Mikros Systems Announces $200,000 SBIR Contract Award

5/5/20

Mikros Systems Corporation (OTCQB: MKRS) announced today the receipt of a $200,000 Small Business Innovation Research (SBIR) Phase I contract for SBIR topic number N201-X02?A02: "ADAPT - Naval Depot Modernization and Sustainment" with a focus area of "Facility Health Monitoring and Prioritization". This is a joint SBIR solicitation from NAVSEA Naval Shipyards, NAVAIR Fleet Readiness Centers (FRC), and USMC Logistics Command (MARCORLOGCOM).

Mikros Systems will develop a solution to collect data from critical building infrastructure systems including HVAC, mechanical systems, communication systems, chillers, pumps, electrical switchgear, seismometers and surveillance systems, as well as monitor energy usage data, water level data, and data from other critical infrastructure systems. The Phase I objective is to demonstrate proposed solution feasibility and Mikros Systems will be developing a limited scale system to illustrate the concept.

"This new award complements the Mikros MindR™ system, which was developed for commercial building management applications," said Jeffry McClenton, Lead Engineer for this effort.

This system can be expanded to include Navy facilities worldwide and provide critical infrastructure monitoring while complying with the stringent cybersecurity requirements of the Navy. "This Phase I award is a great opportunity to blend Mikros' commercial and Department of Defense business opportunities," said Lori Ogles, VP of Business Development and Programs.

"We see multiple future applications for this new technology across Navy and other DOD applications," said Tom Meaney CEO. "We have built our business on developing new technologies through the SBIR process and continue to work diligently to seek additional awards. Many of the Phase I SBIR programs have ultimately led to large DOD procurement programs and we are very excited to assist the Navy in proving feasibility of this initiative."

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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