Mercury Systems, Inc. (NASDAQ:MRCY) (www.mrcy.com) today announced
that it has been recognized by Frost & Sullivan's Manufacturing
Leadership Council as a 2018 Manufacturing Leadership Award winner
for its outstanding achievement in Engineering & Production for
the Surface Mount Technology (SMT) Center of Excellence established
in its Defense Microelectronics Activity (DMEA)-accredited Phoenix,
Ariz. Advanced Microelectronics Center.
The new SMT Center of Excellence enables Mercury Systems to
provide long-term supply continuity of affordable, high-performance
embedded processing modules for defense applications in a secure
manufacturing environment. The modular and scalable architecture of
the Company's new manufacturing facility is powered by a
state-of-the-art automation system integrated with highly
sophisticated manufacturing intelligence software.
While many manufacturers offer high-volume SMT manufacturing
capability, Mercury's SMT Center of Excellence is the only facility
custom-engineered to fully address the unique requirements of the
defense industry. The new Center of Excellence, like all of the
Company's manufacturing facilities, was designed from the start
with lean six sigma principles deeply embedded into the cadence of
its daily operation to ensure superior quality of the
products. This culture of continuous improvement consistently
delivers product of the highest quality to customers without
compromising on-time delivery.
"We are honored to receive this prominent award recognizing our
initiative to provide trusted microelectronics to our warfighters
around the globe," said Usha Shah, Vice President and General
Manager of Mercury's US Manufacturing Operations group. "By
successfully challenging the fundamental assumptions of high-volume
manufacturing in the defense industry, our military forces now have
access to the most advanced manufacturing technologies without
sacrificing quality, time-to-market or security."
"Congratulations to Mercury Systems and the team that created
the SMT Center of Excellence," said Jeff Moad, Director of the
Manufacturing Leadership Awards. "With this recognition, Mercury
Systems joins an exclusive vanguard of manufacturers that are
transforming their industries and delivering greater value to
customers."
Mercury Systems will be recognized at Frost and Sullivan's 14th
Annual Manufacturing Leadership Awards Gala, which is to be held on
the last day of the Manufacturing Leadership Summit, June 11-13,
2018 at the Hyatt Regency Huntington Beach Resort and Spa in
Huntington Beach, CA.
For more information on Mercury Systems' advanced manufacturing
capabilities, customers can visit
www.mrcy.com/integrated-manufacturing or contact Mercury at
info@mrcy.com or (866) 627-6951.
About the Frost and Sullivan Manufacturing Leadership
AwardsThe Frost and Sullivan Manufacturing Leadership
Awards, now in their 14th year, honor manufacturing companies and
individual manufacturing leaders that are shaping the future of
global manufacturing. Winning projects and individual manufacturing
leaders have demonstrated achievement in one of a wide range of
categories, and are chosen by a panel of expert judges for results
that have delivered clear and compelling value, return on
investment, and other tangible outcomes. There will be several
winners in each category, including one High Achiever's Award in
each category, as well as a 2018 Manufacturer of the Year for both
small and large enterprises. Also unveiled at the Gala will be the
ML Awards Manufacturing Leader of the Year and Lifetime Achievement
Award winners.
The theme for the 14th Annual Manufacturing Leadership Summit is
"Accelerating the Transformation to Manufacturing 4.0." The event
enables senior-level executives in all aspects of manufacturing an
opportunity to network with and learn from the best minds in the
industry.
For more information on the Manufacturing Leadership Awards or
the Manufacturing Leadership Summit, please go to
www.mlsummit.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.
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 fiscal 2018 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 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, changes to cyber-security
regulations and requirements, changes in tax rates or tax
regulations, 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, 2017. 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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