Mikros Systems was up as much as 1200% today from its previous close at .05 last Friday. While it may have been the target of a pump and dump campaign, the company had announced a significant new contract recently. The news release is detailed below.
"PRINCETON, N.J., Jan. 14, 2013 /PRNewswire/ -- Mikros Systems Corporation (OTCBB: MKRS), announced today that they have been selected by Northrop Grumman to assist in the design of wireless networks on US Navy Submarines for the Consolidated Afloat Networks and Enterprise Services (CANES) program.
Mikros was selected as a small business partner on the Northrop Grumman CANES team for its proficiency in wireless network systems planning and installation support. Mikros has designed, planned, and supported installations of wireless networks aboard multiple classes of U.S. Navy ships. This capability should prove valuable to the CANES program. According to Signal Magazine, a leading defense industry trade journal, wireless networking "is a cornerstone capability and requirement for the Consolidated Afloat Network and Enterprise Services (CANES)."
"We have worked closely over the years with the Navy's technical community to develop specific knowledge and software tailored to meet the unique demands of installing and operating wireless networks in shipboard environments," said Tom Meaney , Mikros President. "We are excited to work alongside the rest of the Northrop Grumman CANES team and provide dedicated, professional expertise in this area."
Disclosure: I am long OTCQB:MKRS.
Additional disclosure: I am not recommending this or any other stock. You should always do your own investigating before making any investment decisions.