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Applied Energetics Inc (OTCMKTS:AERG) Stock In Focus After Latest News

Ian Leigh , , , ,

Applied Energetics Inc (OTCMKTS:AERG) is a company that is a leader in working on the advancement in the field of ultrashort pulse laser technologies. The company was in the news cycle on Monday after it announced that it had bagged a Phase II Small Business Technology Transfer (STTR) contract worth as much as $1.48 million from the United States army for continuing with its research, development and testing of the ultra-broadband infrared (IR) source which could have the capacity of disrupting optical infrared sensors at tactically relevant ranges in the engagement time window.

Trading Data

On Monday, AERG stock moved down 1.21% to $2.6500 with more than 195.09K shares, compared to its average volume of 84.88K shares. The stock moved within a range of $2.4100 – 2.6500 after opening trade at $2.4200.

Applied Energetics Awarded $1.148 Million Phase II Small Business Technology Transfer Contract by the U.S. Army for Ultra-Broadband IRCM Source Development

It was also noted that the Phase II award had been aimed at advancing the development and testing of an IR systemutilizing technologies that had been investigated under the provisions of the S Army Phase I STTR contract.

The contract had also been awarded after Applied Energetics had been successful in completing the Phase 1. In the Phase 1 contract the company had been successful in establishing a computational concept with simulation and physical modelling. STTR is a program that is funded federally to incorporate technological innovations which are developed by small businesses into government funded research and development initiatives.

Ian Leigh

Ian Leigh is a specialist in analyzing stocks, SEC and OTC filings, and financials of public and privately-held companies. He has played a significant role in M&A activity, consulting with publicly-held firms on acquisitions and divestitures. He also consults on valuations and branding. He lectures at major universities and teaches at specialty financial schools.