AGORACOM Small Cap TV - July 25th - Highlights
posted on
Jul 25, 2011 08:58AM
Good morning to you all. Please find enclosed a summary of the breaking small-cap and micro-cap financial news we highlighted on AGORACOM Small Cap TV this morning. It’s July 25th, 2011, and we’ve found 3 great press releases to report on at the open. Another great day for small-cap and micro-cap financial news. To watch the show live every morning at 9:30 AM, visit our front page.
Mikros Systems Corporation (OTCBB: MKRS)
Mikros Systems Corporation Awarded $3.1 Million Delivery Order for 36 ADEPT Units
Mikros Systems Corporation (OTCBB: MKRS) announced today a new order from the U.S. Navy to build 36 additional Adaptive Diagnostic Electronic Portable Testset (ADEPT) units. Under the terms of the order, Mikros will deliver the 36 ADEPT units to U.S. Aegis Cruisers and Destroyers over the next 6-8 months.
A 5-year $26 million IDIQ contract was awarded to Mikros in March 2010 for procurement of ADEPT systems and engineering services required for system enhancements, logistics, and field support. This latest U.S. Navy award of $3.1 million brings the total value of ADEPT orders placed against this contract to $8.3 million. Mikros expects to receive additional new orders for engineering services in 2011, and continues to anticipate $4-5 million of annual revenue under this contract.
About Mikros
Mikros Systems Corporation is an advanced technology company specializing in the research and development of electronic systems technology primarily for military applications. Classified by the U.S. Department of Defense as a smallbusiness, its capabilities include technology management, electronic systems engineering and integration, radar systems engineering, combat/command, control, communications, computers and intelligence systems engineering, and communications engineering.
Last Trade: 0.107552 Week: 0.278 – 0.0641Market Cap: 3.41 Million