Applied Energetics, Inc. (AERG) names Warren Spector VP of Finance

Applied Energetics, Inc. (OTCQB: AERG), a leader in ultrashort pulse directed energy and laser systems, today announced that Warren Spector has been appointed Vice President, Finance. The appointment of Spector follows the Company's recent additions to its board of directors, head of engineering, and a number of new finance and technical team members.

Spector brings extensive public and private company CFO experience and more than 30 years of comprehensive financial leadership to the role, having guided organizations through dynamic environments including acquisitions, emerging market positioning, restructuring, and capital raising. Most recently, Spector served as CFO for Crossroads Live Group, one of the world's leading producers of live large-scale theatrical entertainment. In this role, he was instrumental in building and strengthening the company's global financial capabilities, improving processes and operations, while leading the implementation of the company's financial planning system to support anticipated growth and scale.

"Warren is a trusted and accomplished finance leader with deep experience as chief financial officer across a number of diverse public and private businesses. His reputation for driving sustainable revenue and profit growth by leading from the front and building strong teams, makes him a perfect addition to Applied Energetics' senior leadership team," said Chris Donaghey, CEO of Applied Energetics. "His expertise will serve the Company and its shareholders well as we continue the transformative work we are doing to drive growth and value creation."

Commenting on his appointment, Spector said, "I look forward to joining Applied Energetics and working closely with the strong talent across the organization particularly within the finance team, to continue the Company's growth and success into the future."

Prior to joining Crossroads Live Group, Spector served as Chief Financial Officer of Raycom Media, one of the nation's largest privately-owned local media companies which was sold to Gray Television for $3.65 billion in 2018. From 2006 to 2013, Spector was Senior Vice-President, Chief Financial Officer of Barrington Broadcasting Group, a private equity owned provider of broadcast television services in 15 markets in 10 states. In 2013, Barrington was sold to Sinclair Broadcast Group. Prior to joining Barrington, Spector was Executive Vice President and Chief Operating Officer of Fisher Communications, Inc., an integrated media company, where he led an executive team comprised of 3 operating subsidiaries and generating over $300 million in revenue. Spector began his career with Price Waterhouse and is a certified public accountant in the State of California (non-active). Spector is a member of the board of directors for a Disney Family Foundation, Brovo Spirits and Crossroads Live Group.

Spector earned his B.A. in Economics and a M.B.A. from the University of California at Los Angeles.

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