other material
confidence high
sentiment positive
materiality 0.75
Applied Energetics awarded $1.99M, two-year contract from Navy ONR for ultra-short pulse optical system development.
APPLIED ENERGETICS, INC.
- $1.99 million contract from U.S. Navy Office of Naval Research (ONR) for a two-year development effort.
- Project to develop high-peak and high-average power ultra-short pulse (USP) optical system compatible with multiple Navy platforms.
- CEO Greg Quarles states the award continues collaboration with ONR and advances USP directed energy for national security.