SOURCE: Laser Energetics, Inc.
MERCERVILLE, NJ--(Marketwire - Aug 13, 2012) - 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 .
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.