Breaking Renewable Energy
and Defense Stock News: KULR (NYSE: $KULR) Lands Initial $400K NASA Contract
for Automated Battery Cell Testing, $2M in Total Orders Anticipated Over
Several Quarters; @KULRTech
SAN
DIEGO, CA - July 8, 2024 (Investorideas.com Newswire) KULR
Technology Group, Inc. (NYSE American: KULR) (the "Company" or "KULR"), a
global leader in sustainable energy management, today announced it has been
awarded a purchase order exceeding $400,000 from the National Aeronautics and
Space Administration ("NASA"), an independent agency of the U.S.
federal government, as part of a $2M multi-phase agreement for its advanced
automated battery cell screening system. The battery safety contract with NASA
is to test lithium-ion cells going into future battery packs designed for the Artemis Program, a series of United States-led
international human spaceflight programs. KULR will perform the tests on cells
in reserve for upcoming Artemis missions as well as other pivotal manned space
voyages. The cells used on the missions are required to meet certification to
NASA's strict specifications for manned flights, EP-WI-037.
With a leading position in safe
battery design and testing, and as a significant player in the global
electrification movement, KULR is among the few companies to meet the stringent
requirements and rigorous testing standards of NASA's JSC 20793 Revision D for crewed space
missions. This qualification enables KULR's products and solutions to be used
in the Artemis missions and other upcoming critical space voyages.
This news is paid
advertisement/ news disseminated on behalf of/issued on behalf of KULR
Technology Group, Inc.
Read
this news, featuring KULR in full at https://www.investorideas.com/news/2024/07081KULR-NASA-Contract-for-Automated-Battery-Cell-Testing.asp
According to Straits Research, the global battery cell
testing market is anticipated to grow at a CAGR of 4% between 2022-2030 and
reach USD 7 billion by 2030.
KULR specializes in evaluating
battery cells essential for manned space missions. To meet growing demand, the
Company plans to expand its technology to support 21700 cells by year's end,
enhancing safety and reliability for various mission-critical applications. The
design and development work for this project will be a collaborative effort
between KULR's state-of-the-art facilities located in Webster, Texas, and San
Diego, California, and is a vital cornerstone of expanding the KULR ONE Space
(K1S) portfolio into CubeSat and SmallSat markets, customized battery design
activities, and preparedness for low volume but high technical niche battery
production.
KULR's modular screening technology
offers scalability to meet market demands, reinforcing its strategic
partnership with NASA and its role in aerospace energy management and battery
safety. As the drive for electrification and sustainable energy grows, KULR is
well-positioned to leverage new opportunities and advance battery design and
safety measures in collaboration with industry partners.
About KULR Technology Group, Inc.
KULR Technology Group Inc. (NYSE American: KULR) is a leading energy management
platform company offering proven solutions that play a critical role in
accelerating the electrification of the circular economy. Leveraging a
foundation in developing, manufacturing, and licensing next-generation carbon
fiber thermal management technologies for batteries and electronic systems, KULR
has evolved its holistic suite of products and services to enable its customers
across disciplines to operate with efficiency and sustainability in mind. For
more information, please visit www.kulrtechnology.com.
Safe Harbor Statement
This press release does not constitute an offer to sell or a solicitation of
offers to buy any securities of any entity. This release contains certain
forward-looking statements based on our current expectations, forecasts and
assumptions that involve risks and uncertainties. Forward-looking statements in
this release are based on information available to us as of the date hereof.
Our actual results may differ materially from those stated or implied in such
forward-looking statements, due to risks and uncertainties associated with our
business, which include the risk factors disclosed in our Form 10-K filed with
the Securities and Exchange Commission on April 12, 2024, as may be amended or
supplemented by other reports we file with the Securities and Exchange
Commission from time to time. Forward-looking statements include statements
regarding our expectations, beliefs, intentions, or strategies regarding the
future and can be identified by forward-looking words such as
"anticipate," "believe," "could," "estimate,"
"expect," "intend," "may," "should,"
and "would" or similar words. All forecasts are provided by
management in this release are based on information available at this time and
management expects that internal projections and expectations may change over
time. In addition, the forecasts are entirely on management's best estimate of
our future financial performance given our current contracts, current backlog
of opportunities and conversations with new and existing customers about our
products and services. We assume no obligation to update the information
included in this press release, whether because of new information, future
events or otherwise.
Investor Relations:
KULR Technology Group, Inc.
Phone: 858-866-8478 x 847
Email: ir@kulrtechnology.com
KULR
Technology Group, Inc. (NYSE: KULR) is a featured renewable energy stock on
Investorideas.com
More info on KULR at
Investorideas.com Visit: https://www.investorideas.com/CO/KULR/
Disclaimer/Disclosure: Disclosure: (NYSE: KULR) is a paid featured
company on Investorideas.com effective July 2024 for 3 months.
lInvestorideas.com is a digital publisher of third party sourced news, articles
and equity research as well as creates original content, including video,
interviews and articles. Original content created by investorideas is protected
by copyright laws other than syndication rights. Our site does not make
recommendations for purchases or sale of stocks, services or products. Nothing
on our sites should be construed as an offer or solicitation to buy or sell
products or securities. All investing involves risk and possible losses.
Contact management and IR of each company directly regarding specific
questions. More disclosure info can be found here. More disclaimer info: https://www.investorideas.com/About/Disclaimer.asp Learn
more about publishing your news release and our other news services on the
Investorideas.com newswire https://www.investorideas.com/News-Upload/
Global investors must adhere to
regulations of each country. Please read Investorideas.com privacy
policy: https://www.investorideas.com/About/Private_Policy.asp
Get
more Renewable Energy Stock
news, articles,
podcasts and Stock Directories
