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Laser Energetics, Inc.
|Case Filed: ||May 02, 2016 |
|Creditor Meeting: ||Jul 06, 2016 |
|Claims Deadline: ||Nov 03, 2016 |
Laser Energetics, Inc.
PO Box 7637
Princeton, NJ 08543-7637
Trenk DiPasquale 427 Riverview Plaza
Trenton, NJ 08611
|Docket last updated: 06/28/2016 1:58 PM EDT |
|Monday, May 02, 2016 |
| || ||Receipt of filing fee for Voluntary Petition (Chapter 7)([LINK 16-18628 ) [misc,volp7a] ( 335.00) Filing Fee. Receipt number A31985677, fee amount $ 335.00. Related [+] (U.S. Treasury) |
Related: [-] Doc#1
|1 || ||1 Chapter 7 Voluntary Petition Filed by Santo Bonanno on behalf of Laser Energetics, Inc.. Disclosure of Compensation for Attorney For Debtor05/16/2016. Incomplete Filings due by 05/16/2016. (Bonanno, Santo) |
|3 || ||3 Notice of Missing Documents. Related [+]. Missing Documents: Summary of Assets and Liabilities for Non-Individuals, Declaration Under Penalty of Perjury For Non Individual Debtors, Statement of Financial Affairs For Non-Individuals, Atty Disclosure Statement, Physical Street Address and Schedules A/B,D,E/F,G & H. Incomplete Filings due by 5/16/2016. (pbf) |
Laser Energetics Out, Lawsuits Linger
Laser Energetics, a maker of nonlethal laser weaponry, has left its Quakerbridge Road office amid lawsuits by several former business partners. Calls to Laser Energetics’ listed numbers were not answered.
The company’s stock was trading for one hundredth of a cent on the OTC market as of December 8, down from a high of $1 in 2006.
In 2013 a Philadelphia LED lighting company called Light Pod Inc., sued Laser Energetics and its CEO, Robert Battis, for breach of contract. The suit accused Battis of licensing Light Pod’s lighting technology, which had been approved for use on board Navy vessels. According to the suit, Battis told Laser Energetics, and its CEO, Lothar Budike Jr., that they could ramp up manufacturing of Light Pod’s solid-state LED lighting technology and sell $250 million worth of them over the next seven years.
The lawsuit claims Battis also told Light Pod that Laser Energetics had entered a $300 million contract with the Saudi Arabian government to supply LEI’s Dazer Laser weapon, and that he would use those funds to build manufacturing capacity for Light Pod devices.
Light Pod accuses Laser Energetics of failing to make more than $2 million of monthly payments that it owed for the lighting technology. The suit says Battis secured a $45 million order from the Navy for the light fixtures, but lost the contract because Laser Energetics could not fulfill the order.
Light Pod’s lawsuit, which is currently being litigated in state Superior Court, is not the only legal challenge to Laser Energetics.
A minority investor, Phillip Risko, filed a lawsuit in May that accused Battis, his son Ryan, and an employee, Daniel Colon, of never manufacturing the laser weapons it claimed to sell. The lawsuit accuses LEI of transferring its patents to new companies in Oklahoma and Florida. Risko also said the sale to Saudi Arabia and an investment deal it claimed it had with CACI International never existed.
Laser Energetics was founded in 1991 and was known for its laser weapons, which it claimed could incapacitate people, making them feel nauseous and disoriented, without permanently injuring them (U.S. 1, September 9, 2009).
At that time Battis was quoted as saying that he was looking for a large facility in Mercer County in which he would manufacture the dazers. He planned to hire “hundreds” of workers at all levels and said that he was about to seek incentives from the government to create the jobs.
A 2010 news report in U.S. 1 said that the firm had contracted with Israel’s Department of Corrections to sell the weapon, which it called the “Dazer Laser.” And in 2013 it announced an order to sell the weapons to Saudi Arabia.
Laser Energetics Inc., 3535 Quakerbridge Road, Suite 700, Mercerville 08619;