Applied Energetics reports developments in ultrashort pulse laser and directed-energy technologies for defense and commercial applications. The company specializes in optical fiber-based USP/USPL systems designed to deliver high-intensity pulses of light with lower size, weight, and power requirements than traditional continuous-wave laser architectures.
Recurring company updates cover advanced laser research contracts, subsystem testing in operationally relevant environments, participation in defense acquisition programs, and applications for countering drones, ISR sensors, hypersonic weapons, and other complex threats. News also includes public-company governance, finance leadership, investor-conference participation, and commercialization-related milestones for its photonics technology portfolio.
Applied Energetics (OTCQB:AERG) has completed a private placement of 3 million shares, priced at $2.20 per share, raising $6.586 million. The proceeds will accelerate the development of ultrashort pulse laser technologies intended for national security applications. This move aims to address the growing threat from unmanned aerial systems (UAS) by providing directed energy solutions. The company plans to enhance personnel, inventory, and equipment with the new capital, as stated by CEO Dr. Gregory Quarles.
Applied Energetics, Inc. (OTCQB:AERG) announced the appointment of Kevin Gunde, PhD, to its Advisory Board on September 28, 2022. Dr. Gunde, currently an executive at Jacobs, brings extensive knowledge in defense and advanced technology. His role will involve guiding the company's strategic plan for innovation and customer success, particularly in defense applications. This appointment follows significant organizational changes and aims to enhance Applied Energetics' position within the defense sector, addressing mission-critical challenges for the U.S. Department of Defense.
Applied Energetics announces the appointment of Chris Donaghey as Chief Financial Officer and Chief Operating Officer, effective August 1, 2022. Donaghey will oversee financial strategy, reporting, and long-term planning. His experience includes a senior role at Science Applications International Corporation and a background in defense industry financial management. The leadership team emphasizes this change as pivotal for driving growth and performance, especially amidst recent contract successes.
Applied Energetics, Inc. (OTCQB:AERG) announced its acquisition of a $172,000 Phase I Small Business Technology Transfer (STTR) contract with the U.S. Army for developing an advanced directed energy system. This initiative focuses on delivering an ultra-broadband infrared laser for military applications, particularly for safe delivery to electro-optic sensors. Additionally, the company has secured a multi-year grant from the Department of the Navy. The STTR program requires collaboration with academic institutions, and Applied Energetics plans to partner with the University of Arizona's Wyant College of Optical Sciences.
Applied Energetics (OTCQB:AERG) has secured a $3.89 million grant over two years from the U.S. Navy's Office of Naval Research to develop an ultrashort pulse laser system. This technology aims to enhance the U.S. Marine Corps' capabilities against specified threats. The company plans to accelerate the development of infrared optical systems that can operate under harsh conditions, furthering its commitment to next-generation military technologies. This partnership emphasizes its leadership in directed energy solutions.
Applied Energetics, Inc. (AERG) appointed Mary P. O’Hara as General Counsel and Chief Legal Officer effective January 1, 2022. O’Hara has extensive legal experience and has previously served as outside counsel for the company. Furthermore, Christopher Donaghey has extended his advisory role, enhancing the company's strategic direction. With its headquarters now at UA Tech Park, Applied Energetics is focusing on the development of advanced laser technology and expanding its corporate infrastructure. The company aims for continued growth with new hires and enhanced capabilities in 2022.
Applied Energetics, Inc. (AERG) announced plans to relocate its headquarters to UA Tech Park in Tucson, AZ, within 60 days. The new facility, spanning 13,000 square feet, will include a Class 1000 Cleanroom and is designed to enhance research and product development capabilities. This strategic move leverages previous investments in the site, aiming to support the company's growth in ultra-short pulse laser technologies. CEO Gregory J. Quarles emphasized the move will enhance recruitment and align with the company's long-term growth profile in the defense industry.
Applied Energetics, Inc. (OTCQB:AERG) will present at the LD 500 investor conference on September 2nd at 12:20 PM PDT. The CEO, Gregory J. Quarles, will address the audience regarding the company's innovative ultra-short pulse lasers and directed energy solutions tailored for military and medical applications. The firm holds 26 U.S. patents and has engaged in collaboration with the U.S. Army on electronic denial systems. The LD 500 runs from September 1-4 online, providing exposure to unique companies in the capital markets.