MERCERVILLE, N.J., Oct. 17 /PRNewswire-FirstCall/ -- Laser Energetics, Inc. (Pink Sheets: LNGT) announced today that the Company has delivered one of its BrightStar solid-state Alexandrite lasers, for a non-lethal laser defense application, to a Fortune 50 defense contractor..
The BrightStar(TM) laser is part of the Company's current product line of conductively air cooled lasers. This BrightStar(TM) laser was purchased for experiments that are classified, and which can potentially lead to a major program involving several thousand Alexandrite lasers.
The value of the transaction was approximately $79,000.
Laser Energetics' laser technology can be designed to operate off batteries, making these conductively cooled lasers man-portable on the battlefield. Other competing types of high energy lasers need water or other sophisticated methods of cooling which hinder their ability to become man-portable. This current technology is covered by patents owned by the Company.
Robert D. Battis, Chairman and Chief Executive Officer of Laser Energetics, stated, "Our BrightStar(TM) Alexandrite laser technology has gained a lot of attention from the defense industry. We're currently working with several large contractors to identify new and additional applications for the technology. We hope to be in a position to make several announcements regarding these developments in the near future."
About Laser Energetics, Inc.:
LEI has and continues to develop a comprehensive and strategic laser
product line that addresses applications in Industry, Science, Medicine and
the Military. The Company has had a primary focus on its Alexandrite laser
technology. These tunable solid state lasers are unique in that they can be
conductively air cooled to compete favorably against water cooled lasers in
many applications. In addition, these lasers have one of the greatest
wavelength tuning ranges with a bandwidth of over 250nm. The company is
pursuing markets
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