Item 8.01. Other Events

The Company has received notice from the Army that it has been competitively selected for award of a Phase I Small Business Technology Transfer (STTR) contract. The award is for the development of Standoff Electronic Denial systems. The objective of this award is to develop a directed energy system capable of disrupting, disabling or destroying the electronics on a remote target within milliseconds of detection. The award is contingent upon successful negotiations with a U.S. Army Contracting Officer and the availability of funding.

STTR is a federally funded program to incorporate small business technological innovation into Government supported Research and Development programs. STTR's require the small business to formally collaborate with a university or non-profit and are structured in three phases.

A copy of the press release announcing the award is attached to this report as an exhibit and provides additional details and reactions from the Company's CEO, Gregory J. Quarles, and the Company's partner in the award, the Laser Plasma Laboratory at the University of Central Florida.

Item 9.01. Financial Statements and Exhibits





Exhibits

Exhibit 99.1     Press Release, issued December 26, 2019






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