PRINCETON N.J., July 11, 2017 (GLOBE NEWSWIRE) -- Mikros Systems Corporation (OTCBB:MKRS) announced today that HP Indigo Division has renewed its software support contract for Mikros’ Diagnostic Profiler software for the fifth consecutive year.
Mikros supplies two software products, Prognostics Framework® and Diagnostic Profiler®, to several commercial customers for Condition Based Maintenance in various industrial applications. These software products generate recurring revenues when customers renew their software maintenance support contracts on a yearly basis. Recently, Hewlett Packard Indigo Division, which manufactures large printing presses, has renewed their software license for Mikros Diagnostic Profiler for the fifth year running. Mikros is also working with HP to design new software upgrades to the system. HP Indigo uses Mikros Diagnostic Profiler to detect errors and maximize system up-time on their printing presses at over 100 installations.
HP’s Dan Koran commented: “HP Indigo Division has been partnered with Mikros on an ongoing contract for five years to provide HP an efficient and effective diagnostician tool for our advanced printing presses. Both companies have had a great relationship and continue to work together. We look forward to continuing the working relationship and other endeavors.”
Tom Meaney, Mikros President and CEO stated that, “First, these orders represent a major vote of confidence from our commercial customers. Second, they indicate that there is significant potential for recurring revenue streams and lasting relationships as we support both hardware and software products in real world applications for commercial customers. We thank our current customers for their continuing support, and believe that life-cycle support of our product lines will continue to be a successful and profitable enterprise.”
Mikros Systems Corporation is an advanced technology company specializing in the development and production of electronic systems technology for advanced maintenance in military, industrial and commercial applications. Classified by the U.S. Department of Defense as a small business, its capabilities include technology management, electronic systems engineering and integration, radar systems engineering, command, control, communications, computers and intelligence systems engineering, and communications engineering. For more information on Mikros, please visit: www.mikrossystems.com.
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