WELL SAID... & here are some facts:
LNGT has a story to tell that is worth listening to! It speaks about probable future success in the marketplace... which is what brings value to shareholders!
1. established company with more than a decade of operations,
2. led by a CEO with over twice that amount of time in the laser industry,
3. Impressive BOD member #1:
Victor D. Cohen has been Director of Laser Energetics Inc. since March 2006. Dr. Cohen also serves as an outside Director and has held numerous engineering and scientific management positions over the past 45 years, including within government service as the Deputy for Tactical Warfare in the Office of the Assistant Secretary of the U.S. Air Force for Research, Development, and Logistics in the Pentagon (1980-1991) and as a member of the Technical Staff at the Institute ... for Defense Analysis (1972-1978). He also worked on the Corporate Staff to the Northrop Vice President for Research and International Marketing (1978-1980) and was Head of the Dynamics and Control Theory Research Division at Grumman Aircraft (1966-1972), along with working as an independent consultant to General Dynamics (1978). Dr. Cohen also represented Israeli security and technology companies in the U.S. (1992-1996), and Singapore Technologies in Central America (1997-1999). Since 1999, he has been an independent consultant in management and engineering. He holds ME, MS, and ScD degrees in Mechanical Engineering from Stevens Institute of Technology, Hoboken, NJ. Dr. Cohen has numerous publications and has spoken at engineering and technology forums for the U.S. Government and at industrial meetings and conventions.
4. Impressive BOD member #2:
John T. LiVecchi has been Medical Director of Laser Energetics Inc., since June 2005. Dr. LiVecchi served as Medical Director of Coronado Industries Inc. In March 2003, Dr. LiVecchi commenced private medical practice in the field of opthalmology in Ft. Myers, Florida. From 1983 to March 1, 2003, Dr. LiVecchi was in private medical practice in the field of ophthalmology in the Scranton, Pennsylvania area. From July, 1995 to November 5, 1996, Dr. LiVecchi was a member ... of Ophthalmic International, L.L.C., the company that developed and patented the glaucoma treatment which was sold to the Coronado Industries Inc. He has been a Director of Laser Energetics Inc. since June 2005. He served as Director of Coronado Industries Inc. from December 16, 1996 to December 2006. Dr. LiVecchi has been on the staff of several hospitals and universities. A Board Certified Ophthalmologist, Dr. LiVecchi is a clinical assistant professor of ophthalmology at Hahnemann Medical University, Philadelphia. Dr. LiVecchi is licensed to practice medicine in the States of New York, Michigan, Florida, and Pennsylvania. From 1982 to 1983, he was a fellow in Oculoplastic Surgery at Kresge Eye Institute of Wayne State University, Detroit, Michigan. Dr. LiVecchi makes scientific presentations and exhibits of his work at scholarly meetings worldwide and has published numerous articles. He is a contributing author to several current texts on ophthalmology. He did his Internship at Long Island College Hospital, in Brooklyn, N.Y. He completed a three year residency in ophthalmology at the S.U.N.Y. Down State Medical Center. Dr. LiVecchi received his medical degree in 1977 from the University of Rome, Italy. He received his B.S. at City University of New York at Richmond.
5. News Item #1: Patent Application
Laser Energetics, Inc. Completes Patent Application for a New BrightStar(TM) Alexandrite Laser
PRINCETON, N.J., Aug. 1 /PRNewswire-FirstCall/ -- Laser Energetics, Inc. (OTC Pink Sheets: LNGT) is pleased to announce that the Company has completed the patent application for its newest BrightStar(TM) Alexandrite laser technology. Mr. Robert Battis, Founder and CEO of Laser Energetics, explained their newest technology which LEI has filed Patents with the US Patent office, which encompasses a new type of Alexandrite laser. This newest laser is a tunable high-bandwidth Alexandrite laser that is pumped by a highly reliable DP Nd:YAG green laser. This new technology will benefit military, commercial and medical laser applications....more
6. News Item #2: Wins Army Competition
Laser Energetics (LNGT) - Brightstar(TM) Laser Technology Wins Army Approval
PRINCETON, N.J., Oct. 16 /PRNewswire-FirstCall/ -- Laser Energetics, Inc. (Pink Sheets: LNGT.PK) is pleased to announce the Company's new, all solid- state Alexandrite laser technology, 'BrightStar,(TM)' has been selected by the US Army as the technology of choice for a near term 'remote sensing 'application in detecting chemical warfare agents.
The BrightStar(TM) laser technology was down-selected by a government panel following the panel's evaluation of 20 different competing laser technologies from 18 laser companies. The panel's evaluation and decision was made in part by Laser Energetics' report on this all solid-state Alexandrite laser and the technical advantages of this tunable laser technology over other lasers.
As a result of this decision, Laser Energetics anticipates a near term contract to produce a proof-of-concept laser that meets a set of specific requirements for this 'remote sensing' application....more
7. News Item #3: Fortune 50 Company Interest
Laser Energetics Delivers BrightStar(TM) Alexandrite Laser to Fortune 50 Defense Company
MERCERVILLE, N.J., Oct. 17 /PRNewswire-FirstCall/ -- Laser Energetics, Inc. (Pink Sheets: LNGT) announced today that the Company has delivered one of its BrightStar solid-state Alexandrite lasers, for a non-lethal laser defense application, to a Fortune 50 defense contractor..
The BrightStar(TM) laser is part of the Company's current product line of conductively air cooled lasers. This BrightStar(TM) laser was purchased for experiments that are classified, and which can potentially lead to a major program involving several thousand Alexandrite lasers.
The value of the transaction was approximately $79,000....more
8. News Item #4: New Manufacturing Process
Laser Energetics Invents New Laser Marking Process
Files PCT Patent
MERCERVILLE, N.J., Oct. 18 /PRNewswire-FirstCall/ -- Laser Energetics, Inc. (Pink Sheets: LNGT) announces that it has invented a new laser process which encompasses a new way of laser marking substrates (pills, gum, batteries, etc.) of most any type, through its plastic container, or packaging. The Company has filed a patent application in the U.S.
The patent is described as 'UV-Visible-IR Multi Wavelength Laser Marking Process'. Laser Energetics has long been known for its expertise in high speed laser marking. In fact, laser systems manufactured by the Company are used on a 24/7/365 basis, on production floors, at several Fortune 500 companies. These systems are used for marking microelectronic parts (Surface Mounted Devices) found in most consumer and military products, ranging from cell phones - to missiles....more
9. News Item #5: Dental & Medical Applications
Laser Energetics to Integrate BrightStar(TM) Alexandrite Lasers in Medical and Dental Applications
MERCERVILLE, N.J., Oct. 22 /PRNewswire-FirstCall/ -- Laser Energetics, Inc. (Pink Sheets: LNGT) announced today that the Company has entered into discussions with several medical and dental instrument suppliers regarding the integration of LEI's BrightStar(TM) Alexandrite lasers into their medical and dental products.
LEI's BrightStar(TM) Alexandrite laser's shorter fundamental tunable laser output and fiber optic beam delivery system can enhance medical and dental laser applications. The lasers may be used in the medical market for Photo Acoustic Imaging to detect certain types of cancer (such as breast cancer), Photo Dynamic Therapy for treatment of certain types of cancer (i.e., lung cancer), hair removal, tattoo removal, spider vein treatment, ophthalmic applications, and blood clot detection to name just a few applications. In addition, the lasers can be used in the dental market for low trauma decay treatment and teeth cleaning. There are many more medical and dental laser applications that LEI's BrightStar(TM) Alexandrite lasers can address.
The Company's BrightStar(TM) Alexandrite lasers, because of their compact design, are cheaper to build, and thus more cost effective and profitable to the practitioners using them.
These applications are in addition to the defense and homeland security markets already being addressed by the Company.,,,more
10. News Item #6: Cornell Partners Paid Off
Laser Energetics Pays Off Cornell Capital Partners LP
Toxic Convertible Debentures Paid Off in Full; Company is Now Positioned for Dramatic Growth
PRINCETON, N.J., Nov. 28 /PRNewswire-FirstCall/ -- Laser Energetics, Inc. (Pink Sheets: LNGT) announced today that the toxic convertible debentures that the Company previously issued to Cornell Capital Partners LP (now known as YA Global Investments) have been paid in full. The Company no longer owes any money to Cornell. As of today's announcement, the Company has approximately 210,732,554 shares of common stock outstanding.
Robert D. Battis, Chairman and Chief Executive Officer of Laser Energetics, stated, 'We would like to thank Cornell for providing financing at a time when financing was a difficult proposition. However, times have changed. We are now generating important orders, and are commercializing our intellectual property. In addition we're negotiating joint venture agreements, and are poised for dramatic growth because of pending military and homeland security contracts. As a result, we have more beneficial and advantageous sources of financing available to us. We are very excited to convey this happy news to our shareholders.'...more
11. News Item #7: Wins Contract with Defense Contractor
Laser Energetics Wins Contract with Major Defense Contractor
Contract Valued at over $480,000
PRINCETON, N.J., Nov. 29 /PRNewswire-FirstCall/ -- Laser Energetics, Inc. (Pink Sheets: LNGT) announced today that the Company has received a contract from a major US-multinational defense contractor regarding its new, all solid- state Alexandrite BrightStar(TM) Laser. This contract is in support of the U.S. Army's initiative to develop an all solid-state laser for the next generation of chemical warfare agent sensor technology currently being developed.
The contract is valued at over $480,000....more
12. News Item #8: DentaL JV Announced
Laser Energetics to Form Joint Venture to Market its BrightStar(TM) Alexandrite Laser for Dental Applications
MERCERVILLE, N.J., Dec. 4 /PRNewswire-FirstCall/ -- Laser Energetics, Inc. (Pink Sheets: LNGT) announced today that the Company has signed a Memo Of Understanding ('MOU') with Lantis Laser, Inc. of Denville, NJ (Pink Sheets: LLSR) to form a Joint Venture, on a 50:50 basis, to market and distribute its BrightStar(TM) Alexandrite laser for dental applications.
One of the first applications identified involves removing calculus (bacterial tartar) from teeth. Hygienist's scaling, while necessary and effective, is not comfortable to most patients. Laser removal of calculus is achieved without contact and would certainly be the choice of cleaning modality for most practitioners and patients. Because of the BrightStar(TM) technology, the laser has a more compact design, lower cost to build, and thus is more cost effective and profitable to the practitioners using them than current technologies.
Under the terms of the MOU, Laser Energetics received an order from Lantis Laser for an Alexandrite development laser, which will include a cost- effectiveness manufacturing study to tailor the compact laser for the dental market. The study and laser will be completed before the end of 2007. Laser Energetics' primary role will be development, engineering, and manufacturing of the new laser package, which will be funded by the Joint Venture....more
Complete stories shown as news are available from several search options... news listings associated with iHub or broker quote listings, or by googling the story using the introductory information given above.
Worthwhile DD reading for any that have not already done so.
IMO...
