Applied Energetics Completes Acquisition Of Assets Of AOS
Applied Energetics has announced that the Company has completed the acquisition of certain assets of Applied Optical Sciences, an innovator in developing technologies and intellectual property related to the application of optical physics in a broad range of areas, including photonics and advanced Ultra-Short Pulse (“USP”) laser development.
Founded by Dr. Stephen McCahon in April 2010, AOS is a privately held corporation located in Tucson, Arizona. Dr. McCahon is also an original co-founder of Applied Energetics and will serve as its Chief Scientist and full-time consultant to Applied Energetics.
“We're excited about the assets we purchased from AOS, which will immediately broaden our product offerings and accelerate our innovation in the rapidly growing area of ultra-short pulse lasers,” said Gregory J. Quarles, Ph.D., president and chief executive officer of Applied Energetics. “This transaction also demonstrates our commitment to driving shareholder value by re-establishing our relationship with U.S. Department of Defense, as AOS was under separate co-development contracts with two defense contractors involving specific areas of directed energy and rapidly evolving advanced optical physics-based technologies. These contracts are transitioning to AE and we now have an integrated team working with the customers. Finally, the combination adds depth to our management and technical team which will be invaluable as we seek to win more opportunities with existing and new potential customers.”