TUCSON, Ariz., Feb. 1, 2011 /PRNewswire/ -- Applied Energetics, Inc., (Nasdaq: AERG), today announced that it has appointed a Senior Advisory Board consisting of distinguished, former members of the U.S. Military and U.S. Government. The purpose of Applied Energetics' Senior Advisory Board is to provide advice, recommendations, and guidance to the Management, Board of Directors, and the Board's Strategic Planning Committee, related to corporate goals and strategy. Advice and recommendations will include strategic objectives and direction; market and defense trends; insights into changing defense priorities and requirements; Legislative or Executive Branch topics that may impact AE strategy; identification of key personnel or potential strategic partners; or other matters relevant to the development, growth, and profitability of Applied Energetics.
Brigadier General James Feigley (USMC Ret), Chairman of the Applied Energetics' Board of Directors, stated, "In accordance with the company's Strategic Plan, and as we work to expand our portfolio of products and technologies to all Services, Defense Agencies, and other Government organizations, the expansive experience and insight these gentlemen provide us is critical to achieving our objectives. We have assembled some of the finest leaders in Defense operational and acquisition matters that this country has produced, and we are very proud that they have agreed to help us grow and expand into new areas."
Joe Hayden, President, commented, "Now that we are producing more mature systems and products, such as our Banshee counter-IED system for the U.S. Marine Corps, it will be increasingly important for us to understand the priorities and trends that are emerging within our military and government customer base. We are honored that such a respected group of elite professionals has agreed to advise us, contribute their comprehensive expertise and experience, and devote their valuable time to assist us. We expect that their contributions will guide us in investing our resources in the areas that will best meet the needs of our customers today and in the future while growing shareholder value."
The members of the Applied Energetics Senior Advisory Board are: