KULR Technology Group Received Initial Award To Supply Safecases To eVTOL Company; Financial Terms Not Disclosed
Portfolio Pulse from Benzinga Newsdesk
KULR Technology Group has been awarded a contract to supply Safecases to an eVTOL company, focusing on thermal runaway characterization for eVTOL aircraft batteries. This collaboration is expected to lead to more product and design opportunities, aiming for recurring revenue and addressing battery safety and management challenges.
April 08, 2024 | 12:41 pm
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KULR Technology Group's new contract to supply Safecases to an eVTOL company marks a significant step in its focus on battery safety and management solutions, potentially leading to recurring revenue and expanded product opportunities.
The contract with an eVTOL company to supply Safecases represents a strategic move for KULR, focusing on a niche but rapidly growing sector. This partnership not only opens the door for immediate revenue from the supply of Safecases but also sets the stage for future collaborations and product developments optimized for recurring revenue. Given the critical nature of battery safety in eVTOL aircrafts, KULR's expertise and solutions in this area are likely to be in high demand, potentially boosting its stock price in the short term.
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