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Technology Stocks : Applied Energetics, Inc. -- Ignore unavailable to you. Want to Upgrade?

To: Zoro99 who wrote (454)	8/3/2009 11:03:11 AM
From: Zoro99	Read Replies (1) \| Respond to of 512

Applied Energetics Reaches Settlement in Securities Class Action and Derivative Lawsuits TUCSON, Ariz., Aug 03, 2009 /PRNewswire-FirstCall via COMTEX/ -- Applied Energetics, Inc., (Nasdaq: AERG), today announced that it has reached an agreement with the lead plaintiffs to settle the consolidated class action lawsuits originally filed in July 2006 in the United States District Court for the District of Arizona against Applied Energetics and its founders, and also reached an agreement to settle the derivative action against certain current and former officers and directors originally filed in September 2006 in the Superior Court of the State of Arizona in and for the County of Pima. Under the terms of the proposed settlement of the class action lawsuits, those lawsuits will be dismissed with prejudice, and Applied Energetics and all other defendants will receive a full and complete release of all claims asserted against them in the litigation, in exchange for the payment of an aggregate of $5.3 million in cash and the issuance of previously unissued shares of common stock by Applied Energetics valued at $1.2 million, provided that the number of shares of common stock to be issued will not exceed 4 million shares. There is no admission of liability by any of the defendants. Under the terms of the proposed settlement the derivative action, the lawsuit will be dismissed with prejudice, and all defendants will receive a full and complete release of all claims asserted against them in the litigation, in exchange for Applied Energetics' maintenance of certain corporate governance measures and the payment of an aggregate of $225,000 of attorneys' fees. There is no admission of liability by any of the defendants. Insurance proceeds of $6.2 million, less amounts previously reimbursed to Applied Energetics to pay expenses of the litigations (approximately $700,000 to date), will be used to fund the settlement payments and related costs. Any remaining cash payments and the stock issuance will be made by Applied Energetics. The settlements are subject to Court approval. Motions for preliminary approval of the settlements, directing notice of the settlements and setting a date for a settlement fairness hearing are currently being filed. As stated in the settlement documents, Applied Energetics denies any liability in connection with the litigation and denies the claims asserted by the plaintiffs in the complaints. However, Applied Energetics believes these settlements are in the best interest of Applied Energetics and its stockholders, as it eliminates the uncertainties, distractions, burden and further expense associated with the litigations. About Applied Energetics, Inc. Applied Energetics, Inc., based in Tucson Ariz., specializes in development and manufacture of 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(R)) 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. Such factors include, but are not limited to: the Company's expectation that these settlements will be executed by the parties and approved by the Court; the dependence on sales of a limited number of products and the uncertainty of the timing and magnitude of government funding and orders, dependence on sales to government customers; the uncertainty of patent protection; the uncertainty of strategic alliances; the uncertainty of management tenure; the impact of third-party suppliers' manufacturing constraints or difficulties; management's ability to achieve business performance objectives, market acceptance of, and demand for, the Company's products, and resulting revenues; development and testing of technology and products; manufacturing capabilities; impact of competitive products and pricing; litigation and other risks detailed in the Company's filings with the Securities and Exchange Commission. The words "looking forward," "believe," "demonstrate," "intend," "expect," "contemplate," "estimate," "anticipate," "likely" and similar expressions identify forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date the statement was made. Applied Energetics undertakes no obligation to update any forward-looking statements contained in this news release. SOURCE Applied Energetics, Inc. URL: appliedenergetics.com www.prnewswire.com Copyright (C) 2009 PR Newswire.

To: Zoro99 who wrote (454)	8/6/2009 1:09:26 PM
From: Zoro99	1 Recommendation Read Replies (1) \| Respond to of 512

/CORRECTION -- Applied Energetics, Inc./ TUCSON, Ariz., July 29, 2009 /PRNewswire-FirstCall via COMTEX/ -- In the news release, Applied Energetics Receives Contract for Delivery of Laser to U.S. Navy, issued 29-Jul-2009 by Applied Energetics, Inc. over PR Newswire, we are advised by the company that the first paragraph, first sentence, should read "Applied Energetics, Inc., (Nasdaq: AERG), today announced it has received a $992,000, contract for the design, development and delivery of an Ultra-Short Pulse (USP) laser system to the U.S. Navy as a result of an award issued through the Office of Secretary of Defense Quick Reaction Fund Program." The complete, corrected release follows: Applied Energetics Receives Contract for Delivery of Laser to U.S. Navy Applied Energetics, Inc., (Nasdaq: AERG), today announced it has received a $992,000, contract for the design, development and delivery of an Ultra-Short Pulse (USP) laser system to the U.S. Navy as a result of an award issued through the Office of Secretary of Defense Quick Reaction Fund Program. The Company will produce a demonstration system specifically designed to explore USP laser effects and determine requirements for deployment of USP lasers on U.S. Navy and U.S. Marine Corps aircraft. The system is expected to be delivered to Naval Surface Warfare Center, Crane, Indiana in twelve months. Joe Hayden, Chief Operating Officer of Applied Energetics, commenting on the contract award said, "Applied Energetics is pleased to continue our work with NSWC Crane on advancing military applications for USP lasers. We continuously search for opportunities to leverage the technologies developed for LGE as part of our core strategy and we believe this new program is evidence of the potential these lasers will have in military applications. We have been successful in doing this with our High Voltage technologies for counter-IED applications, and now we are beginning to see similar opportunities for laser technologies." The USP laser system will be developed and tested at Applied Energetics' facility in Tucson, AZ under a subcontract for SAIC's engineering services contract with NSWC Crane, and then delivered to the Navy. 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(TM) (LGE(TM)) technology, and related solutions for defense and security applications. For more information about Applied Energetics, please visit 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. Such factors include, but are not limited to: the dependence on sales of a limited number of products and the uncertainty of the timing and magnitude of government funding and orders, dependence on sales to government customers; the uncertainty of patent protection; the uncertainty of strategic alliances; the uncertainty of management tenure; the impact of third-party suppliers' manufacturing constraints or difficulties; management's ability to achieve business performance objectives, market acceptance of, and demand for, the Company's products, and resulting revenues; development and testing of technology and products; manufacturing capabilities; impact of competitive products and pricing; litigation and other risks detailed in the Company's filings with the Securities and Exchange Commission. The words "looking forward," "believe," "demonstrate," "intend," "expect," "contemplate," "estimate," "anticipate," "likely" and similar expressions identify forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date the statement was made. Advanced Energetics undertakes no obligation to update any forward-looking statements contained in this news release. SOURCE Applied Energetics, Inc. URL: appliedenergetics.com www.prnewswire.com Copyright (C) 2009 PR Newswire. All rights reserved

To: Zoro99 who wrote (454)	8/18/2009 1:57:42 PM
From: Zoro99	1 Recommendation Read Replies (1) \| Respond to of 512

Applied Energetics Receives $3.1 Million U.S. Army Contract For Laser Guided Energy TUCSON, Ariz., Aug 18, 2009 /PRNewswire-FirstCall via COMTEX/ -- Applied Energetics, Inc., (Nasdaq: AERG) today announced it has been awarded a $3.1 million Contract from the U.S. Army's Research, Development and Engineering Command (U.S. Army RDECOM - Picatinny, NJ) for the continued development and advancement of the company's Laser Guided Energy(TM) (LGE) technology. Regarding the contract, Mr. Joe Hayden, Chief Operating Officer of Applied Energetics commented, "We look forward to working with the Army on the continued development of our LGE technology to meet their mission requirements. This contract signifies the continued commitment of the Army to mature LGE and advance this technology to the field." Laser Guided Energy (LGE) is a transformational weapon technology by which a controllable high voltage electric charge can be precisely guided by a laser through the atmosphere to induce a range of effects against a variety of targets. LGE has been a core proprietary technology for Applied Energetics since the company was founded in 2002. The company has a significant number of patent filings relating to the technology and its applications, with nine patents awarded and twenty-nine patent applications in process. Mr. Ben Lagasca, Chief of the Advanced Energy Armaments Division at U.S. Army ARDEC, stated, "The U.S. Army has been involved with the development of LGE for the past 5 years. Now that the technology is approaching the level of maturity needed to begin weaponization we will be more closely coordinated with Applied Energetics through this contract to fulfill Army mission needs." The award is a cost plus fixed fee Ordnance Technology Initiative Agreement with a ceiling value of $13.4 million over a period of performance of three years. The initial funded contract value is $3.1 million over a period of one year. The development effort will be incrementally funded to support the advances in the systems and components that comprise a Laser Guided Energy system and will be the next step in advancement of these systems to meet U.S. Army future requirements. 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(TM) (LGE(TM)) 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. Such factors include, but are not limited to: the dependence on sales of a limited number of products and the uncertainty of the timing and magnitude of government funding and orders, dependence on sales to government customers; the uncertainty of patent protection; the uncertainty of strategic alliances; the uncertainty of management tenure; the impact of third-party suppliers' manufacturing constraints or difficulties; management's ability to achieve business performance objectives, market acceptance of, and demand for, the Company's products, and resulting revenues; development and testing of technology and products; manufacturing capabilities; impact of competitive products and pricing; litigation and other risks detailed in the Company's filings with the Securities and Exchange Commission. The words "looking forward," "believe," "demonstrate," "intend," "expect," "contemplate," "estimate," "anticipate," "likely" and similar expressions identify forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date the statement was made. Applied Energetics undertakes no obligation to update any forward-looking statements contained in this news release. SOURCE Applied Energetics, Inc. URL: appliedenergetics.com www.prnewswire.com Copyright (C) 2009 PR Newswire. All rights reserved