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Technology Stocks : The New QLogic (ANCR) -- Ignore unavailable to you. Want to Upgrade?

To: David Andersen who wrote (19950)	1/4/1999 11:21:00 AM
From: J Fieb	Read Replies (1) \| Respond to of 29386

Mercury in the news...any FC implications here? British Aerospace Defence Systems Selects Mercury Computer Systems as Long-term Supplier of Military Digital Signal Processing Systems Mercury's Battle-Ready COTS(TM) Technology to Provide State-of-the-art Capability for British and NATO Armed Forces LONDON--(BUSINESS WIRE)--Jan. 4, 1999-- Mercury Computer Systems (NASDAQ:MRCY - news), a leading supplier of digital signal and image processing systems, has been selected by British Aerospace Defence Systems as a primary supplier of digital signal processing (DSP) system solutions. With the current military focus on electronic reconnaissance and surveillance, it is expected that this agreement could lead to orders worth several million pounds over the next five years. Mercury's computer technology is in use today in almost 100 military programs for the international Allied defence community. Among major programs are the Synthetic Aperture Radar (SAR) systems aboard the Canadian Aurora maritime patrol aircraft; the United States Navy's Los Angeles Class submarine sonar upgrade program; the Australian Jindalee over-the-horizon radar network; and the Ericsson Microwave radar systems development for the Swedish Saab Gripen fighter aircraft. ''As Europe's largest aerospace and defence company, British Aerospace is heavily involved in many of the signal processing developments for British and NATO forces,'' said Andy Pine, Managing Director of Mercury Computer Systems Ltd. ''This agreement has the potential to increase Mercury's European business substantially, both in the short term and during the next decade.'' This order is another example of the increasing use of commercial off-the-shelf (COTS) technology in the defence market. Mercury's Battle-Ready COTS products are designed specifically to meet the more exacting requirements of the military market. Demand for computing power in ever-smaller footprints means that technology quickly becomes obsolete if it is not upgraded. Mercury's RACE® architecture is designed to allow the insertion of new advanced processors and sensor technologies as they become available. ''Success in tomorrow's electronic battlefield depends upon the effective use of innovative technologies. Mercury's proven record of delivering signal processing systems for use in many of the world's most advanced military reconnaissance and surveillance systems was a significant factor in our decision,'' said Mr. Les Gregory, Active Array Development Executive of British Aerospace. ''The investment Mercury is making in this field and the on-going support of its product range minimises the future programme risk and makes Mercury a natural choice.'' Earlier this year Mercury announced that it plans to invest more than $100 million over the next five years as part of the company's commitment to ''stream computing'' for customers in the digital signal and image processing markets. Planned investments will be made in RACEway high-bandwidth interconnect architectures, faster processors, streaming I/O systems, and software tools. These developments are expected to lead to major advances in defence and commercial applications. (U.K.-based) British Aerospace is a major aerospace and engineering group employing 43,000 people, with annual sales exceeding (pound) 8 billion, of which 89 percent are overseas. The company is one of the world's leading defence and aerospace companies and Europe's only proven systems integrator. The company is a pioneer and leader of major international collaborative programmes involving 27 nations. British Aerospace Defence Systems is one of the United Kingdom's key centres of prime contractorship and systems integration. It designs and manufactures a range of radar systems, including SAMPSON active phased array radar selected by the Royal Navy for use in the next generation of major vessels, and the ground-based COMMANDER three-dimensional airspace surveillance radar in service with the Royal Air Force and a number of export customers. Mercury's United Kingdom subsidiary, Mercury Computer Systems Ltd., is headquartered in Bramley, near Basingstoke. Mercury Computer Systems is the leading independent producer of high-performance digital signal and image processing computer systems that transform sensor data to visual information for analysis and interpretation on a real-time basis. Mercury's products play a critical role in a wide range of defence and medical imaging applications. In air-, sea-, and land-based military platforms, these systems process real-time radar, sonar, and signal intelligence data. Mercury's systems are also used in state-of-the-art medical diagnostic devices, including magnetic resonance imaging (MRI), computed tomography (CT), and the rapidly growing field of digital X-ray. Mercury has also developed a range of shared storage software products that allow multiple systems and servers to share files and data using Fibre Channel at data rates up to and exceeding 100 MB/sec. These products are marketed for use in the broadcast, entertainment, and digital prepress industries, and for a variety of enterprise computing applications. Based in Chelmsford, Massachusetts, Mercury serves customers in North America, Europe and Asia through a network of subsidiaries and distributors. This press release may contain certain forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially from those projected or anticipated. Factors that could cause or contribute to such risks and uncertainties include, but are not limited to, general economic and business conditions, competition, changes in technology and methods of marketing, and various other factors beyond the company's control. These risks and uncertainties include such factors as are described in the company's Form 10Q recently filed with the Securities and Exchange Commission in the USA. The company wishes to caution readers not to place undue reliance upon any such forward-looking statements, which speak only as of the date made.