Applied Energetics and Laser Light Technologies Announce Micromachining Partnership
Applied Energetics, Inc. (NASDAQ: AERG), and Laser Light Technologies, Inc., today announced that they have entered into a Cooperative Work Agreement to jointly develop ultrashort pulse lasers and processes for the laser micromachining market.
Under terms of the agreement Applied Energetics will provide an ultrashort pulse laser to Laser Light Technologies (LLTI) for the purpose of developing processes and methods for conducting micromachining of a wide variety of materials. LLTI will provide AE expertise on micromachining of materials at AE's Laser Applications Center, and also provide feedback on the optimization of processes for use in the development of future USP laser systems. Additionally, LLTI will be able to sell AE's USP lasers to their customers on a commission basis.
