July 30, 2009 (FinancialWire) — Applied Energetics, Inc., (NASDAQ: AERG) (Current Market Cap: $36.35 Mil.) said it has received a $992,000 contract for the design, development and delivery of a laser system to the U.S. Navy.

The company said it will produce a demonstration system specifically designed to explore USP laser effects and determine requirements for deployment of USP lasers on U.S. Navy and U.S. Marine Corps aircraft. The system is scheduled to be delivered to Naval Surface Warfare Center, Crane, Indiana in twelve months.

According to Applied, the laser system will be developed and tested at the company’s facility in Tucson, Arizona under a subcontract for SAIC’s engineering services contract with NSWC Crane, and then delivered to the Navy.

Tucson, Arizona-based Applied Energetics specializes in development and manufacture of lasers, high voltage electronics, advanced optical systems, and integrated guided energy systems for defense, aerospace, industrial, and scientific customers worldwide.

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