Mercury Computer Systems Completes Acquisition of KOR Electronics and Paragon Dynamics
CHELMSFORD, Mass.--(BUSINESS WIRE)--Dec. 30, 2011--
Mercury Computer Systems, Inc. (NASDAQ: MRCY, www.mc.com),
a trusted provider of commercially developed application-ready ISR
subsystems for defense prime contractors, today announced that it has
completed its acquisition of KOR Electronics (KOR) and its wholly owned
subsidiary, Paragon Dynamics, Inc. (PDI). The all-cash transaction
closed on December 30, 2011.
For more information, visit mc.com/KOR.
About KOR Electronics
KOR Electronics is a leading supplier of system level solutions to the
worldwide Defense and Intelligence communities. KOR is headquartered in
Cypress, CA and with principal locations in Aurora, CO, and Rome, NY.
About Mercury Computer Systems, Inc. – Where Challenges Drive
Innovation®
Mercury Computer Systems (www.mc.com,
NASDAQ: MRCY) is a best-of-breed provider of open, commercially
developed, application-ready, multi-INT subsystems for defense prime
contractors. With more than 30 years of experience in embedded
computing, superior domain expertise in radar, EW, EO/IR, C4I and sonar
applications, and more than 300 successful program deployments including
Aegis, Global Hawk and Predator, Mercury’s Services and Systems
Integration (SSI) team leads the industry in partnering with customers
to design and integrate system-level solutions that minimize program
risk, maximize application portability and accelerate customers’ time to
market.
Mercury is based in Chelmsford, Massachusetts, and serves customers
worldwide through a broad network of direct sales offices, subsidiaries
and distributors.
Forward-Looking Electronics 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 acquisition of KOR Electronics and the
subsequent integration of, and the expected synergies from, the
acquisition. You can identify these statements by the use of the words
“may,” “will,” “could,” “should,” “plans,” “expects,” “anticipates,”
“continue,” “estimate,” “project,” “intend,” “likely,” “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, 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, continued funding of
defense programs, the timing of such funding, 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 divestitures 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, 2011. 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.
Challenges Drive Innovation, Ensemble and Echotek are registered
trademarks and Application Ready Subsystem and ARS are trademarks of
Mercury Computer Systems, Inc. Other product and company names mentioned
may be trademarks and/or registered trademarks of their respective
holders.

Source: Mercury Computer Systems, Inc.
Mercury Computer Systems, Inc.
Robert Hult, 978-967-1990
CFO