Laser Energetics Successfully Competes for US Marine Corps' $49 Million Ocular Interruption (OI) Program
11 6월 2013 - 10:00PM
Marketwired
Laser Energetics, Inc. (PINKSHEETS: LNGT) today announced that they
have successfully completed their first full Contract Proposal in
response to the US Marine Corps' (MARCORSYSCOM) Ocular Interruption
(OI) Program. The OI Program, which Laser Energetics has been
competing for over the last three years through demonstrations,
conferences, invite-only events and testing, is a five-year IDIQ
contract with a $49 million value, which is 100% set-aside for
small business closing the door on any large businesses from
responding. The goal of this procurement is to phase out and
replace the currently fielded LA-9/P and Mini Green Laser systems.
Laser Energetics has submitted its proposal to MARCORSYSCOM with
its newly designed system called the Dazer Laser® GHOST (GHOST
stands for Global Hostility Ocular Suppression Technology) which
incorporates Automated Continuously Variable Divergence ™, or
A-CVD™. By incorporating the new A-CVD, in which LEI has applied
for a patent, the system can automatically adjust the system's
range of engagement and irradiance levels whereas to provide the
operator with the safest and most effective engagement at all
ranges without sacrificing the safety of the operator and/or the
intended targets.
Robert D. Battis, Founder, President & CEO of Laser
Energetics, Inc., stated, "We are very excited to have successfully
submitted our first official US Military Contract Proposal for our
Dazer Laser ® -- Light Fighting Technologies. We have previously
responded to Requests for Information and Broad Agency
Announcements with the US Navy, US Army, SOCOM and Joint Non-Lethal
Weapons Directorate, but this contract submission is a first and we
are very proud to be heavily engaged and competing for the US
Marine Corps. The introduction of A-CVD is a game-changer because
no longer does a system have to automatically shut off at a
pre-determined range or lower its power to operate safe only. Now
the Warfighter can have the most effective OI System in the world,
which makes them safer while they engage the threat. Being both
safe and effective at all required ranges is the only way our
Warfighters are the most effective Military on the planet; and
Laser Energetics is committed to that outcome."
In addition, our Dazer Laser® Team will be attending the 8th
Annual Night Vision Systems Event being held July 29-31 in
Washington DC. This event has a key focus on adapting the next
generation of night vision systems, for which we are actively
pursuing with our Dazer Laser® STEALTH system for the US Army.
Laser Energetics thanks its loyal shareholders for their continued
support, as after more than three years of competing for the
MARCORSYSCOM OI Program, we have finally been able to submit our
full contract proposal successfully for the five-year $49 million
IDIQ contract.
About Laser Energetics: The Company has a
primary focus on its Dazer Laser® -- Light Fighting Technologies,
its Alexandrite Laser technology and its applications associated
with Remote Sensing, Pill Marking, as well as its Total Reflectance
Transmitter (TRT) technology. Laser Energetics has and continues to
develop a comprehensive and strategic laser product line that
addresses laser applications in Industry, Science, Medicine,
Homeland Security and the Military. More information about the
company is available on the Internet at our website:
www.laserenergetics.com.
Safe Harbor: Statements regarding
financial matters in this press release other than historical facts
are "forward-looking statements" within the meaning of section 27A
of the Securities Act of 1933, Section 21E of the Securities
Exchange Act of 1934, and as that term is defined in the Private
Securities Litigation Reform Act of 1995. The company intends that
such statements about the Company's future expectations, including
future revenues and earnings, technology efficacy and all other
forward-looking statements be subject to the safe harbors created
thereby. The Company is a development stage company who continues
to be dependent upon outside capital to sustain its existence.
Since these statements (future operational results and sales)
involve risks and uncertainties and are subject to change at any
time, the Company's actual results may differ materially from
expected results.
For additional information, please contact: Mike Little
(609) 610-4095 ir@laserenergetics.com
Laser Energetics (CE) (USOTC:LNGT)
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Laser Energetics (CE) (USOTC:LNGT)
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