Oct. 13, 2011
/PRNewswire/ -- Applied Energetics, Inc. (NASDAQ: AERG), and Laser Light Technologies, Inc., today announced that they have entered into a Cooperative Work Agreement to jointly develop ultrashort pulse lasers and processes for the laser micromachining market.
Under terms of the agreement Applied Energetics (AE) will provide an ultrashort pulse (USP) laser to Laser Light Technologies (LLTI) for the purpose of developing processes and methods for conducting micromachining of a wide variety of materials. LLTI will provide AE expertise on micromachining of materials at AE's Laser Applications Center, and also provide feedback on the optimization of processes for use in the development of future USP laser systems. Additionally, LLTI will be able to sell AE's USP lasers to their customers on a commission basis.
, President of Applied Energetics, commented, "We are very excited about this partnership with LLTI as it will greatly expand our knowledge about what is required within the micromachining industry, and essentially doubles the capability of our Laser Applications Center. LLTI is a well respected provider of laser machining services for a broad array of industries. They were the first customer to visit our Applications Center and their enthusiasm for the capabilities our lasers bring to their business is very encouraging as we expand into the commercial laser market."
, President of Laser Light Technologies, commented, "Our team looks forward to receiving AE's USP laser and the new capabilities it will bring to our company. The results we have seen with the initial samples processed at the AE Application Center are very exciting. We believe that this will allow us to expand our business into areas we previously were unable to compete in, and benefit from the growing market for 'cold machining' offered by USP lasers."
, Founder of Laser Light Technologies, also commented, "We have been impressed by the people at AE and their enthusiasm and responsiveness to our needs. We believe that this partnership will benefit both companies, and that LLTI will now have the opportunity to sell lasers to customers when they decide to bring their micromachining production in-house."
Ultrashort pulse lasers are one of the fastest growing segments of the laser industry. Applied Energetics' USP lasers have higher pulse energy, shorter pulse widths and higher average power than other USP lasers available in the commercial market, offering industrial users the flexibility to process a wide variety of materials at high throughput. Examples of materials already processed at AE's Laser Applications Center include stainless steel, quartz, glass, graphite, copper and polymer materials.