CHELMSFORD, Mass. - May 29, 2007 - Mercury Computer Systems, Inc. (NASDAQ: MRCY) named Terry M. Ryan as Senior Vice President and General Manager of the Federal Government Businesses for Mercury.
Mr. Ryan is a recognized industry and former government leader in the defense and intelligence space, with more than 20 years in the national security community. Most recently, Mr. Ryan was senior vice president, Strategic Development for Science Applications International Corporation, Inc. (SAIC, Inc.), a publicly traded research and engineering company (NYSE: SAI) focused on solving complex technical problems in various areas including national and homeland security. At SAIC, Inc., he was responsible for overseeing strategy development and mergers and acquisitions for the Intelligence, Security and Technology Group.
Prior to SAIC, Inc., Mr. Ryan served as vice president and director for SRA International’s C4ISR (Command, Control, Communications, Computers, Intelligence, Surveillance and Reconnaissance) Center, where he directed intelligence community-related programs and contracts. During his tenure, he was appointed to the President’s Foreign Intelligence Advisory Board’s Transformation Advisory Group, and to the CIA Director’s Constellation Architecture Panel. Prior to that, Mr. Ryan served as president, CEO, and director of Adroit Systems, Inc., where he initiated a strategic growth campaign that resulted in a 125% growth in organic revenues in three years. In 2001, Mr. Ryan was recognized as one of the top four entrepreneurs in the Greater Washington-Baltimore area as an Ernst & Young Entrepreneur Finalist.
Mr. Ryan also held pivotal senior executive positions in the Department of Defense. As a senior member of the Office of the Secretary of Defense, he was responsible for overseeing the acquisition and requirements for the Department’s intelligence, surveillance and reconnaissance systems and was the deputy director of the Defense Airborne Reconnaissance Office. Mr. Ryan also served as a Professional Staff Member of the Senate Select Committee on Intelligence and House Permanent Select Committee on Intelligence. Mr. Ryan’s 10-year military term included a position as senior intelligence analyst for the U.S. Office of Naval Intelligence, and infantry commander and intelligence officer for the U.S. Marine Corps.
"We’re very excited to have Terry join Mercury, as we believe his remarkable military, congressional, and entrepreneurial background will be a strong asset to our management team and to the business," said Jay Bertelli, President and CEO of Mercury Computer Systems, Inc. "While we continue to focus on our current defense business, Terry will also lead the charge in extending Mercury’s capabilities into national intelligence and homeland security applications, which are facing increasingly complex computing problems that Mercury is ideally suited to solve."
Mr. Ryan will be based in Washington, DC.
Mercury Computer Systems, Inc. – Where Challenges Drive Innovation
Mercury Computer Systems is the leading provider of computing systems and software for data-intensive applications that include image processing, signal processing, and visualization. With a strong commitment to innovation, our expertise in algorithm optimization, systems development, and silicon design is blended with software application knowledge and industry-standard technologies to solve unique computing challenges. We work closely with our customers to architect solutions that have a meaningful impact on everyday life: detecting aneurysms; designing safer, more fuel-efficient aircraft; identifying security threats; discovering oil; developing new drugs; and visualizing virtually every aspect of scientific investigation.
Mercury’s comprehensive, purpose-built solutions capture, process, and present data for the world’s largest medical imaging companies, 8 of the 10 top defense prime contractors, and other leading Fortune 500 and mid-market companies in semiconductor, energy, telecommunications, and other industries. Our dedication to performance excellence and collaborative innovation continues a 24-year history in enabling customers to stay at the forefront of the markets they serve.
Mercury is based in Chelmsford, Massachusetts and serves customers worldwide through a broad network of direct sales offices, subsidiaries, and distributors. We are listed on the Nasdaq National Market (NASDAQ: MRCY). Visit Mercury at www.mc.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 addition of Terry M. Ryan to Mercury’s senior management team and the scope of Mr. Ryan’s responsibilities for the Company. You can identify these statements by our use of the words "may," "will," "should," "plans," "expects," "anticipates," "continue," "estimate," "project," "intend," 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, general economic and business conditions, including unforeseen weakness in the Company’s markets, effects of continued geo-political 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, continued funding of defense programs, the timing of such funding, 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 or delays in realizing such benefits, challenges in integrating acquired businesses and achieving anticipated synergies, and difficulties in retaining key customers. These risks and uncertainties also include such additional risk factors as are discussed in the Company's recent filings with the U.S. Securities and Exchange Commission, including its Annual Report on Form 10-K for the fiscal year ended June 30, 2006. 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.
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Contacts:
Leigh McLeod, Media Relations
Mercury Computer Systems, Inc.
978-967-1120 / lmcleod@mc.com
Liz Boal, Account Supervisor
Greenough Communications
(617) 275-6522 / lboal@greenoughcom.com
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