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First Space-Qualified, Commercial Solid-State Drive Lifts Off into OrbitANDOVER, Mass., Feb. 26, 2020 (GLOBE NEWSWIRE) -- Mercury Systems, Inc. (NASDAQ: MRCY, www.mrcy.com), a leader in trusted, secure mission-critical technologies for aerospace and defense, announced that its TRRUST-Stor® 3U VPX RT solid state drive (SSD) has launched into low Earth orbit (LEO) as part of a satellite constellation system developed by a leading defense prime contractor. “With the successful launch of our SSD in a new satellite application, Mercury has reached new frontiers by supporting the growing need for cost-effective and agile radiation-tolerant devices,” said Iain Mackie, Vice President and General Manager of Mercury’s Microelectronics Secure Solutions group. “Leveraging SpaceVPX™ open systems architecture, we are committed to reducing our customers’ program risk with our portfolio of affordable, scalable space-qualified products. Our cutting-edge commercial technology delivers state-of-the-art solutions that are secure, reliable and purpose-built to exceed the performance needs of the Aerospace and Defense industry.” As part of its commitment to expand the breadth of its space-qualified product portfolio for defense prime contractors and commercial satellite manufacturers, Mercury is developing new architectures to provide feature-rich space-grade SSDs and signal processing solutions for space radar applications and space-grade components for high-radiation environments. Moreover, its industry-leading SSD technology enables sustainable reliability and fault tolerance not available with competing storage solutions. Mercury also offers a comprehensive portfolio of space-qualified RF and microwave solutions that have been trusted on every mission to Mars without device failure. Mercury is accelerating innovation for its customers as the Company bridges the gap between commercial technology and defense applications to meet the industry’s current and emerging needs. For more information on Mercury’s space-qualified storage, visit www.mrcy.com/SSD or contact Mercury at (866) 67-6951 or [email protected]. Mercury Systems – Innovation That Matters® 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 and to fiscal 2020 business performance and beyond and the Company’s plans for growth and improvement in profitability and cash flow. 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,” “potential,” 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 any U.S. Federal government shutdown or extended continuing resolution, 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, or in the U.S. Government’s interpretation of, federal export control or procurement rules and regulations, market acceptance of the Company's products, shortages in components, production delays or unanticipated expenses 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, increases in interest rates, changes to industrial security and cybersecurity regulations and requirements, changes in tax rates or tax regulations, changes to interest rate swaps or other cash flow hedging arrangements, 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, 2019. 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. Contact: Mercury Systems and Innovation That Matters are registered trademarks of Mercury Systems, Inc. Other product and company names mentioned may be trademarks and/or registered trademarks of their respective holders.
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