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TUCSON - Applied Energetics, Inc. (OTCQB:AERG), whose stock has surged over 109% year-to-date according to InvestingPro data, demonstrated its early prototype Pulsed Laser Air Defense (PLAID) system by successfully neutralizing cameras on four separate drones in just four seconds during a test conducted on August 20.
The company, which specializes in ultrashort pulse directed energy and laser systems and currently maintains a market capitalization of $302 million, described the demonstration as the first multi-drone "camera kills" in its development program. Test imagery showed the disruption of live feeds and sensor defeat effects in real time.
"This demonstration highlights the disruptive potential of our ultrashort pulse laser systems for counter-UAS missions," said Chris Donaghey, President and CEO of Applied Energetics, in a press release statement.
The achievement follows the company’s July milestone of surpassing one billion watt peak power threshold with its ultrashort pulse laser system.
Applied Energetics claims its proprietary architecture enables significant size-weight-power reductions compared to traditional continuous wave laser technology. The company currently holds 26 patents with an additional six patents pending.
The ultrashort pulse optical technologies are being developed for potential defense applications including countering drones, ISR sensors, and hypersonic weapons, according to the company.
Applied Energetics is focused on refining beam control, gimbal performance, and shot-to-shot repeatability as it works toward developing fieldable capabilities for military use. While the company generated $1.79 million in revenue over the last twelve months, InvestingPro analysis reveals additional insights about the company’s valuation and growth prospects, with 12 more exclusive tips available to subscribers.
In other recent news, Applied Energetics, Inc. has appointed Warren Spector as Vice President of Finance. Spector, who brings over 30 years of financial leadership experience, previously served as CFO for Crossroads Live Group. Additionally, the company has expanded its Board of Directors to seven members by appointing Christopher Donaghey and Scott Andrews as new directors. Donaghey, who became CEO in November 2024, has over 20 years of strategic leadership experience in the aerospace, defense, and capital markets sectors. These appointments align with Applied Energetics’ strategy to enhance executive leadership and long-term governance. The recent changes reflect the company’s ongoing efforts to strengthen its leadership team.
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