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Photonics Spectra Conference 2021
Directed Energy Lasers: A Historic and Future Perspective
Presented by: Greg Quarles, Applied Energetics
Lasers were first demonstrated over 60 years ago, and some have evolved to become almost a commodity in the defense sector as a directed-energy solution to multiple threats. Greg Quarles provides an overview of the various laser-based technologies being fielded globally and the specific optical sources employed. The past 20 years have seen an evolution from low-power continuous-wave lasers that now exceed nearly 300 kW of output power. As threats change over time, the lasers themselves must evolve to be able to deter, damage, disable, or destroy new threats.
Quarles identifies information from the open literature regarding the types of threats, the current laser solutions, the industrial and component strengths and weaknesses in supporting the laser solutions, and the parallels between commercial sector lasers and the evolution of the unique defense-based platforms. Finally, he reviews the recent introduction of ultrashort short-pulse lasers that are under development and highlights the unique counter-threat opportunities that are evolving.
About the presenter
Greg Quarles, Ph.D., is Chief Executive Officer and Board Member of Applied Energetics. He leads the company in its development of next generation advanced defense technologies based on ultra-short pulse and laser guided energy. Quarles has over 30 years of experience driving cutting-edge laser, optics, and photonics technology development and operations within advanced industrial companies. Additionally, he is a globally recognized leader for his strategic partnerships with the Department of Defense and his innovative work in the progression of global materials research, specifically developing new laser devices for a variety of military, medical, and industrial applications.
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sizeable bids continue to appear during recent trading sessions upward from 29 cents a share.
latest short stock interest per Fintel as of December 15
2020-12-15 633,713
2020-11-30 634,990
News re "Laser Directed Energy" published today. 1. Directed energy weapons for surface ships — which are becoming more effective at increasing ranges — were recently mentioned by the Chief of Naval Operations Adm. Michael Gilday in an essay from SeaPower Magazine.
Gilday told participants at the US Naval Institute’s Defense Forum Washington webcast that the Navy would quickly buy more submarines, hypersonic missiles and laser weapons in the event that the service received an extra US$5 billion in budget money.
In the SeaPower report, Gilday is also quoted as saying he wants to go “way faster” with lasers, adding “I need to be able to knock down missiles.”
2. Plans for the Army's Stryker-Mounted Laser Shoot-Off Enter Final Stages
AERG may not be involved with either of the two stories above, however
I think the unique and top secret Laser Guided Energy technology wholly owned by AERG will eventually be licensed by the DOD and major defense companies. Just as bullets replaced arrows with the development of guns, laser systems are needed NOW to defend against possible hypersonic missiles and drones.
hmmmmm Lots of volume recently...with large bids at .29 and .30
Maybe,Maybe,Maybe ??? the stock is sinking in price with no financial report (annual) due until late March. Now a stock level is forming because of November 16 negative news of the loss of one U S Army contract and and conversely a total debt for equity exchange by accredited investors at 30 cents a share that has resulted in a preservation of cash and a vote of confidence by those investors. It seems to me that if LIPC and LGE technology is viable and is in fact a significant advance in directed energy development, a large capital gain potential exists with any favorable news.
the convertible notes were private and as such the payment terms may have been interest payable as accrued. No matter, the accredited investors converted last month to stock at 30 cents a share for their own personal investment reasons. It would seem to me to be a very positive sign for AERG .Your thoughts please. Thanks
Thank you Jimmy for your detailed comments and information! I would like to hear your thoughts about the following information re financing tactics of some AERG accredited investors..from the recent Septemeber 30 10-Q "During the quarter ended September 30, 2020, we (AERG) received $4,324,000 in bridge funding pursuant to 10% Convertible Promissory Notes (the “2020 Notes”). Also, during the quarter, notes containing a principal balance of $410,000 with a maturity date of September 1, 2019 and a principal balance of $620,000 with a maturity date of December 1, 2019 were exchanged into this portfolio of notes payable." /// from page 26 of September 30,2020 10-Q report.. "Effective November 5, 2020, the company and the holders agreed to convert all outstanding principal and interest outstanding on its 2020 10% Promissory Notes into shares of the company’s common stock. The notes were converted at a price per share of $0.30, resulting in the issuance to the noteholders of 18,386,174 shares in the aggregate. All of these converting noteholders are accredited, sophisticated investors, and neither the issuance of the notes nor their conversion were in connection with any public offering, pursuant to Section 4(a)(2) of the Securities Act of 1933."
Why in your opinion did the accredited investors exchange their notes for common stock last month when the notes were continually convertible at 30 cents a share through July 15,2021 and ALSO paid the investors 10 per cent in cash until maturity next summer ? thank you in advance for your analysis and response !
‘End era of retreat’: Boris Johnson pledges laser guns as he pumps extra £16.5bn into military
Prime minister says lasers are among ‘technologies that will revolutionise warfare’ ....from the Independent 11/19/2020
re"jimmy jon cash" messages re lack of U S Army stage 2 selection...you were correct . Thanks for heads up .
interesting conclusion of yours but maybe not the final decision of the U S Army. Per the positive action by accredited investors described in a recent 8k and also the very large reduction in short stock positions (23 per cent ) reported as of two weeks ago...I am reluctant to become long term negative about AERG. May I ask you "Jimmy Jon Cash"...what is your interest in the company ? I am long holding a large position for many years. Your position please ? Thank you for your past posts and possible responses to my comments and question.
link please.. thanks
per Fintel report dated 10/30 short interest dropped 23 percent to 644,860 shares from 841,271 shares on 10/15.
Stipulation of Voluntary Dismissal Thu 11/05 11:08 AM
STIPULATION OF VOLUNTARY DISMISSAL It is hereby stipulated and agreed by and between the parties and/or their respective counsel(s) that the above-captioned action is voluntarily dismissed, with prejudice against the defendant(s) Applied Energetics, Inc., Stein Riso Mantel McDonough, LLP and without costs pursuant to Rule 41(a)(1)(A)(ii) of the Federal Rules of Civil Procedure. Document filed by Applied Energetics, Inc.. Proposed document to be reviewed and processed by Clerk's Office staff (No action required by chambers). ..(Sheehan, Brendan)
Tucson, AZ, Aug. 20, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Applied Energetics, Inc.(OTCQB: AERG), today announced that Gregory J. Quarles, Ph.D., chief executive officer of Applied Energetics has been appointed to serve as a member of the Army Board on Research and Development’s Energetics Roundtable at the National Academies of Sciences, Engineering and Medicine in Washington, D.C. This appointment is designated to contribute to the activities of the Division on Engineering and Physical Sciences as they seek to provide insights and advice to the Army Board on Research and Development on emerging issues and opportunities that can advance energetic sciences for Army needs.
terrible news if correct ! Thanks for heads up !
Shares short as of November 29 were 1,662,679 which is a decrease of 59k shares or three per cent since November 15. An estimate published by FINTEL indicates it would take 8 days of average daily trading volume of AERG to purchase all the 1.662 million short shares. The last two reporting periods for short interest show decreases which is a minor positive indicator.
Shares short as of 11/15/2019 were 1,722,354
a slight decrease from 1,740,150 on 10/30/2019.
Any positive news may trigger a dramatic upward price "squeeze" since average daily volume is only 154,164 shares.
NEW ownership of 1,000,000 common shares of AERG
13F filed 11/21/2019 by
LOWE BROCKENBROUGH & CO which is an independent, employee-owned investment advisory firm based in Richmond,Virginia
lowebrockenbrough.com
yes. thanks!
NEW corporate information updated Nov 1 in aergs.com website using tab "Our Mission" then sub tab "AE Presentation". titled 4th Quarter 2018
Website for Westpark Advisors LLC is http://westparkadvisors.com with Patrick Williams as Managing Partner. Contracted on July 16,2018 by AERG to perform certain development and operational services.
Good News! An ETF now owns a small amount of AERG common stock !
Invesco Wilshire Micro-Cap....symbol WMCR
They are the first ETF noted who have purchased AERG for their "small-blend" holdings portfolio !!!
OTCMarkets.com reports short interest as of 4/30/2018 rose to 626,295 shares (a 25.96% increase from 4/13/2018). negative trading indicator ?
AERG Website is back online with update about Mr. Farley .... under Leadership tab in "About Us".
Website
http://www.appliedenergetics.net
from the Arizona Daily Star October 4 and Updated October 18, 2017
A Tucson company that developed a laser-guided energy device to zap improvised bombs for the U.S. military more than a decade ago is coming back to life.
After announcing in April that it was emerging from “shell company” status, Applied Energetics Inc. recently filed a registration statement with federal regulators to raise $5 million to restart its development of ultra-short-pulse lasers for defense and commercial uses.
Founded as Ionatron in 2002, Applied Energetics won nearly $40 million in military contracts to develop its laser-directed energy technology to defeat improvised explosive devices, or IEDs.
The company’s bomb-zapping system was tested by the Marine Corps in Afghanistan, but after the Corps canceled its last contract in 2011, the company said it would refocus its research on fast lasers for commercial applications.
In 2014, the company suspended its business activities and became a “shell company” under federal securities rules. By then, Applied Energetics Nasdaq stock had plunged to just pennies, from a high of about $14 in 2006.
Applied Energetics CEO George Farley said efforts to revive the company started in mid-2015, when a major defense contractor expressed interest in the Tucson firm’s technology.
Farley reached out to Stephen McCahon, a co-founder and former executive at Applied Energetics who was mainly responsible for its technology development and holds more than 30 patents in optics and directed energy.
“It looked to me at the time that maybe it made sense to get together and try and reactivate the business, since there was some interest there,” said Farley, who joined Applied Energetics’ board of directors in 2004 and was named CEO in 2016.
McCahon — who had co-founded another Tucson company, Applied Optical Sciences, in 2010 — agreed and developed a new research and development plan for Applied Energetics and a teaming agreement with his company to carry the work forward.
The company enlisted a new scientific advisory board to restart work on the next generation of ultra short pulse lasers, which are used to make a path for electricity as part of a directed-energy system.
The company’s science advisors are Ph.D. optical scientists with decades of experience, including Gregory Quarles, chief science officer for The Optical Society; and L.A. Schlie, a former senior scientist for Air Force directed-energy programs.
Applied Energetics’ immediate goal is to increase the power of advanced ultra short pulse lasers, while decreasing their size, weight and cost.
The company plans to develop lasers of increasing power and is currently working on a 10-watt system with plans to follow with 100-watt and 1-kilowatt systems.
Applied Energetics says it plans to seek additional research funding from defense contracts from the Navy or other branches, as well as through strategic alliances with other companies pursuing industrial and medical-laser applications.
Farley said the company’s earlier efforts to develop military applications were stymied when Pentagon outlays for directed-energy research were slashed amid federal budget woes following the Great Recession.
To counter IEDs, the military has mainly focused on new vehicle designs and armor, robotic bomb defusers and jamming technologies.
“It’s been difficult to raise money because of the complexity of the technology and the fiscal problems in Washington,” Farley said.
But there has been renewed interest in directed-energy weapons in recent years.
In 2014, the Navy formally fielded one, 30-kilowatt laser system designed to shoot down drones or destroy small attacking boats, AN/SEQ-3 Laser Weapon System, aboard the amphibious dock ship USS Ponce, and is working to test a 150-kilowatt system.
The Army is testing a vehicle-mounted directed energy weapon, the Air Force is developing a missile that can deliver pulses of power to disable electronics, and the Missile Defense Agency is looking to develop a laser-based weapon to destroy enemy missiles early in their flight.
Commercial applications for ultra short pulse lasers include surgical lasers and precision materials processing.
In 2011, Applied Energetics entered a partnership with Missouri-based Laser Light Technologies to develop and market a laser micromachining system.
In a stock registration statement the company filed with the U.S. Securities and Exchange Commission on Sept. 22, the company said it plans to raise $5 million by selling about 99 million shares — about half newly issued and half previously sold in private placements — at a price of up to 10 cents per share.
The resurrection of Applied Energetics could be good news for shareholders, after the company’s stock price sank from more than $14 in 2006 to less than $1 by 2008 and to just pennies per share in the past few years.
Longtime shareholder Howard Hudson, a Marine Corps veteran and retired portfolio manager who lives in Florida, said he bought about 200,000 shares in the company largely to help fund new technology to protect troops.
Hudson said he’d like to see the company succeed.
“From my standpoint, it will be a miracle if they revive themselves,” he said. “That would be a surprise bonus at this point.”
my two sources for the cut and paste post #700 are page 9 of the AERG amended S-1 PRELIMINARY PROSPECTUS filed 9/22/2017 with the SEC, and also from the AERG company profile business description detailed and verified 10/13/17 in the research site "wwwotcmarkets.com" trading symbol OTCM.
Applied Energetics, Inc. ("AERG") was formed in 2002 as a response to the Secretary of Defense call to use innovation to combat terror. The founders privately funded the Company with the strategy to bring viable "new" products to market that did not rely on previous "programs of record" and that were highly unique. AERG developed and has patents for its Laser Guided Energy ("LGE") technology as a reliable and humane alternative to conventional weapons used for defense against many types of terror attacks. AERG's Joint Improvised Explosive Device Neutralizer ("JIN") units, which are used to detect, diffuse and/or explode hidden bombs, are an outgrowth of certain technologies used in the LGE technology and were AERG's first product deployed to the battlefield. Working with the US Marine Corps, AERG developed and delivered a system ("Banshee") that demonstrated significant capability in over 200 missions in Afghanistan countering IEDs, a major threat to military operations throughout the world. The Department of Defense has not issued any contracts for JIN or similar products since 2008 due to the wind down of the war in Iraq and Afghanistan. AERG is not aware of any current DOD proposals or interest for JIN type of Counter Improvised Explosive Devices. Between 2005 and 2010, AERG billed and collected $38,550,698 pursuant to contracts with U.S. Navy and U.S. Marine Corp. In 2004, AERG developed laboratory versions of its LGE weapons and was then contracted by the U.S. government for demonstrations and testing of the technologies against a very broad range of threats and within a broad range of operating environments. AERG has met with and demonstrated its LGE technology to all branches of the U.S. Military, as well as, other government organizations involved in various defense, anti-terrorism, and offensive military type operations. From these demonstrations, AERG received government support with increased security guidelines. Between 2003 and 2009, AERG billed and collected $48,078,031 for LGE applications and demonstrations pursuant to contracts from various branches of the U.S. Armed Forces and other branches of the Federal Government. AERG developed potential applications for its LGE devices for numerous aspects of defense, whether it is sea, land, or air applications. Some possible sea applications are: Opposed boarding of a ship, warship protection against suicide craft, and high value terrorist target protection such as oil tankers. Land opportunities include use in the battlefield to disable vehicles and improvised explosive devices, base and perimeter defense against car bombs and terrorist attacks, Security and Sentry Operations such as check points and crowd control, and protection within nuclear facilities, embassies, and other critical protection areas. AERG has created a 3 year plan to develop and demonstrate various unique critical underlying laser technologies that if successful will allow for Ultra-Short Pulse ("USP") Laser energy scaling toward the 1 J / pulse level and power scaling to the kW regime average power level. While the focus is directed towards LGE mobile DoD platform integration, requiring reduced volume, weight, and military level ruggedization, the commercial market space for such advanced USP lasers is a rapidly growing market segment. A primary driver for the commercial USP market spaces is high average power output allowing for an increase in manufacturing throughput. It is expected that AERG will adapt the advanced USP laser technology developed under the R&D plan to the commercial markets and specifically to the emerging Technology 4.0 manufacturing environment. To fully develop the commercial potential for expected AERG USP laser performance, AERG expects to team with existing major laser manufacturers and other companies that possess critically related advanced fabrication technologies to allow for shared system development costs and rapid market penetration. Our proprietary and confidential Research and Development plan will initially focus on development of a laser with 10-watt average power followed by development of lasers with 100-watt average power and 1-kilowatt average power. The lasers with higher power scaling are intended to be used for LGE and other military applications. We estimate that we will expend a minimum of $3.75 million over three years. We have acquired the materials and commenced work on the development of the 10 Watt average power laser.
new information by AERG in S-1 Amendment number 2, filed today.
"Any funds derived from this offering will be primarily used for our planned research and development activities. We are also actively seeking funding for our defense related research and development activities from the U. S. Navy and other branches of the Department of Defense. We are also seeking funding through strategic alliances for our industrial and medical laser applications. Any funds received from the Department of Defense or strategic partners will reduce the Company’s cost of its planned research and development activities."
Are new funds coming soon from Defense Department? and/or Laser companies?
Looking forward to future profitable operations, AERG has tax loss carry forwards of approximately $86 million that begin to expire in 2020. Based on a 50% corporate tax rate and currently 158 million outstanding AERG shares, AERG has $.27 per share of value from the tax losses.
1st institutional investor in a long time !!! Per the NASDAQ web site is FCG Advisors,LLC who reported on 12/31/2016 new holdings of 77,841 shares of AERG.
AERG owns a United States patent number 9103723 that was granted August 11,2015, and is now in force. It addresses current detection problems per the patent background that include: "Fences are generally designed to prevent people, animals, etc. from leaving and accessing a particular area. Mechanical fences, such as chain-link and barbed wire, can be scaled if not continuously monitored. Continuous monitoring, however, is not always possible. For example, some fences stretch relatively long lengths of land, such as the case with national border fences. There is simply not enough manpower, nor is it economically feasible, to physically and continuously monitor the entire length of these fences."
It may be possible the AERG patent could be useful in securing our national border fences as well as other property.
Would someone please review the details of the patent and let us know your findings ? Thanks
Something good coming soon ? Chart looks positive on breakout today at 4 cents.
No news is good news ??? or same old ???
Rolling over or catching a breath ? How far down will the price go before... or without.. any positive and confirmed news? Same old same old or fresh new approach to business plan ? comments please.
AERG website is back up and running again...looks good
AERG stock has been climbing . Authorized share program is now confirmed ...rising from 125 million to 500 million shares.
perhaps the company will go dark. Level 2 quotes are not available to me,now the website is dark.With no company news or public information, I am also in the dark as to what is going on.
the AERG website may not be useful,accurate, or productive if preliminary agreements have been reached to sell or license the technology and/or buy or sell all or part of the company..ie: North Star High Voltage.
Per the latest 10-k filed 12/31/2014,AERG has $57 million of federal net operating tax loss carryforwards plus $27 million of U S Home and Garden pre merger losses, to offset qualified future taxable income. On September 30,2015, AERG had $216,000 in cash on hand after a third quarter operating loss of $45,000.Outstanding common shares are approximately 92 million shares.// Should AERG be acquired by a similar industry and product company, the $84 million of tax loss carryforwards MAY? be worth more than $.40 a share to the acquiring company...figuring $87 million divided by 92 million shares times a 50% corporate tax rate. The 40 cents a share, plus the value of all 24 patents issued to date, plus the trademark value of LIPC and Laser Guided Energy,plus the knowledge and expertise of scientists affiliated with AERG, plus the growing interest in Ultrashort lasers and ablation,seem compelling to me as an investment. Comments please.Thank you