Mercury Systems, Inc. (NASDAQ: MRCY, www.mrcy.com), a technology
company that delivers processing power for the most demanding
aerospace and defense missions, today introduced the first
space-qualified FPGA processing board to use AMD’s Xilinx Versal®
AI core. The SCFE6933 is a radiation-tolerant, 6U SpaceVPX board
that will make high-performance computing more accessible for a
broad range of space applications and customers.
Mercury’s SCFE6933 allows data to be processed on orbit faster,
more efficiently, and more reliably. Optimized for size, weight,
and power, the SCFE6933 performs in a single board what previously
required three boards, simplifying mission architectures, and
reducing costs. The Versal AI core drives heterogeneous processing
efficiencies never before available as an off-the-shelf product for
space systems, allowing more data to be processed in less time. It
is also software-defined, bringing the ability to dynamically add
application-specific IP and customize its functions in orbit,
extending spacecraft utility as mission objectives evolve over
time.
Mercury’s first customer for the SCFE6933 is Ball Aerospace,
with whom the product is being co-developed. Mercury will make lab
development models available to commercial customers this year with
flight units available in 2024.
Mercury has a strong legacy in space, having delivered more than
20,000 space-qualified devices with no in-flight failures and
solutions used on more than 65 satellite and launch vehicle
programs. Our space systems and components are purpose-built for
harsh, radiation-intense environments:
- Cockpit displays allow commercial space vehicle crews to
operate safely
- Solid-state data recorders leverage the VPX form factor for
agile interoperability and accelerated system design
- Memory modules enable sophisticated in-space applications and
manage exploding volumes of data
- RF components including filters, amplifiers, and ferrites
support high-performance, high-reliability space missions
Why It MattersThe demand for advanced data
processing in orbit has never been greater—from keeping satellite
costs low by using software-defined satellite architectures, to
minimizing latency for rapid response to emerging threats, to
having the ability to pre-process sensor data and downlink only
mission-relevant information. Mercury’s unique position at the
intersection of high-tech and defense allows it to serve as the
semiconductor industry’s partner of choice to supply COTS and
modified COTS processing hardware and a trusted partner to
aerospace and defense customers that want to leverage the latest
commercial technologies in their space architectures.
“For more than 40 years, Mercury has designed and manufactured
hardware compliant to space quality standards, and we understand
the challenges of mission power, computing, and storage at the
edge,” said Roger Wells, EVP and President of Mercury’s
Microelectronics division. “The demand for advanced processing
power in space has never been greater, and the SCFE6933 will enable
a new generation of space missions to turn data into real-time
decisions.”
Mercury’s SCFE6933, an AI-ready FPGA board designed for
high-performance processing in space
- 6U SpaceVPX board built with Versal ACAP
- Radiation tolerant for use in space
- Designed to the SpaceVPX open standard that allows for rapid
technology insertion, interoperability, and reuse
- Performance improvements of up to 20x over today’s fastest FPGA
implementations
- Performance improvements up to 100x over today’s fastest CPU
implementations
- Utilizes Mercury’s space-qualified DDR memory with electronic
code correction, which can detect, correct, monitor, and reduce
data corruption for increased data reliability
For more information, visit mrcy.com or contact Mercury at
info@mrcy.com.
Mercury Systems – Innovation that matters® by and for
people who matterMercury Systems is a technology company
that pushes processing power to the tactical edge, making the
latest commercial technologies profoundly more accessible for
today’s most challenging aerospace and defense missions. From
silicon to system scale, Mercury enables customers to accelerate
innovation and turn data into decision superiority. Mercury is
headquartered in Andover, Massachusetts, and has 24 locations
worldwide. To learn more, visit mrcy.com. (Nasdaq: MRCY)
Forward-Looking Safe Harbor StatementThis 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 Company's focus on enhanced
execution of the Company's strategic plan under a refreshed Board
and leadership team. You can identify these statements by 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 geopolitical unrest
and regional conflicts, competition, changes in technology and
methods of marketing, delays in or cost increases related to
completing development, 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, changes in, or in the interpretation or enforcement
of, environmental rules and regulations, market acceptance of the
Company's products, shortages in or delays in receiving components,
supply chain delays or volatility for critical components such as
semiconductors, production delays or unanticipated expenses
including due to quality issues or manufacturing execution issues,
failure to achieve or maintain manufacturing quality
certifications, such as AS9100, the impact of the COVID pandemic
and supply chain disruption, inflation and labor shortages, among
other things, on program execution and the resulting effect on
customer satisfaction, inability to fully realize the expected
benefits from acquisitions, restructurings, and execution
excellence initiatives or delays in realizing such benefits,
challenges in integrating acquired businesses and achieving
anticipated synergies, effects of shareholder activism, increases
in interest rates, changes to industrial security and
cyber-security regulations and requirements and impacts from any
cyber or insider threat events, changes in tax rates or tax
regulations, such as the deductibility of internal research and
development, changes to interest rate swaps or other cash flow
hedging arrangements, changes to generally accepted accounting
principles, difficulties in retaining key employees and customers,
which difficulties may be impacted by the termination of the
Company’s announced strategic review initiative, unanticipated
challenges with the transition of the Company’s Chief Executive
Officer and Chief Financial Officer roles, including any dispute
arising with the former CEO over his resignation, 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, 2023 and subsequent Quarterly
Reports on Form 10-Q and Current Reports on Form 8-K. 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.
MEDIA CONTACT
Turner BrintonSr. Director of Corporate Communications
Turner.Brinton@mrcy.com
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/e9f26628-b058-4aa9-b43a-7c742683b7c4
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