Laser Energetics Teams With CACI International to Provide Laser Optical Distracters to the U.S. Federal Government
August 13 2012 - 10:46AM
Marketwired
Laser Energetics, Inc. (PINKSHEETS: LNGT) today announced that it
has entered into a strategic teaming agreement with CACI
International Inc (NYSE: CACI) to provide the Dazer Laser® - Light
Fighting Technologies Product Line of laser optical distracters to
the US Department of Defense and other federal government
organizations. Optical distracters are innovative new tools that
temporarily impair the vision of adversaries, providing a force
multiplier for U.S. Military, Homeland Security, and Law
Enforcement personnel. Over the next decade, the market for such
non-lethal weapons is forecasted to grow significantly as
governments worldwide work to counter asymmetric warfare threats
and protect citizens with better technology.
The Dazer Laser® Product Line consists of hand-held and
weapons-mounted models that have advanced operational and safety
features which are unique in the industry. The products offer
desirable stand-off distances for operators when required, are
eye-safe for very close combat and crowd control scenarios, are
combat effective at extended long ranges, and have low weight and
effective power characteristics that meet and exceed current
mission capability requirements. The Dazer Laser® products are the
only Optical Distractors in the world that can be operated both
safely and effectively from 1-1000 meters and beyond (model
dependent). This makes it both safe to the threat and effective for
the Warfighter and Law Enforcement users because of Laser
Energetics' unique patent pending optical design that is
incorporated into all Dazer Lasers®.
CACI, Inc. will provide key logistics support for the products
including deployment planning, installation and training, warranty
management and sparing, field service representatives, and help
desk services. The company will leverage its significant experience
and deep understanding of US Military and Homeland Security
missions, along with Laser Energetics' cutting-edge technologies,
to offer customized solutions that enhance client missions and
technical capabilities.
"Teaming with CACI is strategic for our company to increase
sales and further penetrate the federal market space," stated
Robert D. Battis, Founder and Chief Executive Officer of Laser
Energetics. "We are excited to work with CACI, which has a
significant presence in various federal organizations and a solid
track record of innovative solutions delivery. We have met with
many of America's Warfighters and Laser Energetics has demonstrated
that we're the only company that can supply an Optical Distractor
that can be operated both 'Safely and Effectively' from 1-1000
meters away. Effectiveness will keep our Warfighters alive and that
is the goal of Laser Energetics."
John Mengucci, CACI Chief Operating Officer and President of
U.S. Operations, stated, "Our strategic teaming with Laser
Energetics enables us to leverage the lifecycle engineering and
logistics capabilities we have developed in our C4ISR market
segment to enter the market for non-lethal technologies. We believe
our companies can offer unique advantages for US troops as well as
other military communities, border security, and peace-keeping
operations. Our solutions can enhance protection for all services
and introduce new efficiencies to the mission."
According to CACI President and Chief Executive Officer Dan
Allen, "In the C4ISR arena, there is a growing demand from
combatant commanders, law enforcement officers, and governments
worldwide for non-lethal weapons capabilities. As a result, many
governments, led by the United States, are entering into non-lethal
weapons research, design, and procurement, covering the full
spectrum of public safety, law enforcement, crowd control, and
asymmetric warfare. CACI and Laser Energetics intend to be the
leading solution providers in this field."
About Laser Energetics: Laser Energetics
has and continues to develop a comprehensive and strategic product
line of Dazer Lasers® and laser products that address laser
applications in Industry, Science, Medicine, Homeland Security and
the Military. The Company has had a primary focus on its Dazer
Laser® - Light Fighting Technologies as well as its Alexandrite
laser technology. More information about the company is available
on the Internet at www.laserenergetics.com.
About CACI: CACI sustains an exceptional
record of success by providing information solutions and services
needed to prevail in the areas of defense, intelligence, homeland
security, and IT modernization and government transformation. We
deliver business system solutions; C2 solutions; cyberspace
solutions; enterprise IT solutions; geospatial solutions;
healthcare IT solutions; identity management solutions; integrated
security solutions; investigation and litigation support; ISR
solutions; knowledge management solutions; logistics and material
readiness; mobility solutions; and program management and SETA
support. CACI solutions help federal clients provide for national
security, improve communications and collaboration, secure
information systems and networks, enhance data collection and
analysis, and increase efficiency and mission effectiveness. A
member of the Fortune 1000 Largest Companies and the Russell 2000
index, CACI provides dynamic careers for approximately 14,700
employees working in over 120 offices in the U.S. and Europe. Visit
CACI on the web at www.caci.com and www.asymmetricthreat.net.
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 Michael Little
(609) 610-4095 ir@laserenergetics.com
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