Applied Energetics, Inc. announced that it has been selected to join the Defense Advanced Research Projects Agency's (DARPA) Bringing Classified Innovation to Defense and Government Systems (BRIDGES) Consortium. As a member of the consortium, Applied Energetics plans to develop and support innovations underway in the emerging and increasingly critical commercial "New Space" industry. DARPA selected Applied Energetics to be a member of the Consortium after reviewing the Company's proposal outlining its approach to collaborating with DARPA to develop new, pioneering methods and space-based technologies that may provide warfighters with disruptive Space Superiority options.

The BRIDGES Consortium is intended to mitigate the timelines that can potentially limit the ability of the Department of Defense (DoD) to rapidly procure and employ innovative technology to enable U.S. Space Superiority. The BRIDGES Consortium will sponsor Applied Energetics for a facility clearance and subsequently provide access to classified work areas and networks where the Company can perform classified work. Applied Energetics will also be invited to quarterly, in-person meetings to interact with government personnel at classified levels.