Mercury Computer Systems, Inc. News
Mercury Computer Systems Announces Agreement to Sell Assets of Visage Imaging's Embedded Services and Professional Services Businesses
"Visage Imaging's strategic focus is on the continued development and sales of our new Client Server (CS) product line. The ES/PS businesses are resource-intensive and do not fit the business model and customer base we are targeting for Visage Imaging going forward," said
The transaction is expected to be completed by
Mercury Computer Systems, Inc. - Where Challenges Drive Innovation
Mercury Computer Systems (www.mc.com) provides specialized, high- performance computing systems and software designed for complex HPC and embedded applications in a range of industries that include aerospace and defense, telecommunications, medical imaging, semiconductor, EDA, and more.
Our products blend unmatched expertise in algorithm optimization and silicon design with software application knowledge and industry-standard technologies. 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 25-year history in enabling customers to gain the competitive advantage they need to stay at the forefront of the markets they serve.
Mercury is based in
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 agreement to sell ES/PS assets to companies held by Orgabit Datenservice GmbH. 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
Product and company names mentioned may be trademarks and/or registered trademarks of their respective holders.
Contact: Robert Hult, Senior Vice President and CFO Mercury Computer Systems, Inc. 978-967-1990 / rhult@mc.com
SOURCE Mercury Computer Systems, Inc.
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