Tucson, AZ, May 16, 2018 (GLOBE NEWSWIRE) --
Applied Energetics, Inc. (OTCQB: AERG) today announced that Chief Executive Officer Thomas C. Dearmin has issued the following letter to shareholders.
We invite interested parties to visit us at www.aergs.com
Fellow Shareholders,
Ten days ago, in a letter to Applied Energetics (AE) shareholders, management set forth a number of short-term action plans that would be needed for the successful reconstitution of the company. Since that time, the company has been actively addressing many of these matters in order of importance.
In summary, AE’s executive team is committed to providing full transparency and updates with respect to important events of the company. Our immediate goal is to leverage the current strength of our patent portfolio and executive team’s experience to develop a product road map that enables Applied Energetics to engage with clients on existing and new technologies going forward.
Sincerely,
Thomas C. Dearmin
CEO of Applied Energetics, Inc.
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 and holds all intellectual property rights to the development and use of Laser Guided Energy ™ (LGE ™) technology, and related solutions for commercial, defense and security applications.
FORWARD LOOKING STATEMENTS
Certain statements in this press release constitute forward-looking statements within the meaning of the 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
FOR FURTHER INFORMATION CONTACT: Thomas C. Dearmin Chief Executive Officer 949-842-2844 or go to our website www.aergs.com