August 6, 2010 (FinancialWire) (Go to http://www.financialwire.net/?s=ftrdnwswnd for all of today’s featured news.) — Mikros Systems Corp. (OTCBB: MKRS) said it has received a $750,000 Small Business Innovation Research  Phase 2 contract from the Naval Sea Systems Command for development of a "Wave Energy MicroBuoy" to be used as an at-sea platform for a communications relay or network gateway. The company said that Ocean Power Technologies Inc. (NASDAQ: OPTT), a current Mikros partner, has been in the pursuit of the contract and will be a major subcontractor.

Mikros and OPT will collaborate in the design and development of a miniaturized, self-powered ocean buoy which can be deployed at sea for extended periods to support various on-board payload packages, such as network communications nodes.

The main objective of the SBIR Phase II Program is the development and testing of a prototype MicroBuoy and demonstration of a persistent power level specified for the Navy system.

New Jersey-based Mikros Systems is a technology company specializing in the research and development of electronic systems technology primarily for military applications.

Classified by the U.S. Department of Defense as a small business, Mikros’ capabilities include technology management, electronic systems engineering and integration, radar systems engineering, combat/command, control, communications, computers and intelligence systems engineering, and communications engineering. Mikros' primary business is to pursue and obtain contracts from the Department of Homeland Security, U.S. Navy, and other governmental authorities.

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