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Mercury Pioneers Ground-Breaking Rappid Application-Ready Spectrum Processing Platform to Support Full-Spectrum Superiority Nasdaq:MRCY

ANDOVER, Massachusetts, April 21, 2021 (GLOBE NEWSWIRE) – Mercury Systems, Inc. (NASDAQ: MRCY, www.mrcy.com), a leader in reliable, secure mission-critical space and defense technologies, today launched the innovative Rappid Spectrum Processing Platform, an innovative, open-plan modular architecture designed to dramatically accelerate the development of a wide range of e-warfare (EW), signal intelligence and software-defined radio applications. This scalable, application-ready platform reduces integration costs, extends system lifecycle, and allows the rapid deployment of new technologies, while all critical elements remain relevant against evolving adversary threats.

“Customers want an open, modular solution that allows them to quickly deploy the latest EW technology where it’s needed most,” said Mark Bruington, vice president and general manager of Mercury Spectrum Systems. “Our new open architecture ‘once-in-a-lifetime architecture’ The Rappid platform separates hardware from software, much like the way smartphone apps are designed to run on multiple smartphone models. This innovative approach enables users to quickly migrate new software to their existing subsystems to counter threats close to EMS. This is another major step in Mercury’s commitment to making commercial technology deeply more accessible to space and defense. “

“The rapid adoption of new technologies is essential to winning a national competition,” said Dr. Bill Conley, Mercury’s chief technology officer. “By using commercial technology, our Rappid platform enables the democratization of innovation between industry and government in a new way that drastically reduces the time the military has to wait to get modernized capabilities. This transformative innovation supports our national targets set out in the DoD Electromagnetic Spectrum (EMS) Excellence Strategy for 2020 by improving the flexibility of our systems. This is a revolutionary advance, which is essential for the victory of the enemy’s hypersonic weapons, enabling joint management and control of all domains, as well as for the rapid upgrade of strategic platforms for multi-mission operations of DoD. “

Current EW systems are typically designed and developed with custom hardware, firmware, and software. With the advent of new technology, the upgrade process can be cumbersome and expensive, as each new design requires new software development from scratch. In contrast, Rappid enables system developers to run the same software and firmware on different hardware implementations, allowing rapid upgrades of a wide range of EW systems to provide operationally significant capabilities when and where they are needed. Mercury continues to expand Rappid’s environment by adding new partners and capabilities, bringing the latest technologies into critical applications. Early collaboration with third-party system developers has already begun with the Virginia Tech Hume National Security and Technology Center, followed by an early contractor, the Jammer Technique Optimization Team (JATO), outside of Point Mugu Naval Air Station.

Mercury envisages, creates and delivers innovative technological solutions specifically designed to meet its customers’ most pressing high-tech needs. For more information, purchase inquiries or to learn how to become a development partner, please visit Rappid web page or contact Mercury at (866) 627-6951 or electronicwarfare@mrcy.com.

Mercury Systems – Innovation that matters®
Mercury Systems is a global trading technology company serving the space and defense industries. Headquartered in Andover, Massachusetts, the company offers reliable, secure open architecture processing solutions that power a wide range of mission-critical applications in the most challenging and demanding environments. Inspired by its goal of delivering innovation that matters to and from people that matter, Mercury helps make the world a safer and more secure place for all. To learn more, visit mrcy.comor follow us Twitter.

Safe harbor statement with perspective
This press release contains some forward-looking statements, as this term is defined in the Private Securities Litigation Reform Act 1995, including those related to the products and services described here, as well as the financial performance of the fiscal sector. 2021 and beyond and the company’s plans to grow and improve profitability and cash flow. You can identify these statements with the words “can”, “will”, “could”, “should”, “would”, “plans”, “expects”, “expects”, “continue”, “predicts, “Project”, “intend”, “probable”, “forecast”, “probable”, “potential” and similar expressions. These forward-looking statements include risks and uncertainties that may give rise to material differences in actual results from those projected or expected. Such risks and uncertainties include, but are not limited to, continued funding for defense programs, the timing and amount of such funding, general economic and business conditions, including unforeseen weakness in the company’s markets, effects of epidemics and pandemics such as COVID, effects of any suspension of the US federal government or prolonged resolution, consequences of ongoing geopolitical unrest and regional conflicts, competition, changes in marketing technologies and methods, delays in the implementation of engineering and production programs, changes in customer order patterns, changes in product mix, continued success in technological progress and the provision of technological innovation, changes in or in the US government’s interpretation of federal export control and export rules, market acceptance of the company’s products, shortage of components, production delays or unexpected costs due problems with the quality of performance with outsourced components, ina to fully realize the expected benefits from acquisitions and restructuring or delays in realizing such benefits, challenges in integrating acquired business and achieving expected synergies, raising interest rates, changes in regulations and requirements for industrial security and cybersecurity, changes in tax rates or 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, unexpected costs in fixed service engagements cost and system integration and various other factors beyond our control. These risks and uncertainties include such additional risk factors that are discussed in the Company’s dossiers to the US Securities and Exchange Commission, including its annual Form 10-K report for the fiscal year ended July 3, 2020. The Company warns readers should not misread any such forward-looking statements that speak only to the date made. The Company undertakes no obligation to update any forward-looking statements 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 | robert.mcgrail@mrcy.com

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

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