ITT ITT Inc

Wholly owned subsidiary Mercury Federal Systems, Inc. to provide testbed and support for counter-IED systems development and collaborate with ITT Electronic Systems on CANWAC algorithm component portability demonstration CHELMSFORD, Mass., March 3 /PRNewswire-FirstCall/ -- Mercury Computer Systems, Inc. (NASDAQ:MRCY) announced that its wholly owned subsidiary, Mercury Federal Systems, Inc., has received a $2.5 million contract award from U.S. Army Ft. Monmouth's CECOM in New Jersey, for development and demonstration of a testbed to support the Joint Counter Radio-Controlled Improvised Explosive Device Electronic Warfare (JCREW) program. The testbed will be used by the U.S. Government to develop and test advanced open- architecture technology for counter-IED systems development. An IED (improvised explosive device), commonly known as a "road-side bomb," is designed to distract, destroy or incapacitate personnel or vehicles. Crafted from combustible, toxic, destructive, and often lethal chemicals from military or commercially sourced explosives, IEDs are capable of propagating a life-threatening effect beyond shrapnel, concussive blasts, and fire normally associated with bombs. Under this contract, Mercury will provide an "open-systems" digital signal processing (DSP) architecture technology and testbed systems for counter-IED research and development, as well as systems engineering support services to the U.S. Government and to contractors that use the testbed facilities. In addition, Mercury will demonstrate a scalable data acquisition and processing application within a very dense, size/weight/power (SWaP)-constrained environment. Mercury will further demonstrate the X-Midas platform-independent software framework as an application environment, which is designed to reuse existing applications from other Government and contractor sources for developing DSP applications. Mercury also announced a related agreement with ITT Electronic Systems (NYSE:ITT), a leading supplier of information and electronic warfare (EW) technologies, systems, and services that enable mission success and survivability for a broad range of military aircraft. Through collaboration with ITT's Electronic Warfare Systems business area, the strengths of each organization shall be leveraged to demonstrate algorithm component portability for the JCREW testbed architecture, which is an important element of the R&D objectives of the program. "It is our intention to collaborate with high-technology companies such as Mercury, to enable the rapid design and development of affordable electronic warfare systems for military applications," said Pete Steensma, Director, Advanced Concepts and Technology at ITT Electronic Systems. "We look forward to this relationship and the mutual pursuit of follow-on opportunities in the electronic warfare market." In the initial development effort, Mercury and ITT will combine forces to implement and demonstrate the portability of the CANWAC (Constant Amplitude Network Waveform Adaptive Combiner) algorithm. Mercury will provide ITT with its Waveform-Ready(TM) processing platform and Component Portability Infrastructure(TM) (CPI(TM)) middleware. CPI simplifies programming and greatly improves code portability, interoperability, and performance in FPGA- and DSP-based heterogeneous processing environments, by providing well-defined waveform component APIs with a set of infrastructure building blocks that act as a hardware abstraction layer. The Mercury Waveform-Ready processing platform combines the latest processor, transceiver, and interconnect technologies with CPI to help customers rapidly meet the challenge of leveraging evolving standards and emerging technologies. Mercury believes a common technology baseline can be deployed to cover a range of mission requirements. "Leveraging the advantages of an open architecture with a software-programmable environment will be critical to affordably and rapidly developing new applications, and inserting new technologies into deployed mission-critical systems," said Terry Ryan, Senior Vice President and General Manager of Mercury Federal Systems, Inc. "Together with ITT Electronic Systems, we will make this possible, as we have the necessary capabilities to develop open solutions that will enable new and emerging threats to be detected, countered, and tracked in a time-critical manner." For more information on Mercury's CPI middleware, visit http://www.mc.com/CPI, or contact Mercury at (866) 627-6951 or . Mercury Computer Systems, Inc. - Where Challenges Drive Innovation Mercury Computer Systems is the leading provider of computing systems and software for data-intensive applications that include image processing, signal processing, and visualization. With a strong commitment to innovation, our expertise in algorithm optimization, systems development, and silicon design is blended with software application knowledge and industry-standard technologies to solve unique computing challenges. We work closely with our customers to architect solutions that have a meaningful impact on everyday life: detecting aneurysms; designing safer, more fuel-efficient aircraft; identifying security threats; discovering oil; developing new drugs; and visualizing virtually every aspect of scientific investigation. Mercury's comprehensive, purpose-built solutions capture, process, and present data for the world's largest medical imaging companies, 8 of the 10 top defense prime contractors, and other leading Fortune 500 and mid-market companies in semiconductor, energy, telecommunications, and other industries. Our dedication to performance excellence and collaborative innovation continues a 24-year history in enabling customers to stay at the forefront of the markets they serve. Mercury is based in Chelmsford, Massachusetts and serves customers worldwide through a broad network of direct sales offices, subsidiaries, and distributors. We are listed on the Nasdaq Global Select Market (NASDAQ:MRCY). Visit Mercury at http://www.mc.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 contract awarded by the U.S. Government and the agreement awarded by ITT Electronic Systems to Mercury Federal Systems. You can identify these statements by our use of the words "may," "will," "should," "plans," "expects," "anticipates," "continue," "estimate," "project," "intend," 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 geo-political 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 or delays in realizing such benefits, challenges in integrating acquired businesses and achieving anticipated synergies, and difficulties in retaining key customers. These risks and uncertainties also include such additional risk factors as are discussed in the Company's recent filings with the U.S. Securities and Exchange Commission, including its Annual Report on Form 10-K for the fiscal year ended June 30, 2007. 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. Contacts: Terry Ryan, Senior VP & General Manager Mercury Federal Systems, Inc. 703-638-3390 / Russ Adamchak, Manager, Business Development Mercury Federal Systems, Inc. 703-673-2721 / Kathy Sniezek, Public Relations Manager Mercury Computer Systems, Inc. 978-967-1126 / Leigh McLeod, Media Relations Mercury Computer Systems, Inc. 978-967-1120 / Challenges Drive Innovation, Component Portability Infrastructure and CPI, and Waveform-Ready are trademarks of Mercury Computer Systems, Inc. Other product and company names mentioned may be trademarks and/or registered trademarks of their respective holders. http://www.newscom.com/cgi-bin/prnh/20030930/MERCURYCSLOGO http://photoarchive.ap.org/ DATASOURCE: Mercury Computer Systems, Inc. CONTACT: Terry Ryan, Senior VP & General Manager, +1-703-638-3390, or Russ Adamchak, Manager, Business Development, +1-703-673-2721, , both of Mercury Federal Systems, Inc.; Kathy Sniezek, Public Relations Manager, +1-978-967-1126, or Leigh McLeod, Media Relations, +1-978-967-1120, , both of Mercury Computer Systems, Inc. Web site: http://www.mc.com/

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