Applied Energetics, Inc. announced that the Company's existing ultra short pulse laser program with the Office of Naval Research (ONR) has transitioned from a grant to a contract. The Company's previously awarded grant with ONR was for the development of an optical system capable of defeating customer-specified threats for integration onto U.S. Marine Corps (USMC) platforms. The original grant had a two-year period of performance. The new contract supersedes the May 2022 grant and carries a ceiling value of $1,217,535 under a base period of performance through November 11, 2024, and a twelve-month unfunded option period that ends November 11, 2025.

Applied Energetics was awarded this contract with ONR to enable the continued development and accelerate the testing of its optical technology with an ultrashort pulse laser (USPL). The overall objective will be to advance and ruggedize optical technologies that are compatible with USMC platforms and able to operate in expeditionary environments. Any opinions, findings, and conclusions or recommendations expressed in this press release are those of the Company and do not necessarily reflect the views of the Office of Naval Research.