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Welcome to the Inaugural Issue Newsletter!
 
We have introduced this quarterly newsletter to help keep you informed about what's happening at Mikros Systems. In it you will find information about new contracts awarded, profiles of our team, product overviews, customer highlights and other exciting events and milestones.

2016 has been a year of transition for Mikros as we invest in our strategy to
 
EXTEND our business with our current U.S. Department of Defense customers;
EXPAND our solutions to other U.S. federal customers; and
DIVERSIFY our applications into new commercial and industrial markets.

 

We are making good progress on this strategy. In 2016 we were awarded over $50M in potential orders, including $48M from the U.S. Navy, the largest in our company history. Our backlog currently stands at an all-time high and positions us for solid top-line growth in 2017. 
 
We are breaking new ground in our work with Condition Based Maintenance (CBM) for combat systems on the U.S. Navy's Littoral Combat Ship, and we are investing to extend its applicability to other federal customers and to transition this technology into new commercial and industrial markets. To that end, we continue to engage with potential commercial customers regarding the benefits of our remote monitoring and prognostics solutions. 
 
Our third quarter results, reported earlier, were in line with our expectations for a stronger second half in 2016. We saw revenue increase 20% over the second quarter of 2016 and income from operations increased over 150%. We also plan to maintain our investments in growing and diversifying our customer base. This year we are adding technical staff to support our current contracts and technology transition to commercial markets. We are adding sales staff to support our move into adjacent federal and commercial markets.

We recently participated in our first investor conference, The MicroCap Conference, in Philadelphia.  At our new website you may also notice that we have refreshed our marketing materials and website to better reflect our innovative approaches to solving our customers' maintenance challenges.


Regards,

Tom Meaney




President and CEO
Mikros Systems Corporation


 

Mikros Exhibits at Surface Navy Association in January

 
The Mikros Systems team exhibited at the Surface Navy Association’s (SNA) 29th National Symposium at the Hyatt Regency in Crystal City, VA, 10-12 January 2017.  The theme this year was “Distributed Lethality: Enabling Sea Control.” 
 
   
  
 
 
 
Our latest products were showcased including the newest version of the ADEPT® system. Many demonstrations were given and well received. Mikros also featured the ADEPT Distance Support Sensor Suite (ADSSS) Condition Based Maintenance (CBM) system used on the Littoral Combat Ship (LCS). Other live demos featured the Target Interface Module (TIM) smart sensor, and our newest software products Prognostics Framework and Diagnostics Profiler. 
 
SNA is the leading trade show and technical conference for U.S. Naval surface forces, including both the Aegis and Littoral Combat Ship (LCS) communities, both key Mikros programs. Attendees included Naval officers, enlisted and civilian personnel, and industry representatives from both prime contractors and small businesses like Mikros.
 
   
  
 
 
 
The Mikros exhibit was well attended and we had many useful exchanges with both current and potential new customers.

Shown above is Mikros trainer “Van” Van der Henst demonstrating ADEPT to several foreign Naval officers.


 

Product Spotlight ADEPT

Adaptive Diagnostic Electronic Portable Testset
 
 

Our indispensable tool for the maintenance, alignment, calibration, and error diagnosis of complex electronic systems. ADEPT Test Automation Workstations are designed to aid in the maintenance, alignment, calibration and error diagnosis of complex electronic systems. Learn more here.
 


Mikros Team Attends Government Contract
Management Symposium



Mikros Contracts Manager Holly Straub (right) and Contracts Administrator Laura Geib attended the Government Contract Management Symposium (GCMS) at the Marriott Wardman in Washington DC on Dec 12-13, 2016. The symposium was sponsored by the National Contract Management Association (NCMA), of which both are members.

With the theme “Refresh Knowledge, Renew Commitment, and Refund Efforts,” the annual GCMS did all that and more.  Two full days of informative keynotes and panels, educational breakout sessions and networking opportunities with both government and industry professionals, provided a setting to help stay informed, motivated and prepared for significant changes under the new administration. A favorite keynote address of the Mikros team was LTG Todd Semonite, Commanding General of the U.S. Army Corps of Engineers. His keynote engaged and excited the audience, giving us a different perspective on the importance of all aspects of government contracting.

More information from the symposium, including presentations and recordings of keynote presentations are available at the website: http://www.ncmahq.org/gcms16 

The Mikros Contracts team is also planning to attend the NCMA World Congress in Chicago, IL, in July this year.  Known to be the largest education event for contract management, procurement and acquisition professionals, it will be a great opportunity to network among 2,000+ fellow collegues.

More information on the World Congress can be found at the following website:  http://www.ncmahq.org/wc17



 

Jason Ricles presents Mikros paper at
American Society of Naval
Engineers Symposium

 



Mikros Software Engineer Jason Ricles is shown presenting a Mikros technical paper at the American Society of Naval Engineers (ASNE) Combat Systems Symposium in Washington DC on 7 Dec 2016.  The Mikros paper, “Condition Based Maintenance (CBM) for Combat System Elements”, described Mikros work on CBM for the Navy’s Littoral Combat Ship (LCS).
 
Jason reports that the presentation was very well received and that he and Mikros Business Development executive Bix Goodwin are now following up with several contacts made at the show.



We're hiring!  Join the team.  Help us make a difference!  We're currently looking for outstanding new employees:

Embedded Software Engineer

This person will be involved in the full software development lifecycle from design to maintenance.  The primary responsibilities will focus on integrating electronic hardware, sensors and software for advanced system monitoring and test equipment.

Required

 
• 4-year degree: BSEE, BSCS or equivalent
• software development experience in a Linux/Unix environment
• experience with embedded systems design and integration
• experience with discrete electronic test equipment (power meters, oscilloscopes, etc.)
• experience with device driver software design and/or integration
• experience with object oriented software design
• strong technical documentation skills
• possession of, or ability to obtain, DoD security clearance


PREFERRED
• experience with electronic hardware design and troubleshooting
• Microsoft Windows software development experience
• experience with network configuration and monitoring
• defense industry experience

Please email your resume to jobs@mikrossystems.com 

 
Learn More at Our New Website!
 
 
 
Forward-Looking Statements
 
All statements in this newsletter 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.
 
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