KULR Secures Third NASA Order For Automated Battery Cell Testing Services
Portfolio Pulse from Happy Mohamed
KULR Technology Group has secured a third purchase order from NASA for its advanced automated battery cell screening system. The order involves the assessment of 10,000 LG Chem Lithium-Ion INR18650 M36T cells. KULR plans to expand its technology to support 21700 cells by the end of the year. The global battery cell testing market is projected to grow at a CAGR of 4% from 2022 to 2030, reaching USD 7 billion.
August 31, 2023 | 12:02 pm
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KULR Technology Group's third order from NASA for its battery cell testing services indicates a strong partnership and potential for future growth. The company's plan to expand its technology could further strengthen its market position.
The third order from NASA signifies a strong and ongoing partnership, which could lead to more orders in the future. The expansion of KULR's technology to support 21700 cells could open up new opportunities and markets, potentially boosting the company's revenues and stock price.
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