KULR Technology Group Announces A Strategic Contract Exceeding $865,000 With Nanoracks For Advanced Space Battery Development
Portfolio Pulse from Benzinga Newsdesk
KULR Technology Group, Inc. (NYSE:KULR) has secured a contract over $865,000 with Nanoracks, part of Voyager Space, for the development of an advanced space battery. This contract highlights KULR's role in enhancing Voyager's CubeSat applications with its lithium-ion battery safety and thermal management technologies. The initial contract ends in April, with production to follow. KULR has already delivered the first prototype battery, marking a significant step in this partnership aimed at powering next-generation satellite applications.
March 14, 2024 | 12:35 pm
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KULR Technology Group, Inc. has announced a significant contract with Nanoracks for developing advanced space batteries, showcasing its leading role in lithium-ion battery safety and thermal management technologies.
The announcement of a substantial contract with Nanoracks not only validates KULR's technology and its application in space exploration but also sets the stage for future collaborations and potential growth in the aerospace sector. This development is likely to be viewed positively by investors, reflecting KULR's strong position in the market and its potential for future growth, thereby potentially leading to an increase in its stock price in the short term.
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