KULR Lands Initial $400K NASA Contract For Automated Battery Cell Testing, $2M In Total Orders Anticipated Over Several Quarters
Portfolio Pulse from Benzinga Newsdesk
KULR Technology Group, Inc. (NYSE:KULR) has secured a $400,000 contract from NASA for automated battery cell testing, with total orders expected to reach $2 million over several quarters. The contract is part of NASA's Artemis Program, which requires stringent certification for lithium-ion cells used in manned space missions.
July 08, 2024 | 12:06 pm
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KULR Technology Group has been awarded a $400,000 contract from NASA for automated battery cell testing, with total orders anticipated to reach $2 million. This contract is part of NASA's Artemis Program, which requires stringent certification for lithium-ion cells used in manned space missions.
The contract with NASA is a significant milestone for KULR, providing both immediate revenue and the potential for future orders. The association with NASA's Artemis Program enhances KULR's credibility and showcases its advanced technology in battery safety, likely leading to positive investor sentiment and a short-term boost in stock price.
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