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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 8-K
CURRENT
REPORT PURSUANT
TO SECTION
13 OR 15(D) OF THE
SECURITIES
EXCHANGE ACT OF 1934
Date of report (Date of earliest event
reported) July 3, 2024
APPLIED ENERGETICS,
INC.
(Exact Name of Registrant as Specified in Its Charter)
Delaware
(State or Other Jurisdiction of Incorporation)
| 001-14015 |
|
77-0262908 |
| (Commission File Number) |
|
(IRS Employer Identification No.) |
| 9070 S. Rita Road, Suite 1500, Tucson, Arizona |
|
85747 |
| (Address of Principal Executive Offices) |
|
(Zip Code) |
(520) 628-7415
(Registrant’s Telephone Number, Including
Area Code)
(Former Name or Former Address, if Changed Since
Last Report)
Check the appropriate box
below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following
provisions (see General Instruction A.2. below):
| ☐ | Written communications pursuant to Rule 425 under the Securities
Act (17 CFR 230.425) |
| ☐ | Soliciting material pursuant to Rule 14a-12 under the Exchange
Act (17 CFR 240.14a-12) |
| ☐ | Pre-commencement communications pursuant to Rule 14d-2(b) under
the Exchange Act (17 CFR 240.14d-2(b)) |
| ☐ | Pre-commencement communications pursuant to Rule 13e-4(c) under
the Exchange Act (17 CFR 240.13e-4(c)) |
Indicate by check mark whether the registrant is an emerging growth
company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange
Act of 1934 (§240.12b-2 of this chapter). Emerging growth company: ☐
If an emerging growth company, indicate by check mark if the registrant
has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant
to Section 13(a) of the Exchange Act. ☐
Securities registered pursuant to Section 12(b) of the Act:
| Title of each class |
|
Trading Symbol(s) |
|
Name of each exchange on which registered |
| Common Stock, par value $.001 per share |
|
AERG |
|
OTCQB |
Item 1.01 – Entry into a Material
Definitive Agreement
On July 3, 2024, Applied Energetics,
Inc. exercised its option to lease more than 5,000 square feet of additional space at the University of Arizona Tech Park to support the
company’s investment in a new Battle Lab and laser manufacturing capacity to ensure it has the critical infrastructure in place
to fulfill both current and possible future priority U.S. military programs. With this expansion, the Company will occupy approximately
26,000 sq. ft. of space at the Arizona Tech Park. The company took the option to lease this additional space under the June 7, 2023, amendment
(the “2023 Amendment”) to its Lease Agreement with Campus Research Corporation, as Landlord.
The new space is a high bay,
light industrial facility that is expected to host Applied Energetics’ Battle Lab to support laser system testing against relevant
targets and emerging threats. The Battle Lab is expected to enable technology maturation and be the venue for customer and partner demonstrations
under realistic and controlled conditions. The facility, as planned, will also provide the capability to manufacture, integrate, and test
advanced lasers as Applied Energetics makes its anticipated transition of its technology to the next stage of its lifecycle.
As previously reported, the
monthly base rent for the manufacturing space, is set as follows:
| Rent Year | |
Monthly
Base Rent | |
| August 1, 2023 - July 31, 2024 | |
$ | 4,843.50 | |
| August 1, 2024 - July 31, 2025 | |
$ | 5,247.13 | |
| August 1, 2025 - July 31, 2026 | |
$ | 5,650.75 | |
| August 1, 2026 - July 31, 2027 | |
$ | 6,054.38 | |
| August 1, 2027 - July 31, 2028 | |
$ | 6,458.00 | |
The 2023 Amendment also provides for a tenant improvement
allowance for the additional space of up to approximately $129,000 upon completion of work and compliance with the requirements for receipt
of any requested disbursements under the allowance.
On the date hereof, the company issued a press
release announcing the exercise of the option and containing additional details with respect thereto. A copy of the press release is
filed herewith as Exhibit 99.1.
Item 9.01 -- Exhibits
SIGNATURES
Pursuant to the requirements of the Securities
Exchange Act of 1934, the Registrant has duly caused this amended report to be signed on its behalf by the undersigned thereunto duly
authorized.
| |
APPLIED ENERGETICS, INC. |
| |
|
|
| |
By: |
/s/ Gregory J. Quarles |
| |
|
Gregory J. Quarles, President and |
| |
|
Chief Executive Officer |
Date: July 8, 2024
2
Exhibit 99.1
 |
Applied
Energetics, Inc. |
|
Applied Energetics Announces Expansion of its Facilities at University
of Arizona Tech Park to Support New Battle Lab and Laser Manufacturing
Tucson, Ariz., July
8, 2024 – Applied Energetics, Inc. (OTCQB: AERG), a leader in the advancement of
ultrashort pulse laser technologies (USPL), today announced that it has exercised its option
to lease more than 5,000 square feet of additional space at the University of Arizona Tech Park to support the Company’s investment
in a new Battle Lab and laser manufacturing capacity to ensure it has the critical infrastructure in place to fulfill both current and
possible future priority U.S. military programs. With this expansion, the Company will occupy approximately 26,000 sq. ft. of space at
the Arizona Tech Park.
The
new space is a high bay, light industrial facility that is expected to host Applied Energetics’ Battle Lab to support laser system
testing against relevant targets and emerging threats. The Lab is expected to enable technology maturation and be the venue for customer
and partner demonstrations under realistic and controlled conditions. The facility, as planned, will also provide the capability to manufacture,
integrate, and test advanced lasers as Applied Energetics makes its anticipated transition of its technology to the next stage of its
lifecycle.
Key
features of the Battle Lab are expected to include:
| ● | Multi-Domain
Simulation: Enabling the simulation of complex environments, providing comprehensive testing capabilities for integrated operations. |
| ● | Advanced
Sensor Integration: Cutting-edge sensor technology to monitor and analyze every aspect of the testing process, delivering precise data
to inform future innovations. |
| ● | Real-Time
Feedback: Offering real-time feedback and analysis, providing our engineers and developers with the right information to support technology
integration efforts. |
| ● | Collaborative
Environment: A design that fosters collaboration, and provides a venue to host military and industry partners, encouraging the exchange
of ideas and accelerating the development of our next-generation technologies. |
“The build-out and development of this new
extension is an essential step toward fulfilling our commitment to both current and potential future customers,” said Dr. Gregory
Quarles, CEO and President of Applied Energetics. “The new capabilities made possible by this investment will play a key role in
accelerating the continued testing and demonstration progress we have achieved with our best-in- class USPL technology. The new space
will also provide us with a purpose-built advanced manufacturing, assembly, and testing space as we move through the development process
to production.”
|
Applied
Energetics, Inc. |
|
Dr. Quarles added, “Arizona Tech Park has
been an ideal location for Applied Energetics. The ability to expand our capabilities as our needs have grown in an efficient and cost-effective
manner, within a thriving aerospace and defense community, along with the robust support from the Tech Park officials, and our partners
at the University of Arizona, has been instrumental in positioning us for this next phase of our growth.”
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.
Applied Energetics, Inc. Investor information
contact:
Kevin McGrath, Managing Director
Cameron Associates, Inc.
kevin@cameronassoc.com
T: 646-418-7002
SOURCE: Applied Energetics, Inc.
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Applied Energetics (PK) (USOTC:AERGP)
過去 株価チャート
から 6 2024 まで 7 2024
Applied Energetics (PK) (USOTC:AERGP)
過去 株価チャート
から 7 2023 まで 7 2024
