KULR and Cirba Solutions Collaborate Over Recycling Program for Lithium-Ion Battery and Battery Materials Packaging
Portfolio Pulse from Anusuya Lahiri
KULR Technology Group, Inc (NYSE:KULR) has announced a collaboration with Cirba Solutions, a battery materials and management processor. The partnership aims to develop a safe transportation platform for lithium-ion batteries using KULR's SafeCASE and Cirba Solutions' logistics and recycling services. The collaboration is an exclusive nationwide program for consumer lithium-ion batteries focused on sustainability and compliant recycling in the U.S. KULR shares closed higher by 13.3% at $0.92 on Monday.
July 18, 2023 | 12:31 pm
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KULR Technology Group's collaboration with Cirba Solutions to develop a safe transportation platform for lithium-ion batteries could potentially boost the company's market position and revenue. The news of the partnership led to a 13.3% increase in KULR's stock price.
The partnership with Cirba Solutions could potentially open up new revenue streams for KULR Technology Group, as it involves the development of a safe transportation platform for lithium-ion batteries. This could enhance KULR's market position and increase demand for its products. The news of the partnership has already had a positive impact on KULR's stock price, which increased by 13.3%.
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