Applied Energetics Signs MOU with Photonics Innovator BluGlass

Collaboration combines complementary high-performance solutions and expertise across a wide range of emerging technologies

• BluGlass and Applied Energetics intend to cooperate to develop innovative solutions critical to national security and commercial applications
• BluGlass will seek to leverage its unique GaN distributed feedback (DFB) lasers in Applied Energetics' advanced systems to collaborate on next-generation national security, aviation, and commercial applications

TUCSON, AZ and SYDNEY, AUSTRALIA / ACCESSWIRE / February 15, 2024 / Applied Energetics, Inc. (OTCQB:AERG), a leader in the advancement of ultrashort pulse laser technologies (USPL), and BluGlass Limited (ASX:BLG), a global supplier of gallium nitride (GaN) lasers to the national security, quantum and industrial industries, today announced they have signed a memorandum of understanding (MoU) to collaborate and explore joint business opportunities that advance Applied Energetics' laser and optical systems innovations and BluGlass's expertise in GaN-based laser diode technologies.

Any resultant new laser capabilities and optical systems will be based on existing and emerging technologies currently under development within the companies. Under the MoU, the companies intend to collaborate to develop innovative solutions in technology areas critical to emerging national security and commercial markets, including new laser wavelengths and higher performance, yielding more efficient and cost-effective products. The MOU sets out the framework for collaboration, however, it is not a definitive agreement with commercial terms and timelines.

"With the rapid growth of the laser market and the associated need for unique wavelengths and high-performance output, the development of next-generation lasers and optical systems must continue to advance and innovate," said Dr. Gregory Quarles, CEO and President of Applied Energetics. "We are pleased to be working with BluGlass and believe this collaboration will support our long-term strategic goals of optimizing architectures, increasing wavelength coverage, and improving product performance to provide customers with the most competitive and effective solutions."

Commenting on the MoU, BluGlass CEO, Jim Haden, said, "We are excited to be working with industry leader Applied Energetics. This collaboration will advance strategic capabilities and next-generation integrated photonics, addressing the evolving needs of the national security and commercial sectors. A pioneer in ultrashort pulse photonics, Applied Energetics has complementary laser technology and deepens our reach into the government, security, and intelligence sectors. Importantly, the MOU aligns with and strengthens our existing product roadmap and growth strategy."

About BluGlass

BluGlass Limited (ASX:BLG) is a leading supplier of GaN laser diode products to the global photonics industry, focused on the industrial, defense, bio-medical, and scientific markets. Listed on the ASX, BluGlass is one of just a handful of end-to-end GaN laser manufacturers globally. Its operations in Sydney, Nashua and Silicon Valley offer cutting-edge, custom laser diode development and manufacturing, from small-batch custom lasers to medium and high-volume off-the-shelf products.

Its proprietary low temperature, low hydrogen, remote plasma chemical vapour deposition (RPCVD) manufacturing technology and novel device architectures are internationally recognised, and provide the potential to create brighter, better performing lasers to power the devices of tomorrow.

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.

BluGlass Limited Investor information contact:

Stefanie Winwood +61 2 9334 2300
swinwood@bluglass.com

Applied Energetics, Inc. Investor information contact:

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

Media Contact:

Tori Odom
CyberRisk Alliance
tori.odom@cyberriskalliance.com
T: 443-752-5466

SOURCE: Applied Energetics, Inc.