FinancialBuzz.com’s latest The Buzz Show: Featuring Our Corporate News Recap on “Applied Energetics, Inc. Awarded Multi-Year Grant with the Office of Naval Research”
Applied Energetics, Inc. (OTCQB:AERG) announced that it has been awarded a $3.89 million, two-year grant from the Department of the Navy, Office of Naval Research (ONR), to develop an optical system capable of defeating customer-specified threats for integration onto U.S. Marine Corps (USMC) platforms.
Applied Energetics, Inc., “AE” based in the University of Arizona’s Technology Park in southeast Tucson, Arizona, specializes in development and manufacture of advanced, high-performance lasers, innovative optical systems, and integrated guided-energy systems for defense, aerospace, industrial, and scientific customers worldwide. Applied Energetics pioneered and holds all crucial intellectual property rights to the development and use of Laser Guided Energy (LGETM) technology and related solutions for commercial, defense and security applications, and are protected by 26 patents and 11 additional Government Sensitive Patent Applications “GSPA”. The company’s 11 GSPA’s are held under US government secrecy orders and allow AE extended protection rights.
For more information, please visit: Applied Energetics, Inc.
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