Mercury Systems Receives $8.2M Order for SWaP-Optimized Memory for Advanced Airborne C2I Application
June 06 2019 - 4:15PM
Mercury Systems, Inc. (NASDAQ: MRCY, www.mrcy.com) announced it
received an $8.2 million follow-on order from a leading defense
prime contractor for rugged, ultra-compact memory devices
integrated into an advanced airborne command, control and
intelligence application. The order was booked in the Company’s
fiscal 2019 fourth quarter and is expected to be shipped over the
next several quarters.
The Company’s flagship memory product combines Mercury’s
best-in-class technology with the latest commercial memory devices
to solve the customer’s most critical requirements for high-speed
data processing. 16 GB of double data rate fourth-generation
synchronous dynamic random-access memory (DDR4 SDRAM) is embedded
into a 16mm x 23mm ball grid array, enabling the customer to save
up to 83% printed circuit board space for SWaP-constrained military
applications. Using highly automated manufacturing processes,
Mercury’s innovative miniaturization technology transforms a
two-dimensional array of discrete memory devices into a single,
trusted, military-hardened three-dimensional device delivering data
transfer rates as high as 2,666 megabits per second (Mbps).
Mercury’s entire portfolio of memory devices is designed and
manufactured exclusively in its five Advanced Microelectronics
Centers (AMC) located throughout the U.S., assuring customers an
affordable domestic supply of trusted microelectronics for critical
military programs.
“We are honored to support our valued customer with
state-of-the-art trusted memory devices for applications facing
severe physical space constraints,” said Iain Mackie, Vice
President and General Manager of Mercury’s Microelectronics Secure
Solutions group. “Our military forces can rest assured that
Mercury’s innovative packaging technology ruggedizes the most
advanced commercial memory in the smallest possible form factor,
thereby freeing valuable circuit board space for additional sensor
processing subsystems.”
For more information about Mercury’s entire portfolio of memory
devices, visit www.mrcy.com/memory or contact Mercury at (866)
627-6951 or Secure.Memory@mrcy.com.
Mercury Systems – Innovation That
Matters®Mercury Systems is a leading commercial provider
of secure sensor and safety-critical 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 and follow us on
Twitter.
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 2019 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 cyber-security 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, 2018. 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
CommunicationsMercury Systems, Inc.+1 978-967-1366 /
rmcgrail@mrcy.com
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.
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