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Earnings Whisper ®
4th Quarter May 2022
Revenue: $5.68 Mil
8:00 AM ET
Friday, May 13, 2022
Applied Blockchain Reports Fiscal Third Quarter 2022 Ended February 28, 2022 Financial Results and Provides an Operational Update
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Applied Science Products, Inc. develops technologies to improve the safety and efficiency of air travel through product development of technologies that monitor wake turbulence, reduce airport delays, and enhance aviation safety. These technologies include aircraft wake safety management (AWSM), sensor for optically characterizing ring-eddy atmospheric turbulence emanating sound (SOCRATES), Universal Collision Obviation and Reduced Near-miss (UNICORN), and Tactical Integrated Illumination Countermeasure Technology (TIICM). AWSM provides air traffic control with the ability to modify spacings between aircraft to increase safety and airport capacity. SOCRATES can detect clear air turbulence, micro-bursts and aircraft generated vortices. UNICORN is being designed based upon an arrangement of radar, which gives both visual and audible warning indication of approaching aircraft to pilots. TIICM is a possible solution to the threat of ground fired and hand held missile being fired on aircraft by terrorists.