Mikros Systems wins $26 million contract for the Adaptive Diagnostic Electronic Portable Testset

PRINCETON, N.J., 22 March 2010. Mikros Systems Corp. won a $26 million Small Business Innovative Research (SBIR) Phase III contract for deliveries and support of Mikros' Adaptive Diagnostic Electronic Portable Testset (ADEPT) from the Naval Surface Warfare Center at Crane, Ind. The indefinite-delivery, indefinite-quantity (IDIQ) contract has a maximum value of $26 million over five years.

Mar 22nd, 2010

Posted by Courtney E. Howard

PRINCETON, N.J., 22 March 2010. Mikros Systems Corp. won a $26 million Small Business Innovative Research (SBIR) Phase III contract for deliveries and support of Mikros' Adaptive Diagnostic Electronic Portable Testset (ADEPT) from the Naval Surface Warfare Center at Crane, Ind. The indefinite-delivery, indefinite-quantity (IDIQ) contract has a maximum value of $26 million over five years.

The contract covers the procurement of ADEPT systems and related engineering services required for system enhancements, logistics, and field support. Within the next 30 days, Mikros expects to receive the first delivery orders for ADEPT units and task orders for installation support services.

Mikros anticipates additional deliveries and task orders in 2010 of between $2 and 3 million and believes that this contract could generate revenues of $4-5 million annually over the term of the contract.

ADEPT is a configurable, modular test set that automates and accelerates a range of preventive and corrective maintenance activities for radars and electronic systems used on Navy Ships. ADEPT is designed to improve mission readiness and performance of important shipboard electronic systems, including equipment associated with the Navy's Ballistic Missile Defense program.

ADEPT also provides advanced capabilities in distance support, providing near real-time display of shipboard equipment performance parameters to subject matter experts ashore. Recent results from Navy fleet experiments and feedback from Navy personnel who have used the equipment has been very positive.

U.S. Navy Aegis Cruisers and Destroyers will be the first ships to receive ADEPT systems. Future development of the ADEPT product line will also be accomplished under the new contract. These enhancements are expected to provide wide-ranging applicability to other Navy radars and electronic systems.

"We anticipate the Navy market for ADEPT will include additional units for international Aegis ships, as well as systems for Carriers, Amphibious Ships, and the Littoral Combat Ships now being developed," says Marc Dalby, vice president of business development and operations for Mikros. "We also envision a strong market potential for ADEPT with the United States Coast Guard, Army, and Marine Corps, who all have requirements for a compact modular system to support maintenance and troubleshooting of complex electronic equipment at sea and in the field."

"We have been working very hard over the past several years to get ADEPT ready for full-scale delivery to the US Navy," states Tom Meaney, president of Mikros Systems. "This IDIQ award has been our primary focus over the past 24 months, represents a significant milestone for our Company, and is the direct result of the dedication and hard work of all of our employees. It is most gratifying to see these efforts rewarded with this very important contract. This award provides a strong platform for future growth of the ADEPT product line and Mikros."

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