CHELMSFORD, Mass. - May 9, 2007 - Mercury Computer Systems, Inc. (NASDAQ: MRCY) announced that it has provided silicon intellectual property (SIP) to Raytheon Space and Airborne Systems for the development of the MONARCH (Morphable Networked Micro-Architecture) fully programmable, system-on-a-chip-processor.
As announced by Raytheon on March 20, 2007, the MONARCH processor was developed by Raytheon under a DARPA (Defense Advanced Research Projects Agency) contract for the Polymorphous Computing Architecture (PCA) program. The program goal is to develop processing architectures that can reconfigure and adapt to mission requirements, such as those in airborne and space radar and global positioning systems, and to reduce mission computing payload adaptation, optimization, and verification times from months and years, to minutes.
The MONARCH subcontracting team includes the University of Southern California/Information Sciences Institute, the Georgia Institute of Technology, IBM’s Global Engineering Solutions division, and Mercury Computer Systems. Mercury provided its Serial RapidIO® IP core with DMA capability, DRAM (dynamic random access memory) control IP, and component middleware. As a complete, high-performance, high-function core with the industry-standard RapidIO interconnect architecture, Mercury’s IP core can address a variety of endpoint and switching communications applications.
According to Raytheon, the MONARCH processor is the most adaptable processor ever built for the Department of Defense, with exceptional compute capacity, highly flexible data bandwidth capability, and state-of-the-art power efficiency.
"We are pleased to work with Raytheon in pioneering the development of this new-generation processor, with its unique ability to reconfigure and optimize processing on the fly," said Mark Skalabrin, Vice President and General Manager of the Advanced Solutions business at Mercury Computer Systems. "Mercury’s broad range of IP solutions addresses a growing number of data-intensive requirements, such as those targeted for the MONARCH processor, in both commercial and defense applications."
For more information on the MONARCH processor, view Raytheon’s press release at http://www.prnewswire.com/cgi-bin/micro_stories.pl?ACCT=149999&TICK=RTN&STORY=/www/story/03-20-2007/0004549625&EDATE=Mar+20,+2007. For more information on Mercury’s IP offerings, visit www.mc.com/ip, call (866) 627-6951, or e-mail webinfo@mc.com.
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 National Market (NASDAQ: MRCY). Visit Mercury at www.mc.com.
About Raytheon Space and Airborne Systems
Raytheon Space and Airborne Systems is the leading provider of sensor systems giving military forces the most accurate and timely information available for the network-centric battlefield. With 2006 revenues of $4.3 billion and 12,000 employees, SAS is headquartered in El Segundo, Calif. Additional facilities are in Goleta, Calif.; Forest, Miss.; Dallas, McKinney and Plano, Texas; and several international locations.
Raytheon Company, with 2006 sales of $20.3 billion, is an industry leader in defense and government electronics, space, information technology, technical services, and business and special mission aircraft. With headquarters in Waltham, Mass., Raytheon employs 80,000 people worldwide.
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 silicon IP provided for Raytheon’s Morphable Networked Micro-Architecture. 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, 2006. 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.
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Contacts:
Mark Skalabrin
VP, GM Advanced Solutions
Mercury Computer Systems, Inc.
978-967-1255/ mskalabrin@mc.com
Kathy Sniezek
Public Relations Manager
Mercury Computer Systems, Inc.
978-967-1126 / ksniezek@mc.com
Leigh McLeod
Media Relations
Mercury Computer Systems, Inc.
978-967-1120 / lmcleod@mc.com
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