Press Releases

New OEM agreement with Hewlett-Packard Enterprise to help accelerate commercial technology innovation for DoD modernization efforts

ANDOVER, Mass., Feb. 19, 2020 (GLOBE NEWSWIRE) -- Mercury Systems, Inc. (NASDAQ: MRCY, www.mrcy.com), a leader in trusted, secure mission-critical technologies for aerospace and defense, announced an OEM agreement with Hewlett Packard Enterprise (HPE) that will enable Mercury to develop a new rugged rackmount server product line based on HPE’s ProLiant server technology. Mercury’s new EnterpriseSeries^™ RES-XR6 Alliance rackmount servers leverage components from HPE’s ProLiant platform and combine them with Mercury’s proven innovative technologies, thermal and mechanical design features into a rugged field-deployable solution that delivers industry-leading advanced compute capabilities to mission-critical defense and tactical edge applications.

“Servers built with Commercial-Off-the-Shelf (COTS) components are designed to keep pace with changing application requirements and improve interoperability, but at the same time they need to be size, weight and power (SWaP)-optimized and certified to military standards for our customers,” said Scott Orton, Vice President and General Manager of Mercury’s Trusted Mission Solutions group. “Our OEM agreement with HPE enables us to offer cost-effective mission-ready servers, supporting our stated goal of making commercial technologies profoundly more accessible to aerospace and defense.”

“Mission-critical edge applications require field-proven computing platforms that optimize performance in a broad range of environments with shock, vibration and temperature extremes,” said Sam Ceccola, account chief technologist, Department of Defense, HPE. “By working with key industry partners like Mercury Systems, aerospace and defense customers can leverage HPE ProLiant servers to securely accelerate and scale applications with advanced compute performance.”

Why it Matters:
Open architecture rugged servers with standardized COTS hardware and software modules allow customers to cost-effectively and rapidly deploy and maintain processing solutions for demanding aerospace and defense applications. HPE’s enterprise server expertise combined with Mercury’s track record in delivering trusted and secure field-deployable solutions enables Mercury to deliver trusted, leading-edge enterprise-class servers to accelerate compute-intensive mission-critical applications at the tactical edge.

What it Delivers:
Mercury’s RES-XR6 Alliance product line integrates HPE’s market-leading technologies into rugged, field-deployable solutions. Benefits include:

• The ability to scale existing HPE infrastructure from the datacenter to aerospace, defense and tactical edge applications with field-proven, compact rugged servers able to operate in a broad range of rugged environments.
• Enhanced threat protection with commercially available Trade Agreements Act (TAA)-compliant components utilizing HPE silicon and firmware and a trusted supply chain.
• Simplified management, deployment and provisioning that leverages enterprise-grade software from HPE.
• Extended product lifecycles to support the needs of aerospace, defense and other mission-critical operations.

Infrastructure that Scales:
By leveraging a hardware and software ecosystem with HPE ProLiant servers that extend threat protection, automation and optimization, RES-XR6 Alliance servers accelerate workloads at the tactical edge by delivering compute technology proven in hyper-scale data centers. With a 30-year track record of delivering reliable processing solutions for aerospace and defense applications, EnterpriseSeries RES products are known for their long lifecycles, high performance, environmental resiliency, interoperability and size, weight, and power (SWaP) optimization.

Availability:
EnterpriseSeries RES-XR6 Alliance rackmount servers are built with the latest HPE ProLiant server technology. The RES-XR6 Alliance server 2U RIO is available today and additional configurations are currently in development.

Mercury is accelerating innovation for its customers as the Company bridges the gap between commercial technology and defense applications to meet the industry’s current and emerging needs. For more information on Mercury’s rugged server solutions, visit mrcy.com/res-xr6-alliance-servers or contact Mercury at (866) 627-6951 or info@mrcy.com.

Mercury Systems – Innovation That Matters^®
Mercury Systems is the leader in making trusted, secure mission-critical technologies profoundly more accessible to the aerospace and defense industries. Optimized for customer and mission success, our innovative solutions power more than 300 critical aerospace and defense programs. Headquartered in Andover, Mass., and with manufacturing and design facilities around the world, Mercury specializes in engineering, adapting and manufacturing new solutions purpose-built to meet the industry’s current and emerging high-tech needs. Our employees are committed to Innovation that Matters®. To learn more, visit mrcy.com, or follow us on Twitter.

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 products and services described herein and to fiscal 2020 business performance and beyond and the Company’s plans for growth and improvement in profitability and cash flow. You can identify these statements by the use of the words “may,” “will,” “could,” “should,” “would,” “plans,” “expects,” “anticipates,” “continue,” “estimate,” “project,” “intend,” “likely,” “forecast,” “probable,” “potential,” 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, continued funding of defense programs, the timing and amounts of such funding, general economic and business conditions, including unforeseen weakness in the Company’s markets, effects of any U.S. Federal government shutdown or extended continuing resolution, effects of continued geopolitical 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, changes in, or in the U.S. Government’s interpretation of, federal export control or procurement rules and regulations, market acceptance of the Company's products, shortages in components, production delays or unanticipated expenses due to performance quality issues with outsourced components, inability to fully realize the expected benefits from acquisitions and restructurings, or delays in realizing such benefits, challenges in integrating acquired businesses and achieving anticipated synergies, increases in interest rates, changes to industrial security and cybersecurity regulations and requirements, changes in tax rates or tax regulations, changes to interest rate swaps or other cash flow hedging arrangements, changes to generally accepted accounting principles, difficulties in retaining key employees and customers, unanticipated costs under fixed-price service and system integration engagements, and various other factors beyond our control. These risks and uncertainties also include such additional risk factors as are discussed in the Company's filings with the U.S. Securities and Exchange Commission, including its Annual Report on Form 10-K for the fiscal year ended June 30, 2019. 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.

Contact:
Robert McGrail, Director of Corporate Communications
Mercury Systems, Inc.
+1 978-967-1366 / rmcgrail@mrcy.com

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.

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/55c741fe-3b26-49e0-b60f-6e88924bc28a