Applied Energetics Selected to Join DARPA’s BRIDGES Consortium for Space Superiority

PRESS RELEASE
Published May 22, 2024

TUCSON, AZ / ACCESSWIRE / May 22, 2024 / Applied Energetics, Inc. (OTCQB:AERG), a leader in the advancement of ultrashort pulse laser technologies (USPL), today announced that it has been selected to join the Defense Advanced Research Projects Agency's (DARPA) Bringing Classified Innovation to Defense and Government Systems (BRIDGES) Consortium. As a member of the consortium, Applied Energetics plans to develop and support innovations underway in the emerging and increasingly critical commercial "New Space" industry. DARPA selected Applied Energetics to be a member of the Consortium after reviewing the Company's proposal outlining its approach to collaborating with DARPA to develop new, pioneering methods and space-based technologies that may provide warfighters with disruptive Space Superiority options.

The BRIDGES Consortium is intended to mitigate the timelines that can potentially limit the ability of the Department of Defense (DoD) to rapidly procure and employ innovative technology to enable U.S. Space Superiority. The BRIDGES Consortium will sponsor Applied Energetics for a facility clearance and subsequently provide access to classified work areas and networks where the Company can perform classified work. Applied Energetics will also be invited to quarterly, in-person meetings to interact with government personnel at classified levels.

"We are excited to be selected by DARPA to help support the development of novel technologies for the Department of Defense," said Dr. Gregory Quarles, President, and CEO of Applied Energetics. "Being a member of the Consortium is recognition of the innovative technologies we have to offer and is expected to enhance our access to opportunities with new DoD customers."

For more information on the DARPA BRIDGES initiative visit https://www.darpa.mil/work-with-us/bringing-classified-innovation-to-defense-and-government-systems

About Applied Energetics, Inc.

Applied Energetics, Inc., a leader in Advanced Optical Technologies and Ultrashort Pulse Directed Energy Solutions, utilizes patented, dual-use laser and optical technologies to advance critical industries, including defense, national security, biomedical and manufacturing. Applied Energetics pioneered and holds all crucial intellectual property rights to the development and use of Laser Guided Energy technology and related solutions for defense, security, commercial, and medical applications.

Forward Looking Statements

Certain statements in this press release constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements include all statements that do not relate solely to the historical or current facts and can be identified by the use of forward-looking words such as "may," "believe," "will," "expect," "project," "anticipate," "estimates," "plans," "strategy," "target," "prospects," or "continue," and words of similar meaning. These forward-looking statements are based on the current plans and expectations of our management and are subject to a number of uncertainties and risks that could significantly affect our current plans and expectations, as well as future results of operations and financial condition and may cause our actual results, performances or achievements to be materially different from any future results, performances or achievements expressed or implied by such forward-looking statements. We do not assume any obligation to update these forward-looking statements to reflect actual results, changes in assumptions, or changes in other factors affecting such forward-looking statements.

Applied Energetics, Inc. Investor information contact:

Kevin McGrath, Managing Director
Cameron Associates, Inc.
kevin@cameronassoc.com
T: 646-418-7002

Investor Relations - Applied Energetics

SOURCE: Applied Energetics, Inc.



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