Mercury pioneers the revolutionary application-ready Rappid spectrum processing platform to support full spectrum superiority Nasdaq: MRCY

ANDOVER, Mass., April 21, 2021 (GLOBE NEWSWIRE) – Mercury Systems, Inc. (NASDAQ: MRCY, www.mrcy.com), a leader in reliable and secure mission-critical aerospace and defense technologies, today launched the revolutionary Rappid ™ spectrum processing platform, an innovative, modular open system architecture designed to dramatically accelerate development of a wide range of electronic warfare (EW), signal intelligence and software-defined radio applications. This scalable, application-ready platform reduces integration costs, extends system lifecycles, and enables rapid deployment of new technologies – all essential to staying relevant to evolving adversarial threats.

“Customers demanded an open, modular solution that would allow them to quickly deploy the latest EW technology to where it is needed most,” said Mark Bruington, vice president and general manager of Mercury Spectrum Systems. “Our new open-architecture ‘grow once, deploy anywhere’ Rappid platform decouples hardware from software in the same way smartphone apps are designed to work on multiple smartphone models. This revolutionary approach allows users to quickly port new software to their existing subsystems to counter near-peer EMS threats. This is another important step in Mercury’s commitment to make commercial technology deeply more accessible to aerospace and defense. ”

“Rapid deployment of new technology is essential to winning a nation-state competition,” said Dr. Bill Conley, chief technology officer at Mercury. “By leveraging commercial technology, our Rappid platform enables the democratization of innovation between industry and government in a new way that dramatically reduces the time the military has to wait to receive enhanced capabilities. This transformative innovation supports our national goals articulated in DoD’s 2020 Electromagnetic Spectrum Superiority (EMS) Strategy by improving the agility of our systems. It is a revolutionary breakthrough essential to defeating opposing hypersonic weapons, enabling joint command and control of all areas, as well as the rapid upgrading of DoD’s strategic multi-mission platforms.

Today’s EW systems are typically designed and developed with custom hardware, firmware, and software. As new technologies become available, the upgrade process can be tedious and expensive, as each new design requires the development of new software from scratch. In contrast, Rappid allows system developers to run the same software and firmware on different hardware implementations, enabling rapid upgrades across a wide range of EW systems to deliver operational capabilities when and where they are needed. Mercury continues to expand the Rappid environment by adding new partners and capabilities, bringing the latest technologies to mission critical applications. A first collaboration with third-party system developers has already started with the Virginia Tech Hume Center for National Security and Technology, followed by one of the first users, the Jammer Technique Optimization Team (JATO), from the Naval Air Base. by Point Mugu.

Mercury envisions, creates and delivers innovative technology solutions specifically designed to meet the most pressing high-tech needs of our customers. For more information, purchase requests or to learn how to become a development partner, please visit the Rappid web page or contact Mercury at (866) 627-6951 or [email protected]

Mercury Systems – Innovation That Matters®
Mercury Systems is a global commercial technology company serving the aerospace and defense industry. Based in Andover, Mass., The company provides reliable and secure open architecture processing solutions powering a wide range of mission-critical applications in the harshest and most demanding environments. Inspired by its goal of delivering innovation that matters, by and for the people who matter, Mercury helps make the world a safer, more secure place for everyone. To learn more, visit mrcy.com, or follow us on Twitter.

Prospective 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 in this document and to the business performance of fiscal year 2021 and to the beyond and to the growth and growth plans of the company. improved profitability and cash flow. You can identify these statements by using the words “may”, “will”, “could”, “should”, “would”, “plan”, “expect”, “plan”, “continue”, “estimate,” “Project”, “intention”, “probable”, “planned”, “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. These risks and uncertainties include, but are not limited to, the 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, epidemics and pandemics such as COVID, the effects of any US federal government shutdown or prolonged ongoing resolution, the effects of ongoing geopolitical unrest and regional conflicts, competition, technological changes and marketing methods, delays in the completion of engineering and manufacturing programs, changes in customer order patterns, changes in the product line, following successful technological advancements and delivery of technological innovations, changes or the U.S. government’s interpretation of federal export control or regulatory rules and regulations pprovisioning, market acceptance of the Company’s products, component shortages, production delays or unforeseen expenses due to performance quality issues with outsourced components, ina ability to fully realize the expected benefits of acquisitions and restructurings, or delays in realizing these benefits, challenges related to integrating acquired businesses and achieving expected synergies, increases in interest rates, changes in industrial security and cybersecurity regulations and requirements, changes in tax rates, tax regulations, changes in interest rate swaps or other cash flow hedging arrangements, changes in generally accepted accounting principles, difficulties in retaining key employees and customers, unforeseen costs associated with fixed-price service and systems integration commitments, and miscellaneous other factors beyond our control. These risks and uncertainties also include additional risk factors as discussed in documents filed by the company with the United States Securities and Exchange Commission, including its annual report on Form 10-K for the year ended 3 July 2020. The company cautions readers not to place undue reliance on these forward-looking statements, which speak only as of the date of their publication. The Company assumes 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 Communications
Mercury Systems Inc.
+1 (978) 967-1366 | [email protected]

Mercury Systems and Innovation That Matters are registered trademarks and Rappid is a trademark of Mercury Systems, Inc. Other product and company names mentioned may be trademarks and / or registered trademarks of their respective holders.

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/f2430a9c-d44a-4273-b8da-e9857638ec1c

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