resulting in the potential delivery of over 200 units.
***********************************************************
--------------------------------------------------------------------------------
siliconinvestor.com mikros.us |
