PRINCETON, N.J., Feb. 01, 2017 (GLOBE NEWSWIRE) -- Mikros Systems Corporation (OTCQB:MKRS) today announced that former United States Congressman David W. Jolly has joined its Board of Directors.
Mr. Jolly brings over 20 years of experience in Federal Government appropriations and contracting to Mikros Systems. From March 2014 through January 2017, Mr. Jolly served as a member of the United States House of Representatives representing the 13th District of Florida. While in office, Mr. Jolly served on the House Committee on Appropriations where he was responsible for oversight and funding of all Federal Departments and Agencies, including the Department of Defense. Prior to joining the United States Congress, Mr. Jolly was the managing partner of his government relations firm, Three Bridges Advisors, and law firm, Three Bridges Law. Mr. Jolly began his career serving as a senior staff member, and later as general counsel to United States Representative C. W. Bill Young, who served as the Chairman of the House Committee on Appropriations between 1999 and 2005. During his career, Mr. Jolly has provided strategic advice and government relations services to numerous organizations in a multitude of industries, including Federal defense contractors.
Tom Meaney, Mikros President and CEO, commented, “We are honored to welcome Representative Jolly to our board of directors. David has a deep understanding of both the defense business and Mikros Systems, particularly our manufacturing and depot center in Largo, FL within his former Congressional district. David’s experience with Federal Government appropriations and contracting will provide our business development team with valuable insight and advice as we continue to manage our growing defense business. Prior to being elected to Congress, we worked with David on a consulting basis and we are very excited to continue our professional relationship with him as he returns to the private sector.”
Mr. Jolly commented, “I welcome the opportunity to serve Mikros Systems Corporation in its mission to support the readiness of our Armed Forces. The ADEPT product is critical to the operation of the AN/SPY-1 Radar System aboard U.S. Navy Aegis cruisers and destroyers while the ADEPT Distance Support Sensor Suite provides critical monitoring and diagnostics for the Navy’s Littoral Combat Ship class. I look forward to working with Tom, his senior management team, and my fellow board members in helping guide the Company as it executes on these and other important programs and pursues new opportunities to serve the Department of Defense.”
About Mikros
Mikros Systems Corporation is 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 as a small business, its capabilities include technology management, electronic systems engineering and integration, radar systems engineering, command, control, communications, computers and intelligence systems engineering, and communications engineering. Mikros’ primary business is to pursue and obtain contracts from the Department of Homeland Security, U.S. Navy, and other governmental authorities. For more information on Mikros, please visit: www.mikrossystems.com.
Source: Mikros Systems Corporation
CONTACT: Thomas J. Meaney - (609) 987-1513
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All statements in this news release other than statements of historical facts are forward-looking statements which contain our current expectations about our future results. Forward-looking statements involve numerous risks and uncertainties. We have attempted to identify any forward-looking statements by using words such as "anticipates," "believes," "could," "expects," "intends," "may," "should" and other similar expressions. Although we believe that the expectations reflected in all of our forward-looking statements are reasonable, we can give no assurance that such expectations will prove to be correct. Such statements are not guarantees of future performance or events and are subject to known and unknown risks and uncertainties that could cause the Company's actual results, events or financial positions to differ materially from those included within or implied by such forward-looking statements. Such factors include, but are not limited to, changes in business conditions, a decline or redirection of the U.S. Defense budget, significant delays or reductions in appropriations for our projects, the termination of any contracts with the U.S. Government, changes in our sales strategy and product development plans, changes in the marketplace, continued services of our executive management team, our limited marketing experience, competition between us and other companies seeking SBIR grants, competitive pricing pressures, market acceptance of our products under development, delays in the development of products, our ability to adequately integrate our new software offerings into our business model, statements of assumption underlying any of the foregoing, and other factors disclosed in our annual report on Form 10-K for the year ended December 31, 2015 and other filings with the SEC. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date made. Except as required by law, we undertake no obligation to disclose any revision to these forward-looking statements.