Applied Energetics Announces Michael J. Alber as New Independent Board Member

Defense Industry Veteran with Significant Experience in Operational Excellence and Driving Financial Performance Joins Board

TUSCON, AZ / ACCESSWIRE / March 27, 2024 / Applied Energetics, Inc. (OTCQB:AERG), a leader in the advancement of ultrashort pulse laser technologies (USPL), today announced that Michael J. Alber (Mike) has been elected to join the Board of Directors ("Board"), effective April 1, 2024. Alber will bring decades of experience in corporate leadership and defense technologies and services, and a long track record of leading innovative and diverse teams around the world.

Foto: Accesswire

Michael J. Alber Named to Applied Energetics Board of Directors

"Mike is an exceptional addition to the Applied Energetics Board, bringing deep domain expertise and customer perspectives, along with financial and public company accounting experience. In addition, his experience in the defense industry and in public company leadership roles will be an asset to the Board in its oversight of the Company's long-term growth strategy," said Dr. Gregory Quarles, CEO and President of Applied Energetics. "He joins a strong and collaborative board dedicated to the success of the company's customers, business, employees, and stockholders."

"We're pleased to add Mike as a new independent director to the Applied Energetics Board," said Brad Adamczyk, Chairman of the Company's Board of Directors. "As a highly respected business leader, he brings valuable experience to further enhance and balance the diverse skills on the Board and advance and support our corporate initiatives. We look forward to benefiting from his strategic thinking and innovation mindset as Applied Energetics continues its strategy of bringing groundbreaking technology to our customers, and in turn, driving value to our shareholders."

"Applied Energetics has the potential to be an industry innovator, disruptor and leader, with numerous compelling opportunities in front of it" said Alber. "I am excited to join the board and play a part in Applied Energetics success and look forward to collaborating with my fellow board members and the management team."

About Michael J. Alber

Michael J. Alber has an extensive career spanning over 35 years in corporate finance, capital markets, treasury, risk allocation and mergers and acquisition experience. Most recently he was the Chief Financial Officer for First Light Acquisition Group, a special purpose acquisition company. He previously served on the SSA (Special Security Agreement) of AceInfo Tech (subsidiary of Dovel Technologies) and advisory board of Sincerus Global Solutions. Prior to 2020 he was the Chief Financial Officer and Executive Vice President of KeyW Corporation from June 2016, until its sale to Jacobs Solutions, Inc. in 2019. During this period, he led several capital market transactions along with two strategically important M&A transactions, one that resulted in a record setting sale multiple and change in control.