Mercury Computer Systems Named to Boston Globe 100
CHELMSFORD, Mass., May 23, 2011 (BUSINESS WIRE) -- Mercury Computer Systems, Inc. (NASDAQ: MRCY, www.mc.com), a trusted provider of commercially developed ISR subsystems, announced that it was named to the Boston Globe's "Globe 100," a list of top performing public companies in Massachusetts.
"It's an honor to be included in this distinguished group and to be recognized for the important contributions Mercury makes by providing best-of-breed application-ready subsystems for the defense and commercial electronics markets," said Mercury's President and Chief Executive Officer Mark Aslett. "Over the past several years we have refocused our business, refreshed our product portfolio, and improved core operations and profitability. Our aim is to build on this resurgence and to continue growing our core business well into the future."
Based on a composite score derived from financial data for the four quarters ending December 31, 2010, Mercury was ranked 45th among Massachusetts-based companies whose stock is publicly traded on NASDAQ, New York Stock Exchange, or American Stock Exchange. It is the second time that Mercury has been included in the Globe 100.
"The Massachusetts economy is recovering and the companies on the Globe 100 are leading the way." said Globe business editor Shirley Leung.
To qualify for the Globe 100, a company must have been public for the entire 2010 calendar year and have reported a positive net income for both 2009 and 2010. The Globe 100 ranks Massachusetts-based public companies based on financial data from the four quarters ending closest to December 31, 2010, and for corresponding quarters a year earlier. To view the 2011 Globe 100, visit: www.boston.com/globe100.
About The Boston Globe
The Boston Globe is wholly owned by The New York Times Company (NYSE: NYT - News), a leading media company with 2006 revenues of $3.3 billion, including The New York Times, the International Herald Tribune, The Boston Globe, 15 other daily newspapers, WQXR-FM and more than 30 Web sites, including NYTimes.com, Boston.com and About.com. The Company's core purpose is to enhance society by creating, collecting and distributing high-quality news, information and entertainment.
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 the ISR market. With over 25 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 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 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 provided for the products and services described above. 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, 2010. 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 is a registered trademark 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
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