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Laser Energetics(TM) Hires Industry Veteran to Lead Dazer Laser(R) Business Unit

/ Source: GlobeNewswire

MERCERVILLE, N.J., Sept. 8, 2010 (GLOBE NEWSWIRE) -- Laser Energetics, Inc. (Pink Sheets:LNGT) today reported that it has appointed John J. Harvey, Jr. as Vice President of the Dazer Laser® Strategic Business Unit, reporting directly to Robert D. Battis, the Founder, President and CEO of the Company.

Mr. Harvey has spent the past eight years working in business development at General Dynamics Armament and Technical Products, where he was responsible for developing, executing and securing major crew served weapon system orders from the U.S. Armed Forces and international military customers for the company's Gun Systems Strategic Business Unit.

From 1982 to 2002, Harvey served on active duty as a combat arms officer in the United States Marine Corps. He joined General Dynamics Armament and Technical Products upon his retirement in April of 2002. He has deployed and trained extensively with allied and foreign militaries throughout South America, Africa and the Far East region.  He is a graduate of the Marine Corps Amphibious Warfare School, the Marine Corps Command and Staff College, the Joint Forces Staff College and the Defense Systems Management College, Program Manager's Course, Defense Acquisition University.

Robert Battis, CEO of the Company, stated, "John Harvey initially consulted with the company prior to being named Vice President, and he now holds the primary responsibilities for the overall Dazer Laser® corporate organization and management.  His responsibilities will include the development, execution, performance and customer satisfaction of the Company's Dazer Laser® business programs. Harvey will build upon the current military, law enforcement and international prospect and customer base by broadening and strengthening key marketing and sales relationships, leading to requirements focused results and increased global market share. I'm confident John will provide the leadership necessary to ensure unparalleled growth for the Dazer Laser® business."

Mr. Harvey commented, "Laser Energetics, Inc. is poised for tremendous growth as the requirements of the less than lethal industry continue to dramatically increase within the military, homeland security, and law enforcement communities. The Company is committed to expanding the Dazer Laser® - Light Fighting Technologies product line, and providing the safest, most effective Optical Distracters, allowing us to be extremely competitive and profitable in the 'less than lethal' market space. It is both an honor and privilege to serve the Company in a leadership role."

General Dynamics Armament and Technical Products is producing the Dazer Laser® - Light Fighting Technologies under contract with Laser Energetics, at its Charlotte Operations manufacturing facility located in Charlotte, North Carolina. Mr. Harvey is working closely with his former colleagues at General Dynamics Armament and Technical Products to develop and coordinate a near-term marketing plan to introduce the Dazer Laser® - Light Fighting Technologies to the various joint non-lethal military organizations within the U.S. Department of Defense. Additionally, the Dazer Laser® - Light Fighting Technologies product line will be showcased and demonstrated at the General Dynamics Armament and Technical Products display booth during three premier military conferences, the Infantry Warfighters Conference, the Modern Day Marine Exposition and the Association of the U.S. Army Annual Conference and Symposium, throughout the months of September and October, 2010. 

About Laser Energetics: The Company has a primary focus on its Dazer Laser® – Light Fighting Technologies, the "Ultimate Non-Lethal – Less Violent®" Weapons Serving Humanity, its Alexandrite Laser technology and its applications associated with Remote Sensing, Pill Marking, and Photo Acoustic Imaging, as well as its Total Reflectance Transmitter (TRT) technology. Laser Energetics has and continues to develop a comprehensive and strategic laser product line that addresses laser applications in Industry, Science, Medicine, Homeland Security and the Military.

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.

CONTACT: Laser Energetics, Inc. Investor Relations Dan Schall (609) 610-4095