TUCSON,
Ariz., Dec. 15, 2011
/PRNewswire/ -- Applied Energetics, Inc., (NASDAQ: AERG), announced
today that it has notified The NASDAQ Stock Market LLC ("NASDAQ")
of its intent to delist its common stock from The NASDAQ Capital
Markets at the opening of business on December 21, 2011 and that a market maker for the
Company's stock has filed an application with the Financial
Industry Regulation Authority (FINRA) to list the Company's stock
on the OTC Bulletin Board (OTCBB) effective December 21, 2011. The Company's stock will also
be eligible for immediate trading on the OTCQB tier of OTC Markets
commencing on December 21, 2011. The
OTCQB is a market tier for OTC-traded companies that are registered
and reporting with the Securities and Exchange Commission. The
Company has also been advised that its shares will trade under the
symbol AERG. Investors will be able to view real-time stock quotes
for AERG at www.otcmarkets.com
On December
12, 2011, the Company received a notification from the
NASDAQ stating Applied Energetics has not regained compliance with
NASDAQ's Listing Rule 5500(a)(2), which requires that the bid price
of a common share listed on The NASDAQ Capital Market close at a
minimum of $1.00 per share within the
180 calendar day grace period ending December 9, 2011.
NASDAQ's notice indicated Applied Energetics common shares will be
de-listed at the opening of business on December 21, 2011.
About Applied Energetics,
Inc.
Applied Energetics develops and
manufactures ultrafast lasers, high voltage electron beam systems,
and other applied energy systems for commercial applications and
the U.S. Government. Through the establishment of our core
technologies for military applications, we have gained expertise
and proprietary knowledge in high performance lasers, high-voltage
electronics, advanced dynamic optics and atmospheric and plasma
interactions. Potential industrial applications include
micromachining for the medical, aerospace, electronic, and
automotive industries, materials processing applications such as
cross-linking of polymers, sterilization of medical equipment and
other uses requiring compact, high energy systems.
For more information about Applied Energetics, please visit
www.appliedenergetics.com.
SOURCE Applied Energetics, Inc.