Mikros Systems Announces Navy Unmanned Surface and Undersea Vehicles $150,000 SBIR Phase I Award for In-Stride Sensor Degradation Detection

PRINCETON, N.J., Nov. 21, 2019 /PRNewswire/ -- Mikros Systems Corporation (OTCQB: MKRS) announced today the receipt of a $150,000 Small Business Innovation Research (SBIR) Phase I contract delivery order from the Naval Sea Systems Command for topic number N193‑A02: "Unmanned Surface Vehicle (USV) and Unmanned Underwater Vehicle (UUV) Autonomous Behavior Development."

Mikros Systems will develop a Sensor In-stride Diagnostic, Correction, and Confidence Component (SID3C) that can integrate with current and future USV and UUV vehicle platforms. SID3C will monitor shipboard sensors and sensor data to detect degradation or failures, correct recoverable sensors, and assist the autonomy systems with appropriately filtering unreliable sensor data. The Phase I objective is to demonstrate proposed solution feasibility and Mikros Systems will be developing a limited scale system to illustrate the concept.

"The Navy's call for in-stride sensor degradation solutions aligns well with our AN/SYM-3 heritage on LCS," says Corey Friedenberger, Sr. Systems Engineer and Program Manager for this effort. "This Phase I award is an exciting opportunity for us to grow our capabilities with machine learning technology and support the future of autonomous vehicles."

This system could be used by the Navy to further advance unmanned, autonomous vehicles where sensor data quality can impact decision making and mission success. The requirements for near-real-time, unattended problem detection and correction are an opportunity for merging Mikros Systems' existing "expert system" techniques with machine learning capabilities. This approach could potentially be used on platforms such as the Medium Unmanned Surface Vehicle (MUSV), Large Unmanned Surface Vessel (LUSV), Large Displacement Unmanned Undersea Vehicle (LDUUV), and Extra Large Unmanned Undersea Vehicle (XLUUV).

"We see multiple future applications for this new technology across Navy and other DOD applications," says Tom Meany CEO. "We have built our business on developing new technologies through the SBIR process and continue to work diligently to seek additional awards which oftentimes lead to large DOD procurement programs."

About Mikros

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.  For more information on Mikros, please visit: www.mikrossystems.com.

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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 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, 2018 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.

SOURCE Mikros Systems Corporation

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