APPLIED ENERGETICS (AERG)
(OTCBB: AERG)
Applied Energetics, Inc., based in Tucson Ariz., specializes in development and manufacture of high performance lasers, high voltage electronics, advanced optical systems, and integrated guided energy systems for defense, aerospace, industrial, and scientific customers worldwide. Applied Energetics pioneered the development of Laser Guided Energy (LGE(TM)) technology, and related solutions for defense and security applications. For more information about Applied Energetics, please visit http://www.appliedenergetics.com.
Corporate Headquarters
Applied Energetics, Inc.
3590 East Columbia Street
Tucson, AZ 85714
Main Number: (520) 628-7415
Fax Number: (520) 622-3835
INVESTOR CONTACT: Cameron Associates
Kevin McGrath, 212-245-4577
Kevin@cameronassoc.com
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Applied Energetics, Inc., formerly Ionatron, Inc., are pioneers in photonic and high-voltage energetics technology. Headquartered in Tuscon, Arizona, we are a passionate creative team of scientists and engineers who understand the power and limits of physics and put that knowledge to work, providing unprecedented options and capabilities for our customers.
Utilizing our proprietary knowledge of high performance lasers, high-voltage electronics, advanced adaptive optics and atmospheric and plasma energy interactions, we develop cutting edge technologies to deliver innovative solutions for critical military missions.
Founded in 2002, Applied Energetics is the exclusive developer of Laser Guided Energy (LGE©) and Laser Induced Plasma Channel (LIPC™) technologies. These revolutionary technologies can precisely transmit high voltage electrical charges by using a laser to create a conductive path in the atmosphere. This technique can deliver tailored weapon and countermeasure effects to targets with laser accuracy and manageable lethality, reducing the potential for inadvertent injury and collateral damage. By harnessing the power of a lightning bolt, we introduce new possibilities for precision, safety and impact, on and off the battlefield.
Through our technologies and products Applied Energetics is committed to building a world that's safer, more secure; sustainable and efficient; innovative and dynamic. In a short span of time we've learned a lot and made extraordinary strides in an uncharted and challenging field. Find out more about our company by learning about our past, our leadership, and our vision for the future.
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Applied Energetics Receives $10.4 Million Contract From U.S. Marine Corps
TUCSON, Ariz., Jan 08, 2010 /PRNewswire via COMTEX/ -- Applied Energetics, Inc., (OTCQB: AERG) today announced it has been awarded a $10.4 million contract from the U.S. Marine Corps. The contract funds will support field operational support for deployed systems, training of U.S. Marines, procurement of additional systems, development of improvements to allow installation of the system on additional Marine Corps and U.S. Army vehicles, and an engineering package to facilitate future transition of the system to Low Rate Initial Production (LRIP). Due to the sensitivity of the effort, the Customer has requested that no additional details regarding this contract be publicly disclosed.
Joseph Hayden, Chief Operating Officer of Applied Energetics, commented, "We are very pleased to continue supporting the U.S. Marine Corps and to assist them in meeting their most critical operational requirements. We believe our close collaboration over the last year and a half has been an essential element in the success of this program to date, and we believe this follow-on contract is evidence of the Customer's confidence in our product and our Company. I am most proud of the dedication and professionalism of our employees who have been closely integrated with the Marines during the training process for our system and through the Operational Assessment of its performance."
The agreement is a Cost Plus Fixed Fee (CPFF) contract issued by the U.S. Army's Research, Development and Engineering Command (U.S. Army RDECOM - Aberdeen Proving Ground, MD) and funded by the Joint IED Defeat Organization (JIEDDO). The contract period of performance is 12 months.
About Applied Energetics, Inc.
Applied Energetics, Inc., based in Tucson, Arizona, specializes in development and manufacture of advanced high performance lasers, high voltage electronics, advanced optical systems, and integrated guided energy systems for defense, aerospace, industrial, and scientific customers worldwide. Applied Energetics pioneered the development of Laser Guided Energy(TM) (LGE(TM)) technology, and related solutions for defense and security applications. For more information about Applied Energetics, please visit http://www.appliedenergetics.com.
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