Applied Energetics Names Eric Lau Chief Operating Officer
TUCSON, Ariz. — December 8, 2010-- Applied Energetics, Inc., (NASDAQ: AERG), today announced that Eric Lau has been appointed chief operating officer and vice president of Engineering by the company's Board of Directors. Mr. Lau served most recently as Director of Engineering and Operations for Applied Energetics. Joseph Hayden, President of Applied Energetics, also served as chief operating officer of Applied Energetics until Mr. Lau's appointment. Mr. Hayden will remain as Applied Energetics principal executive officer.
Mr. Lau joined Applied Energetics in December 2002 and has over 25 years experience managing projects and organizations in low to high volume production environments for military, commercial, and industrial manufacturing customers. Mr. Lau's previous responsibilities include management of products from concept through production release and manufacturing for products that served the automotive, aerospace, military and industrial markets.
Announcing the appointment, Applied Energetics President Joe Hayden said, "We are pleased to be promoting a highly-experienced industry manager such as Eric to oversee the operations of the company. Eric has been an integral part of the company's growth over the past eight years, serving as a Program Manager for key Government contracts, supporting our customers and overseeing technology development. His experience, dedication and proven track record in managing successful manufacturing teams make him uniquely qualified for the job. This appointment will allow me to focus on Applied Energetics long-term strategic growth, especially with respect to increased interaction with our customers and partners."
Prior to joining Applied Energetics Mr. Lau was the vice president of Operations for Mission Viejo S.A. de C.V. from 1998 through 2002 where he was responsible for the oversight of day to day operations, production control, procurement, operations and engineering support, negotiating production levels and pricing, and providing engineering expertise to aid the factory in achieving targeted efficiency levels. From 1994 to 1998, Mr. Lau was the New Product Development Team Leader for P.L. Porter Company in Woodland Hills, CA. From 1991 to 1994, Mr. Lau was a Senior Project Engineer at Robertshaw Controls, Co. in Long Beach, CA. From 1986 to 1991, Mr. Lau was a Project and Design Engineer at ITT General Controls in Santa Clarita, CA. Mr. Lau is a graduate of the University of Southern California where he received a Bachelor's Degree in Mechanical Engineering.
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
"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," "will,". "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.