Applied Energetics Receives Contract From Air Force Research Laboratory
TUCSON, Ariz., May 18, 2011 /PRNewswire/ -- Applied Energetics, Inc., (NASDAQ: AERG) today announced it has been awarded a $746 thousand Small Business Innovation Research (SBIR) Phase II contract from the Air Force Research Laboratory. The Phase I project was completed in December of 2010. The Company demonstrated in Phase I that its proprietary "Nested High Voltage" insulation geometry successfully reduces the volume required to insulate high voltages while being compatible and convenient for the production of militarized systems where space, volume, and reliability are critical factors. In Phase II Applied Energetics will produce for the Air Force a smaller volume, high voltage pulse generator to power a High Power Microwave system.
Joseph Hayden, President of Applied Energetics, commented, "This award further demonstrates our ability to broaden the number of applications our proprietary technologies can address. We also believe this effort will further enhance our high voltage product line and strengthen our technological advantage."
The program is a Cost Plus Fixed Fee (CPFF) contract issued by the Air Force Research Laboratory (AFRL), Kirtland AFB, Albuquerque, NM. The contract period of performance is 2 years.
About Applied Energetics, Inc.Applied Energetics, Inc., based in Tucson, Arizona, specializes in development and manufacture of advanced high performance lasers, high voltage electronics, advanced optical systems, and integrated guided energy systems for defense, aerospace, industrial, and scientific customers worldwide. Applied Energetics pioneered the development of Laser Guided Energy (LGE) technology, and related solutions for defense and security applications. For more information about Applied Energetics, please visit www.appliedenergetics.com. "Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: Certain statements contained in this News Release constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve a number of known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements.
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV