Applied Energetc Stock Price, News & Analysis

Applied Energetics (OTCQB:AERG) announced the opening of its new Battle Lab, a testing and demonstration facility for ultrashort pulse laser (USPL) technologies, located at the University of Arizona Tech Park. The facility aims to accelerate development of USP laser systems for counter-ISR applications and will serve as a manufacturing and integration center.

The company appointed Dr. Patrick Roumayah as Director of the Battle Lab, System Integration and Test. Dr. Roumayah, who joined as Senior Scientist in August 2023, previously worked at Lockheed Martin and Fibertek.

The Battle Lab features include a dynamic testing environment replicating operational scenarios, live demonstration capabilities for USP laser systems against threats like optical sensors and drones, collaboration space for partners, and advanced data collection systems for performance optimization.

Applied Energetics (OTCQB:AERG), a leader in advanced optical and ultrashort pulse laser technologies, has successfully completed a private placement offering raising approximately $4.8 million. The company issued 6,405,666 shares of common stock (or pre-funded warrants) to accredited investors at $0.75 per share (or $0.749 per pre-funded warrant).

The pre-funded warrants can be exercised immediately at $0.001 per share, with a restriction preventing holders from acquiring 5% or more of common stock. The company plans to utilize the proceeds for product development, strategic partnerships, and general corporate purposes. The offering closed on January 14, 2025.

Applied Energetics (OTCQB:AERG), a leader in advanced optical and ultrashort pulse laser technologies, has announced its participation in The Benchmark Company's 13th Annual Discovery One-on-One Investor Conference. The event will take place on December 11th, 2024, at the New York Athletic Club in New York City.

CEO Chris Donaghey will represent the company, conducting one-on-one meetings with investors and analysts throughout the day. The conference provides emerging growth companies an opportunity to connect with institutional and individual investors in a unique format.

Interested investors can schedule meetings through the conference registration link provided.

Applied Energetics and Kord Technologies have signed a Memorandum of Understanding (MOU) to collaborate on developing directed energy and pulsed laser technology for defense applications. The partnership aims to integrate specified directed energy technologies into Kord's counter UAS system and explore opportunities to enhance both companies' product portfolios. The collaboration focuses on joint research and development, combining Applied Energetics' expertise in pulsed laser technology with Kord's defense innovation capabilities. The MOU establishes a framework for potential future collaborations, with specific projects to be announced in the coming months.

Applied Energetics (OTCQB:AERG) has appointed Chris Donaghey as its new President and CEO, effective November 25, 2024. Donaghey, who has served as CFO and COO since August 2022, succeeds Dr. Gregory Quarles. With over two decades of defense industry experience, Donaghey will continue as interim principal financial officer. Dr. Quarles, who led the company since 2019, transitions to CEO Emeritus and Executive for Government and Institutional Relations. Under Quarles' leadership, the company acquired Applied Optical Sciences, relocated to UA Tech Park, enhanced technical teams, and secured three DoD contracts.

Applied Energetics (OTCQB:AERG), a leader in ultrashort pulse laser technologies (USPL), has announced its participation in the OTCQB Venture Virtual Investor Conference on August 1, 2024. Chris Donaghey, CFO & COO of Applied Energetics, will present at 11:00 AM Eastern.

This live, interactive online event allows investors to ask questions in real-time. The presentation can be accessed at https://bit.ly/3LySuJN. For those unable to attend live, an archived webcast will be available after the event. Investors are encouraged to pre-register and run system checks to ensure smooth participation.

Applied Energetics (OTCQB:AERG) has expanded its facilities at the University of Arizona Tech Park by leasing an additional 5,000 sq. ft., bringing their total space to 26,000 sq. ft. This expansion supports a new Battle Lab and laser manufacturing capacity to meet U.S. military program needs. The Battle Lab will feature multi-domain simulation, advanced sensor integration, real-time feedback, and a collaborative environment for military and industry partners. CEO Dr. Gregory Quarles emphasized that this development is important for accelerating the testing and demonstration of their ultrashort pulse laser technologies (USPL).