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Mercury Computer Systems Signs Exclusive Licensing Agreement With Honeywell for Mercury's VistaNav 3D Synthetic Vision Product Line

Posted on: Wednesday, 23 April 2008, 00:00 CDT

CHELMSFORD, Mass., April 22 /PRNewswire-FirstCall/ -- Mercury Computer Systems, Inc. a leading provider of high-performance computing solutions for HPC and embedded computing markets, announced it has licensed exclusively to the Aerospace division of Honeywell International, Inc. its VistaNav(R) Synthetic Vision IP (intellectual property) developed by its Avionics & Unmanned Systems Group (AUSG).

Mercury has exclusively licensed and will transition the VistaNav product line to Honeywell, a worldwide technology and manufacturing leader of aerospace products and services and control technologies. Honeywell will assume sales and support of the VistaNav CIS (Cockpit Information System) situational awareness products.

"Over the past three years, the AUSG team has developed a series of innovative products based on the award-winning VistaNav 3D Synthetic Vision system. While this exciting technology has garnered significant attention in the general aviation space, it is critical that we narrow our overall market focus and vigorously prioritize our R&D efforts, to improve the Company's performance and returns for our shareholders," said Mark Aslett, President and Chief Executive Officer of Mercury Computer Systems, Inc. "We're pleased to transition the VistaNav product line to Honeywell, which can provide a favorable environment to foster future growth."

"Our agreement with Honeywell enables Mercury to capture value for this IP, which was developed by the very talented and dedicated AUSG employees," Mr. Aslett added. "I want to express my gratitude to them for their contributions and support."

Product sales and sales support transition will be completed by April 30. Mercury Computer Systems, Inc. -- Where Challenges Drive Innovation

Mercury Computer Systems (http://www.mc.com/) provides specialized, high-performance computing systems and software designed for complex HPC and embedded applications in a range of industries that include aerospace and defense, telecommunications, medical imaging, semiconductor, EDA, and more.

Our products blend unmatched expertise in algorithm optimization and silicon design with software application knowledge and industry-standard technologies. 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 25-year history in enabling customers to gain the competitive advantage they need 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 .

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 definitive license agreement with Honeywell for the VistaNav 3D Synthetic Vision IP. 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.

VistaNav is a registered trademark of Mercury Computer Systems, Inc. Product and company names mentioned may be trademarks and/or registered trademarks of their respective holders.

Contact: Robert Hult, Executive Vice President and CFO Mercury Computer Systems, Inc. 978-967-1990 / rhult@mc.com

Photo: http://www.newscom.com/cgi-bin/prnh/20030930/MERCURYCSLOGOAP Archive: http://photoarchive.ap.org/PRN Photo Desk, photodesk@prnewswire.com

Mercury Computer Systems, Inc.

CONTACT: Robert Hult, Executive Vice President and CFO of MercuryComputer Systems, Inc., +1-978-967-1990, rhult@mc.com

Web site: http://www.mc.com/

Source: PRNewswire-FirstCall

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