Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Safeguard Scientifics SFE -- Ignore unavailable to you. Want to Upgrade?

To: robert miller who wrote (1219)	3/11/1998 1:40:00 PM
From: still learning	Respond to of 4467

Anyone see this re MKRS? Add'l info to add? What does it mean? Tuesday March 10, 2:38 pm Eastern Time Company Press Release SOURCE: Mikros Systems Corporation Mikros Systems Corporation Enters into Agreement to Sell Its Government Business PRINCETON, N.J., March 10 /PRNewswire/ -- Mikros Systems Corporation (OTC Bulletin Board: MKRS - news) President Stephen C. Denty announced today that the Company has entered into an agreement to sell its government business to General Atronics Corporation of Wyndmoor, PA. Negotiations are in the final stages with the U.S. Navy to consummate the transfer. During the past several years Mikros has been working to apply the technologies developed under the government business to commercial applications. These activities have emphasized high efficiency wireless digital data transmission using the commercial FM and AM radio bands. Mr. Denty stated, ''The Company had a record year of sales in 1997 and we are anticipating a loss for the year ending December 31, 1997, as a result of the protracted development of a competitively won Navy program and the further investment in the commercial research and development area.'' The proceeds of this transaction will provide resources to help restructure the Company and reduce certain of the company's debt. Mikros Systems Corporation is a high technology business specializing in innovative applications of advanced digital signal processing technology and digital wireless communications. Mikros produces digital radio communications systems equipment for both the U.S. military and commercial applications. SOURCE: Mikros Systems Corporation