PRINCETON, N.J., Sept. 19, 2017 (GLOBE NEWSWIRE) -- Mikros Systems Corporation (OTCQB:MKRS) Chief Technology Officer Henry Silcock and Vice President of Commercial Markets Mark Malone will present at the second annual MicroCap Leadership Summit, hosted by MicroCapClub, on Friday, September 22, 2017, at the Westin Chicago Northwest Hotel in Itasca, Illinois.
Mikros Systems, an advanced maintenance technology company, recently announced strong second quarter 2017 financial results highlighting a 78% increase in quarterly revenue from the second quarter of 2016 and a 854% increase in its net income from the second quarter of 2016. Additionally, the company continues to expand its condition-based maintenance software solutions to commercial customers. In August, Mikros announced a memorandum of understanding with Elliott-Lewis Corporation to offer a condition-based maintenance solution for Heating Ventilation, Air Conditioning and Refrigeration (HVAC) equipment.
The MicroCap Leadership Summit uses a small group format where Mikros will present to approximately 50 retail and institutional microcap investors throughout the day. A link to the presentation material will be posted on the Mikros Systems investor relations website, located at https://www.mikrossystems.com/investor-relations/.
For more information about the MicroCap Leadership Summit, please visit http://microcapclub.com/summit/
About Mikros Systems Corporation
Mikros Systems Corporation is an advanced technology company specializing in the development and production of electronic systems technology for advanced maintenance in military, industrial and commercial 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. Please visit www.mikrossystems.com/news-events for more information.
About MicroCapClub
MicroCapClub is an exclusive forum for experienced microcap investors focused on microcap companies (sub $300m market cap) trading on United States, Canadian, UK, and Australian equity marketplaces. MicroCapClub was created to be a platform for experienced microcap investors to share and discuss stock ideas. Investors can join our community by applying to become a member or subscribing to gain instant view only access. MicroCapClub’s mission is to foster the highest quality microcap investor Community, produce Educational content for investors, and promote better Leadership in the microcap arena. Please visit http://microcapclub for more information.
Important Information about Forward-Looking Statements
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, our ability to market our solutions to commercial customers, numerous other matters of national, regional and global scale, including those of a political, economic, business and competitive nature, 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, 2016 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.