Applied Energetics, Inc. (AERG)

[longshott]

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?