Coherent Awarded $2.45M Contract To Execute Phase 3 Of IARPA Resilience Program for High-Energy Rechargeable Lithium-Sulfur Batteries
Portfolio Pulse from Benzinga Newsdesk
Coherent has been awarded a $2.45 million contract to execute Phase 3 of the IARPA Resilience Program, focusing on high-energy rechargeable lithium-sulfur batteries. This contract highlights Coherent's involvement in advanced battery technology development.
September 12, 2024 | 8:32 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Coherent has been awarded a $2.45 million contract for Phase 3 of the IARPA Resilience Program, focusing on high-energy rechargeable lithium-sulfur batteries. This contract could enhance Coherent's position in the advanced battery technology sector.
The $2.45 million contract award is a significant development for Coherent, as it positions the company in the advanced battery technology market. This could lead to increased revenue and market recognition, positively impacting the stock price in the short term.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 90