CHELMSFORD, Mass., Nov. 27, 2012 (GLOBE NEWSWIRE) -- Mercury Systems, Inc. (Nasdaq:MRCY) (www.mrcy.com), a best-of- breed provider of commercially developed, open sensor and Big Data processing systems for critical commercial, defense and intelligence applications, today announced the appointment of Dr. Paul Monticciolo as Chief Technology Officer. Most recently, he served as President and General Manager of the company's former Mercury Federal Systems division.
"I'm very excited to take on this leadership position at such a critical time in our company's history," said Monticciolo. "For over 30 years, Mercury Systems has applied best-of-breed engineering and technology to solve tough customer problems. That's our company's hallmark — and it will continue to be so under my stewardship. Whether we leverage our deep technical skills in Big Data or across the entire sensor processing chain, we're dedicated to bringing technology to market quickly."
According to Mercury Systems President and CEO Mark Aslett, "Paul has repeatedly demonstrated a unique talent for driving technical innovation and then delivering that innovation to our defense Prime contractor customers where it can do the most good. We're extremely pleased to have Paul take on the CTO role at Mercury Systems. We believe his appointment will be a catalyst for helping Mercury Systems — and our customers — stay ahead of the technological curve."
Dr. Monticciolo joined Mercury Systems in July 2010, when he immediately became involved in critical ISR systems and solutions. Prior to his appointment as CTO, he served as President and General Manager of Mercury Federal Systems, a business that handled work with important defense Prime contractors and programs, including Gorgon Stare, a program that delivers wide-area surveillance capabilities using unmanned aerial vehicles (UAVs). Prior to Mercury Systems, Dr. Monticciolo held several key positions at MIT's Lincoln Laboratory, a globally recognized leader in advanced technology for the Department of Defense. During his 20-year tenure at Lincoln Laboratory, he became a recognized expert in multiple intelligence, surveillance and reconnaissance (ISR) technologies, including real-time embedded processing, digital signal processing, and RF hardware for radar and SIGINT applications.
Dr. Monticciolo earned a B.E.E. degree from The Cooper Union, an M.S.E.E. from Georgia Institute of Technology and a Ph.D. in Electrical Engineering from Northeastern University.
Mercury Systems – Innovation That Matters™
Mercury Systems (Nasdaq:MRCY) is a best-of-breed provider of commercially developed, open sensor and Big Data processing systems, software and services for critical commercial, defense and intelligence applications. We deliver innovative solutions, rapid time-to-value and world-class service and support to our prime contractor customers. Mercury Systems has worked on over 300 programs, including Aegis, Patriot, SEWIP, Gorgon Stare and Predator/Reaper. We are based in Chelmsford, Massachusetts. 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 the products and services described herein. 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," 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 of such funding, general economic and business conditions, including unforeseen weakness in the Company's markets, 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 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 and divestitures or delays in realizing such benefits, challenges in integrating acquired businesses and achieving anticipated synergies, changes to export regulations, increases in tax rates, 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, 2012. 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.
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.
CONTACT: Robert McGrail, Director of Corporate Communications Mercury Systems 978-967-1366 / firstname.lastname@example.org
Source:Mercury Systems, Inc.