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Microcap & Penny Stocks : The Microcap Kitchen: Stocks 5¢ to $5

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To: JS329 who wrote (58945)11/22/2006 3:03:49 PM
From: Tom Dorsey  Read Replies (1) of 120406
 
Jeff~

Just to echo what JP stated. That success story was written in 2005. Since then the NAvy did fund another $2,950,000 in May of 2006, and extended the SBIR terms until 2008.

This has two strong benefits to Mikros. It allows for the broadening of applications of ADEPT, and that R&D is funded by the Navy. Part of the award gives Mikros exclusive rights to the technology for a period of years after completion of the SBIR. Extending it from 2006 to 2008 should give Mikros those rights with the clock only beginning to tick in 2008 (February I believe). Just my two cents.

Tom
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