Applied Energetics Announces Appointment of Senior Advisory Board
TUCSON, Ariz. — February 1, 2011-- Applied Energetics, Inc., (NASDAQ: AERG), today announced that it has appointed a Senior Advisory Board consisting of distinguished, former members of the U.S. Military and U.S. Government. The purpose of Applied Energetics’ Senior Advisory Board is to provide advice, recommendations, and guidance to the Management, Board of Directors, and the Board’s Strategic Planning Committee, related to corporate goals and strategy. Advice and recommendations will include strategic objectives and direction; market and defense trends; insights into changing defense priorities and requirements; Legislative or Executive Branch topics that may impact AE strategy; identification of key personnel or potential strategic partners; or other matters relevant to the development, growth, and profitability of Applied Energetics.
Brigadier General James Feigley (USMC Ret), Chairman of the Applied Energetics' Board of Directors, stated, "In accordance with the company's Strategic Plan, and as we work to expand our portfolio of products and technologies to all Services, Defense Agencies, and other Government organizations, the expansive experience and insight these gentlemen provide us is critical to achieving our objectives. We have assembled some of the finest leaders in Defense operational and acquisition matters that this country has produced, and we are very proud that they have agreed to help us grow and expand into new areas."
Joe Hayden, President, commented, "Now that we are producing more mature systems and products, such as our Banshee counter-IED system for the U.S. Marine Corps, it will be increasingly important for us to understand the priorities and trends that are emerging within our military and government customer base. We are honored that such a respected group of elite professionals has agreed to advise us, contribute their comprehensive expertise and experience, and devote their valuable time to assist us. We expect that their contributions will guide us in investing our resources in the areas that will best meet the needs of our customers today and in the future while growing shareholder value."
The members of the Applied Energetics Senior Advisory Board are:
The Honorable Jacques S. Gansler, Ph.D., a former Under Secretary of defense, is a Professor and Director of the Center for Public Policy and Private Enterprise at the University of Maryland's School of Public Policy. Before serving as the Under Secretary of Defense for Acquisition, Technology and Logistics, he was executive vice president of TASC Inc. He holds a bachelor's degree in electrical engineering from Yale University, a master's degree in electrical engineering from Northeastern University, a master's degree in political economy from New School for Social Research, and a Ph.D. in economics from American University.
General Gary E. Luck is a retired four-star U.S. Army general. A 1959 graduate of Kansas State University, Gen. Luck's last military assignment before retiring from active duty was Commander-in-Chief, United Nations Command/Combined Forces Command, Korea. He was also an advisor to Tommy Franks prior to the US led invasion of Iraq in 2003 and served as Commanding General of the XVIII Airborne Corps (1990-93) in the Gulf War under Norman Schwarzkopf, Jr. Before taking that command, he served as commander of the Joint Special Operations Command (JSOC) with the rank of Major General from 1989 to 1990.
Admiral Timothy J. Keating is a retired four-star U.S. Navy Admiral and was the Commander, U.S. Pacific Command prior to his retirement. Adm. Keating has commanded VFA-87, Carrier Group 5 and was Deputy Chief of Naval Operations for Plans, Policy, and Operations. He also served as commander of U.S. Naval Forces Central Command and U.S. 5th Fleet, was the Director, Joint Staff and was commander of North American Aerospace Defense Command and United States Northern Command. Admiral Keating graduated from the United States Naval Academy in 1971.
Lieutenant General Emil R. "Buck" Bedard retired with over 37 years of active duty service. His last active duty position was as Deputy Commandant for Plans, Policies, and Operations, Headquarters, U.S. Marine Corps. He commanded the 7th Marine Regiment, was the Assistant Division Commander for the 1st Marine Division, and served as J-3 Operations Officer, Joint Task Force, Somalia. He also was the Deputy Commander, Marine Forces Pacific, and commanded the 2d Marine Division, and the II Marine Expeditionary Force. General Bedard graduated from the University of North Dakota. In addition to holding a M.S. degree, General Bedard's formal military education includes the U.S. Army Advanced Infantry Course, Armed Forces Staff College, and Army War College.
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.