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Stock impact report

Applied Energetics Awarded Multi-Phase Program Contract by Top 10 Global Defense Contractor for Fiber Laser System

APPLIED ENERGETICS INC (AERG) 
US:NASDAQ Investor Relations: aergs.com
Company Research Source: GlobeNewswire
TUCSON, AZ, July 15, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE – Applied Energetics, Inc. (OTCQB: AERG), today announced that the Company has been awarded a multi-phase program contract by a top 10 global defense contractor spanning feasibility analysis, proof of principle, initial system design, and lab-based test and evaluation of a frequency agile fiber laser system, utilizing various nonlinear processes to demonstrate laser output across multiple bands in the spectrum. This system could also be coupled to currently deployed technologies to assist in a number of critical U.S. Department of Defense (“DoD”) mission areas and shows promise for multiple advanced commercial applications. At the request of the customer, further details about this contract are considered confidential. “We are extraordinarily proud to have the opportunity to further develop next-generation laser technologies for potential DoD applications. This award is an exciting opportunity for us to capitalize on th Show less Read more
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