SEC 8-K News

2024-07-08 08:39:06

Applied Energetics, Inc. has announced the expansion of its operations at the University of Arizona Tech Park by leasing over 5,000 additional square feet to establish a new Battle Lab and increase laser manufacturing capacity. This expansion is poised to support the company's existing and potential future U.S. military programs. The additional space, part of a high bay, light industrial facility, is designed for laser system testing, technology maturation, and customer demonstrations. The monthly base rent for this manufacturing space has been previously established, with rates gradually increasing from August 2023 to July 2028. Additionally, a tenant improvement allowance of up to approximately $129,000 is provided for the additional space. The company has also issued a press release with further details about the expansion.

List of proper names:

  • Applied Energetics, Inc.
  • University of Arizona Tech Park
  • Campus Research Corporation (Landlord)
  • Gregory J. Quarles (President and Chief Executive Officer)