Applied Energetics To Open Washington DC Area Office
TUCSON, Ariz., Sept. 23, 2010 — Applied Energetics, Inc., (NASDAQ:AERG) will open a Business Development office in the Washington, DC area on October, 4 2010. The company has hired Mr. Alan Womble as Vice President of Business Development to lead this effort.
Joe Hayden, President and Chief Operating Officer of Applied Energetics commented, "Opening an office in the Washington, DC area will allow us to better serve our existing customers in the U.S. Government and military. It will also allow us to have a more concentrated and continual focus on growing our business in this area. We are very excited to have Al Womble join us to lead this effort. His extensive experience in business development and government procurement will significantly strengthen our capabilities and ability to gain new customers. As a career military officer he understands the needs of our military customers exceptionally well. We are confident that his contributions will have a significant positive impact as we seek to grow our business."
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.