BLG has signed a non-binding MoU with US directed energy technology developer Applied Energetics.
News Release (issuerdirect.com)
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."
News Release (issuerdirect.com)
News Release
feeds.issuerdirect.com
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."
