Applied Energetics Inc. (OTC:AERG) Stock In Focus After Latest News
One of the companies to have come into significant focus yesterday was Applied Energetics Inc. (OTC:AERG), a leading player in advancing USPL (ultrasound pulse laser technologies). The company announced yesterday that Michael J. Alber had been elected to join the Applied Energetics board of directors.
The move would go into effect on April 1, 2024. In the news release, the company announced that Alber would bring his vast experience, stretching over many decades in the fields of corporate leadership and defense technologies, to the table. Additionally, he also boasted a successful track record of having led diverse and innovative teams all over the world, Applied Energetics noted.
The President and Chief Executive Officer of the company, Dr. Gregory Quarles, spoke about the appointment as well. He called the addition an exceptional one since Alber would bring deep expertise about the domain and perspectives about customers. Quarles also noted that Alber also held considerable experience in the finances and accounting related to public companies.
The experience of Alber in the defense industry would also be an asset to the Applied Energetics board of directors in terms of its long-term strategy. It was also noted that he would join a highly capable board of directors dedicated to the long-term success of the company’s business, customers, and shareholders.
The Chairman of the Applied Energetics Board, Brad Adamczyk, spoke about the new appointment as well and praised the experience and expertise that Alber would bring to the board. The press release also stated that Alber’s experience spanned a period of more than 35 years in the fields of risk allocation, capital markets, treasury, and mergers and acquisitions.
He had been the Chief Financial Officer of the special-purpose acquisition company First Light Acquisition Group most recently. It could be a good idea to keep an eye on applied energies today.
