A Tucson company that developed a laser-guided energy device for the U.S. military more than a decade ago is starting up again under a new organizational structure. Details of the plan were announced on Wednesday.
Applied Energetics is a developer of lasers, high voltage electronics and integrated guided energy systems. Its primary customer has been the U.S. Department of Defense. It was originally known as Ionatron, with nearly $40 million in military contracts in Afghanistan. But the Marines canceled its last contract in 2011. In 2014, the company suspended its business activities and became a “shell company” under federal securities rules, where it stayed through 2017.
And now, the company has outlined a new set of steps to reorganize its patents, the majority of which are labeled as government sensitive. The company says it plans to seek additional research funding from defense contracts from the Navy or other branches.
