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To: Ted M who wrote (413)	11/13/2009 4:03:51 PM
From: John F. Poteraske	Respond to of 1056

Mikros Systems Corporation Announces Third Quarter Results; Reports Net Profit and Expects New Contract for Procurement, Installation, and Support of ADEPT Systems: finance.yahoo.com PRINCETON, N.J., Nov. 13 /PRNewswire-FirstCall/ -- Mikros Systems Corporation (OTC Bulletin Board: MKRS - News), announced today the results of operation for the fiscal quarter ended September 30, 2009. The Company reported third quarter revenue of $588,719 and net income of $5,954. Year to date revenue and net income were $1,732,505 and $15,071, respectively. The Company anticipates the award of a five-year indefinite-delivery, indefinite-quantity (IDIQ) contract for immediate and future procurement of ADEPT systems, as well as continued research, development, and lifecycle support. "We continue to work through the Government contracting process for ADEPT," stated Tom Meaney, Mikros President. "The Government's review of our proposal has taken much longer than expected, but we are steadily proceeding through the process. As a result of the contracting delays, revenue growth was limited this quarter. However, cash reserves and cash flow remain at healthy levels and we have not incurred any debt during this period. We anticipate better revenue growth in the fourth quarter of 2009 due to the completion of ADEPT units ordered earlier this year." The initial delivery order under the anticipated IDIQ contract is expected to include procurement of between 10 and 35 ADEPT systems with continued funding for development and support. Procurements for up to 30 additional ADEPT units are expected within the first six-months of award. By the end of calendar year 2010, Mikros could see orders for up to 60 units. Mikros believes that, if awarded, this contract could generate up to $4-5 million of revenue annually for the Company over the next five years. Mikros has also submitted proposals to the Government for continued development of the Network Vulnerability to Electronic Attack analysis and autonomous PowerBuoy technologies. These contract awards are anticipated within the next three to six months. If awarded, these contracts would initially provide up to $2 million of revenue for additional research and development work on these projects. The Company has also recently received multiple subcontracts to support Ocean Power Technologies, Inc., DRS C3 Systems, Inc., and Technology Service Corporation on various projects. "We believe that we are well positioned for a very positive 2010," stated Tom Meaney. "We are finally beginning to see some closure on the Government contracts anticipated all year, and are prepared to finally deliver ADEPTs in significant quantities to the US Navy. We are also pleased to see such strong interest from our customers in the NVEA and PowerBuoy technologies. Mikros will continue to pursue other avenues for revenue growth as well, including international sales of ADEPT and strategic partnerships into new business areas."

To: Ted M who wrote (413)	3/19/2010 10:08:29 AM
From: Ted M	1 Recommendation Read Replies (1) \| Respond to of 1056

MKRS looks like it is happening. Post from Tom, in the kitchen: "While it took a while the wait will be worth it. This almost $26MM contract is almost nine times larger than its single biggest contract awarded in March 2006 ($2.95MM). In 2007 when the stock touched a $1.00 per share the five contract awards totaled $3.3MM. This is the first large production award for ADEPT. It represents the first 200 units (and support) for the SPY-1 radar. The investor briefing on the website shows the market to be 800 units for ADEPT. Foreign Navy Sales, additional radar equipment (SLQ32 - SPS67 - SPS49), Carriers, submarines, LHD's are all targets of this equipment, and that is just the Navy! Other irons in the fire include two programs with Ocean Power Technology. One is the LEAP Program where they received their initial $275,000 award in October 2009. The Power Buoy program, that is due to get Phase II funding this summer ($750,000)is also moving forward. They were just awarded a $750,000 award in January 2010 to further develop the Kill Chain Vulnerability or NVEA) electronic attack analysis and simulation software. The two year work with Ericsson on a mobile telecommunications hub was unveiled at the Surface Navy Association Symposium in January 2010, and looks to have attracted interest from the National Guard. An initial contract award is being finalized that would be worth several million, and announced this summer if approved. A new market for ADEPT was highighted in the Trident Warrior 2009 Experiment announced in December 2009. ADEPT earned the highest possible scores with its Long Distance Support capabilities. Opening new doors of opportunity for ADEPT. Not a bad stock pile of projects for a company currently asking $.32/shares, and just having earned a $26MM contract award."