ITT Inc (ITT)

[bmoondoggy]

How big will New Contract be with Laser Energetics? Does anyone in here get any of that stock, it's at a penny! Between the Army picking their technology and ITT's labor LNGT stock should sky rocket??????
Laser Energetics, Inc. (Pink Sheets: LNGT) announced today that the Company has successfully completed the Proof-of-Concept contract worth $481,268 with ITT Corporation (NYSE: ITT). This contract supports the U.S. Army's initiative to develop an all solid-state laser for the next generation of chemical warfare agent sensor. This contract provided LEI the opportunity to design and demonstrate a high power all solid state Alexandrite pumping concept which is now part of the Laser Energetics' BrightStar(TM) product line.

The ITT contract with Laser Energetics follows the Army's selection of Laser Energetics' BrightStar(TM) as the laser technology of choice for remote sensing of chemical warfare agents. The technology was selected in 2007 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.