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Mercury Systems Celebrates Grand Opening of Advanced Microelectronics Center in Hudson, NH(GlobeNewswire Via Acquire Media NewsEdge) CHELMSFORD, Mass., April 21, 2014 (GLOBE NEWSWIRE) -- Mercury Systems, Inc. (Nasdaq:MRCY) (www.mrcy.com), a best-of-breed provider of commercially developed, open sensor and Big Data processing systems for critical commercial, defense and intelligence applications, celebrated the grand opening of its new Advanced Microelectronics Center (AMC) in Hudson, New Hampshire on Friday, April 18, 2014. New Hampshire Governor Maggie Hassan and representatives from the offices of United States Senators Kelly Ayotte (R) and Jeanne Shaheen (D) attended the ribbon cutting ceremony hosted by Mercury President and CEO Mark Aslett, along with other senior Mercury executives. A state-of-the-art, 72,000 square foot design and manufacturing facility for RF and microwave technologies with 12,000 sq. ft. of clean room space, the new AMC provides redundant and complementary capabilities with the Company's existing fully operational AMC located in West Caldwell, N.J. The combination of design and manufacturing capabilities in each facility provides "one-stop shopping" for defense prime customers who need to reduce their supply chain complexity and lower risk. "Our new AMC helps drive innovations in RF and Microwave technologies that can be leveraged by prime contractors to deliver critical capabilities to our warfighters," said Mark Aslett, president and CEO, Mercury Systems. "Combined with our existing center in New Jersey, we see the AMC as both a scalable and redundant design and manufacturing solution that gives our customers a second-source manufacturing site internally, for the first time." "Mercury's hard-working employees and the grand opening of this new Advanced Microelectronics Center represent why New Hampshire is as well positioned as any state to lead the country in innovative economic growth," said Governor Hassan. "I want to thank the team at Mercury Systems for everything that they do to create jobs, spur economic development and maintain the high quality of life in New Hampshire, and I congratulate them on the opening of this new state-of-the-art facility." "We've invested extensively in key automation, manufacturing, and automated test capabilities which are needed to support many of the defense programs we're involved with as they transition into high-volume production phases," said Kevin Beals, Vice President and General Manager of Mercury's RF & Microwave Solutions Group. "We have scaled our RF/Microwave and other electronics design and manufacturing capabilities to take projects from prototype to Low Rate Initial Production to full-rate production, making Mercury a better alternative for advanced microelectronics solutions. Further, we have seasoned engineering staff co-located with manufacturing, enabling designs to transition smoothly and efficiently from development to production." To learn more, see the video at www.mrcy.com/amc/or contact Mercury at (866) 627-6951 or [email protected]. Mercury Systems – Innovation That Matters™ Mercury Systems (Nasdaq:MRCY) is a best-of-breed provider of commercially developed, open sensor and Big Data processing systems, software and services for critical commercial, defense and intelligence applications. We deliver innovative solutions, rapid time-to-value and world-class service and support to our prime contractor customers. Mercury Systems has worked on over 300 programs, including Aegis, Patriot, SEWIP, Gorgon Stare and Predator/Reaper. We are based in Chelmsford, Massachusetts. To learn more, visit www.mrcy.com. Forward-Looking Safe Harbor Statement This press release contains certain forward-looking statements, as that term is defined in the Private Securities Litigation Reform Act of 1995, including those relating to the products and services described herein. You can identify these statements by the use of the words "may," "will," "could," "should," "would," "plans," "expects," "anticipates," "continue," "estimate," "project," "intend," "likely," "forecast," "probable," and similar expressions. These forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those projected or anticipated. Such risks and uncertainties include, but are not limited to, continued funding of defense programs, the timing and amounts of such funding, general economic and business conditions, including unforeseen weakness in the Company's markets, effects of continued geopolitical unrest and regional conflicts, competition, changes in technology and methods of marketing, delays in completing engineering and manufacturing programs, changes in customer order patterns, changes in product mix, continued success in technological advances and delivering technological innovations, changes in the U.S. Government's interpretation of federal procurement rules and regulations, market acceptance of the Company's products, shortages in components, production delays due to performance quality issues with outsourced components, inability to fully realize the expected benefits from acquisitions and restructurings or delays in realizing such benefits, challenges in integrating acquired businesses and achieving anticipated synergies, changes to export regulations, increases in tax rates, changes to generally accepted accounting principles, difficulties in retaining key employees and customers, unanticipated costs under fixed-price service and system integration engagements, and various other factors beyond our control. These risks and uncertainties also include such additional risk factors as are discussed in the Company's filings with the U.S. Securities and Exchange Commission, including its Annual Report on Form 10-K for the fiscal year ended June 30, 2013. The Company cautions readers not to place undue reliance upon any such forward-looking statements, which speak only as of the date made. The Company undertakes no obligation to update any forward-looking statement to reflect events or circumstances after the date on which such statement is made. Mercury Systems and Innovation That Matters are trademarks of Mercury Systems, Inc. Other product and company names mentioned may be trademarks and/or registered trademarks of their respective holders. CONTACT: Robert McGrail, Director of Corporate Communications Mercury Systems +1 978-967-1366 / [email protected] Source: Mercury Systems, Inc. 2014 GlobeNewswire, Inc. |