PRINCETON, N.J., May 22, 2017 (GLOBE NEWSWIRE) -- Mikros Systems Corporation (OTCQB:MKRS) today announced that Mark Malone has joined the company as a corporate Vice President. Mr. Malone will focus on expanding existing and developing new commercial business opportunities.
Mr. Malone comes to Mikros following a 20+ year career in the investment banking and capital markets field. Most recently, he was Managing Director in the Institutional Equity Capital Markets division of Guggenheim Partners. Prior to that, Mr. Malone held a variety of executive roles in equity sales and management, primarily at Lazard and Deutsche Bank.
Tom Meaney, Mikros President and CEO, commented, "We are excited to have Mark on board and feel he has the skill set and experience to grow our existing commercial business and break into new markets. He is a proven executive with a long track record of developing new business, raising capital, and managing executive level relationships in the private and public sector. We see his skills as complementary to our existing management team and expect that they will transfer nicely over to Mikros."
Mr. Malone received his BS in Business Administration from the University of Richmond. He will be based in Mikros' Ft. Washington, PA office.
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 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.
CONTACT: Thomas J. Meaney - (609) 987-1513
