Congressman Ruben Gallego Dedicates Mercury's New Advanced Microelectronics Center in Phoenix, Ariz.
PHOENIX, Ariz., Oct. 19, 2017 (GLOBE NEWSWIRE) -- Mercury Systems, Inc. (NASDAQ:MRCY) (www.mrcy.com), celebrated the grand opening of its Advanced Microelectronics Center (AMC) located in Phoenix, Ariz. today. Arizona Congressman Ruben Gallego (D), State Senator Catherine Miranda (D) and State Representative Reginald Bolding (D) joined Mercury President and CEO Mark Aslett and Mercury's Board of Directors for a ribbon cutting ceremony, reception and facility tour.
"Our Phoenix AMC is now delivering digital processing and storage innovations that perfectly complement the RF and microwave capabilities of our existing centers in West Caldwell, N.J. and Hudson, N.H.," said Mark Aslett, Mercury's President and CEO. "For the first time, defense prime contractors now have a secure and trusted supplier of digital microelectronics from a Defense Microelectronics Activity (DMEA)-accredited facility for design, assembly, test and broker services."
The Company's new AMC facility is a high-tech, 115,000 square foot design and manufacturing center of excellence for advanced digital microelectronic solutions addressing the defense industry's most rigorous performance and quality standards. With 15,000 sq. ft. of class 100k clean room space, the facility manufactures embedded processing modules, high-density secure memory, military-grade solid-state storage and custom built-to-specification microelectronics. All products built in the new center are integrated by customers into highly sophisticated computing systems which are then deployed in a variety of military applications such as electronic warfare, radar, platform management and command, control, communications and intelligence (C3I).
To ensure a seamless and rapid transition from prototype sampling to full-rate production, engineering resources skilled in advanced design and simulation techniques are co-located within the AMC. Recognizing the importance of long-term supply continuity for prime contractors, supply chain security and trust are assured throughout the complete product lifecycle. As a testament to its steadfast commitment to all aspects of industrial security, design and manufacturing records are actively protected with a cybersecurity program modeled after the Center for Internet Security (CIS) critical security controls.
"The expansion of this Advanced Microelectronics Center further reinforces Arizona's commitment to driving economic growth and prosperity through the creation of sustainable, high-quality jobs," said Congressman Ruben Gallego. "I congratulate the team at Mercury Systems for this truly impressive facility, and I am proud of the Arizona citizens now supporting our military forces with trusted defense microelectronics."
Mercury's Advanced Microelectronics Centers are a key component for the realization of the Company's next-generation business model. Through affordable and highly differentiated sensor chain solutions, defense prime contractors can simultaneously secure their supply chain operations, minimize technical risk and meet program schedule and budget demands.
About Mercury Systems — Innovation That Matters™ Mercury Systems (NASDAQ:MRCY) is a leading commercial provider of secure sensor and mission processing subsystems. Optimized for customer and mission success, Mercury's solutions power a wide variety of critical defense and intelligence programs. Headquartered in Andover, Mass., Mercury is pioneering a next-generation defense electronics business model specifically designed to meet the industry's current and emerging technology needs. 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," "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 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 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, 2017. 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: Robert McGrail, Director of Corporate Communications Mercury Systems, Inc. +1 978-967-1366 / firstname.lastname@example.org
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