ANDOVER, Mass., July 20, 2021 (GLOBE NEWSWIRE) – Mercury Systems, Inc., (NASDAQ: MRCY, www.mrcy.com), a leader in reliable and secure critical technologies for aerospace and defense, announced today He is partnering with CoreAVI to deliver CoreAVI’s certified graphics, video and GPU compute solutions to aerospace and defense customers.
The license agreement between the companies responds to the growing demand for security critical solutions and open standards platforms in the defense market. Mercury will be the exclusive global sales channel to combine CoreAVI software and COTS hardware for the aerospace and defense markets, providing a single source for the security critical open standard platform.
“As the demand for flight safety certification increases globally, the complexity and performance requirements of computer systems powering critical avionics applications are also increasing,” said Jay Abendroth, vice president of Mercury Mission. “The complementary capabilities of our Mission division in mission computation, safety critical avionics and platform management combined with CoreAVI products will help deliver better solutions and products to customers, thus strengthening our commitment to innovation that matters. “
Mercury and CoreAVI will also work together to develop and commercialize highly integrated and security-certified microelectronic artificial intelligence (AI) technology for enhanced and critical situational awareness and connected autonomous systems.
“Security is a key component of any airborne platform and as avionics application technology continues to evolve, the security criticality of hardware and software must follow,” said Damian Fozard, CEO of CoreAVI. “CoreAVI is delighted to partner with Mercury to offer our safety-critical graphics and computing solutions, combined with Mercury’s mission compute solutions, to support future applications for our aerospace and aviation customers. defense. “
Mercury envisions, creates and delivers innovative technology solutions specifically designed to meet the most pressing high-tech needs of its customers. For more information, visit mrcy.com or contact Mercury at (866) 627-6951 or [email protected]
About Mercury Systems – Innovation That Matters® Mercury Systems is a global commercial technology company serving the aerospace and defense industry. Headquartered in Andover, MA, USA, the company provides secure and reliable 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 and more secure place for everyone. For more information, visit mrcy.com.
About CoreAVI CoreAVI is the world leader in the architecture and delivery of drivers and libraries for security-critical compute and graphics software, integrated graphics processor and “system-on-chip” components, and hardware IP. certifiable platform. CoreAVI’s comprehensive software suite enables the development and deployment of comprehensive safety critical solutions for automotive, industrial and aerospace applications requiring certification at the highest integrity levels, coupled with full lifecycle support. CoreAVI’s solutions support graphics and computing applications including secure autonomy, machine vision and AI in the automotive, unmanned vehicle and industrial IoT markets, as well as avionics systems commercial and military. www.coreavi.com
Forward-looking statement on the Safe Harbor 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 for fiscal year 2021 and beyond. beyond and to plans for growth and improvement of profitability and cash flow. You can identify these statements by using the words “may”, “will”, “could”, “should”, “should”, “plans”, “expects”, “plans”, “continues”, “” project “,” intention “,” probable “,” forecast “,” probable “,” potential “and similar expressions. These forward-looking statements involve risks and uncertainties which 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 defense markets. Society, the effects of epidemics and pandemics such as COVID, the effects of any US federal government shutdowns or protracted protracted resolutions, effects of continuing geopolitical unrest and regional conflicts, competition, changes in tec hnology and methods of marketing, delays in the completion of engineering and manufacturing programs, changes in customer ordering patterns, changes in the product line, continued success in technological advancements and implementation of technological innovations, changes in or in the United States government’s interpretation of federal export control or procurement rules and regulations, 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 achieving these benefits, challenges in integrating acquired businesses and completing expected synergies, increase in interest rates, changes in regulations industrial security and cybersecurity terms and requirements, changes in tax rates or tax regulations, changes in interest rate swaps or other cash flow hedging agreements, changes in accounting principles generally recognized, difficulties retaining key employees and customers, unforeseen costs under fixed-price service and system integration contracts, and various 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.
Mercury Systems and Innovation That Matters are registered trademarks of Mercury Systems, Inc. Other product and company names mentioned may be trademarks and / or registered trademarks of their respective holders.