#Drones and the Demand for Better, Safer #Batteries (NYSE: $KULR) (NYSE: $AMPX) (NASDAQ: $PLUG) (ASX: $LIS) @KULRTech @AmpriusInc @LiS_Energy @PlugPowerInc

 #Drones and the Demand for Better, Safer #Batteries (NYSE: $KULR) (NYSE: $AMPX) (NASDAQ: $PLUG) (ASX: $LIS)  @KULRTech @AmpriusInc @LiS_Energy @PlugPowerInc

 

The Sky is the Limit

 

Vancouver, Kelowna, Delta, BC – August 14, 2023  - Investorideas.com, a leading investor news resource covering defense, drones and battery stocks releases a special news report on the demand for better batteries within the drone industry, featuring KULR Technology Group, Inc. (NYSE:KULR), a leading energy management platform company that recently partnered with a world leading provider of Drone-Powered Package Delivery Services to develop high-capacity lithium battery packs.

 

Read this article featuring KULR in full at https://www.investorideas.com/news/2023/renewable-energy/08141Drone-for-Better-Safer-Batteries.asp

 

According to the latest study on "Global Drone Battery Market Growth Report, the market was valued at US$ 994.97 million in 2022 and is expected to reach US$ 2.450 billion by 2028;  anticipated to register a CAGR of 16.2% from 2022 to 2028.

 

Well positioned for this market, KULR Technology Group, Inc. (NYSE: KULR), a global leader in sustainable energy management, just announced it has signed an agreement to partner with a world leading provider of drone-powered package delivery services. Pursuant to the agreement, KULR will leverage its KULR ONE Design Solutions (“K1-DS”) platform and proprietary technology for the development of high-capacity lithium battery packs for use in last-mile delivery, which is the most expensive and time-consuming part of the shipping process. The KULR K1-DS is globally recognized for the safety and efficiency it brings to batteries and battery-powered products and equipment. It is used by some of the world’s most demanding aerospace and defense customers.

 

From the news: The global drone delivery services market is currently estimated at $2.1 billion and is expected to grow over 400% to $9.2 billion by 2027.

 

Continued: Although drones offer immense potential, their widespread adoption is hindered by safety risks associated with batteries and various technological challenges, particularly related to energy density and weight. The Company will support the customer in addressing these concerns with its cutting-edge K1-DS battery pack design and testing platform, which integrates inherently safe and lightweight battery designs featuring advanced chemistry and thermal management technology. This approach empowers drone makers to achieve extended flight ranges and longer flight durations on a single charge.

 

Continued: “Our state-of-the-art KULR ONE Design Solutions platform has enabled leading aerospace, electronics, and energy storage manufacturers to develop lighter, safer, and more thermally efficient products,” stated KULR CEO Michael Mo. “We are excited to collaborate with global e-commerce companies to increasingly disrupt the last-mile delivery market by incorporating our solutions for development of high-energy battery packs into smaller and lighter power sources for drone delivery applications.”

 

Making headlines in the drone market in late July, Amprius Technologies, Inc. (NYSE: AMPX), a leader in next-generation lithium-ion batteries with its Silicon Anode Platform, announced that its high-density batteries played a significant role in powering BAE Systems' first successful stratospheric flight trial. PHASA-35, the High-Altitude Pseudo Satellite (HAPS) Uncrewed Aerial System (UAS) designed by BAE Systems’ subsidiary Prismatic Ltd., is planned to operate above the weather and conventional air traffic.

 

From the news: During a recent test flight, the PHASA-35 crossed an altitude of more than 66,000 feet, reaching the stratosphere, before landing successfully. The trial, completed last month in New Mexico, allowed engineers to assess the experimental solar-electric drone within the edges of the planet’s atmosphere.

 

"Amprius is proud to be recognized as a key partner to BAE Systems supporting their development of the PHASA-35®," said Dr. Kang Sun, Chief Executive Offer of Amprius. "This ultralight platform provides an alternative and flexible approach to traditional systems such as satellites or conventionally powered aircraft. As we develop our next-generation of industry-leading silicon anode batteries, we look forward to helping BAE Systems and Prismatic further enhance the capabilities of their PHASA-35 aircraft."

 

Australian battery technology company Li-S Energy (ASX:LIS) announced earlier this year, the development of its first 20-layer battery cells utilising third-generation (GEN3) semi-solid state lithium sulfur battery technology.

 

From the news: Li-S Energy Chief Executive Officer Dr Lee Finniear is pleased to announce the development of the company's first 20-layer battery cells utilising third-generation (GEN3) semi-solid state lithium sulfur battery technology. Key benefits Li-S Energy’s GEN3 lithium sulfur battery cell include: a 45% improvement in volumetric energy density, reaching 540Wh/l, higher gravimetric energy density of over 400Wh/kg and enhanced safety with the use of a low flammability electrolyte.

 

From the news: Compared to current lithium-ion (Li-ion) cells, this performance is nearly double the gravimetric energy density and a comparable volumetric energy density. In practical terms, this means Li-S Energy’s battery cells are now the same size as existing Li-ion batteries — but half the weight.

 

From the news: The GEN3 cells take advantage of the company’s patented Boron Nitride Nanotubes (BNNTs) and Li-nanomesh within the cell construction to reduce dendrite growth and to further improve safety and cycle life.

 

From the news: Based on enquiries to date, the company anticipates GEN3 cells will be of significant commercial interest to high-value partners in sectors such as drones and eAviation — in which the company has already established collaboration partners.

 

Betting on hydrogen as an alternative, HevenDrones, a leading drone manufacturer, presented its hydrogen-powered UAS, the H2D55, at the Modern Day Marine Expo in Washington, DC, this past June. HevenDrones discussed the paradigm shift its hydrogen-powered UAV provides as well as additional model configurations in its hydrogen-powered product line.

 

From the news: Improvements in EVTOL technology are creating new defense and security use cases including logistics in contested environments (point-to-point delivery) and improved loitering capabilities for both attack and ISR missions.

 

From the news: Hydrogen-powered drones are uniquely positioned to significantly improve flight endurance as well as the logistical challenge associated with lithium batteries (supply, charge, and life cycle management) whilst also serving as the perfect use-case for USG hydrogen infrastructure investments in both a military and commercial context.

 

From the news: As part of the company's hydrogen innovation strategy, HevenDrones is working to develop a hydrogen ecosystem, with a focus on electrolysis, fixed and portable refueling hubs, advances in regulation and integration within the wider mobility sector as well as other key hydrogen infrastructural projects at a military, federal and commercial level. HevenDrones currently has a partnership with PlugPower (NASDAQ: PLUG), a major supplier of hydrogen fuel cells designed to replace electric batteries in vehicles.

 

According to Drone Battery Market Growth Report, the global drone battery market growth drivers include:

• Increasing adoption of drones for various commercial and military applications, such as aerial photography, inspection, surveying, and surveillance.
• Advancements in drone technology, leading to the development of drones with longer flight times and higher payload capacity, which require more powerful batteries.
• Growing demand for high-performance batteries with longer lifespan and faster charging capabilities to meet the evolving needs of drone users.

 

The demand and overall use for drones is growing rapidly with applications focusing on everything from package delivery to military and defense. According to Expertmarketresearch.com, the global drone package delivery market reached a value of around USD 975.8 million in 2021 and Amazon.com Inc., Airbus SE, Alphabet Inc., Flytrex Inc., United Parcel Service, Deutsche Post AG, Zipline International Inc., Wingcopter GmbH, SkyDrop, (formerly Flirtey) and Matternet, among others, are the key players in the growing global market for drone package delivery.

 

The need for better, safer batteries will grow in response to this demand and the sky is the limit for battery companies that provide advanced solutions to enable the drones to fly longer and farther then before.

 

For investors researching drone stocks visit our free stock directory at Investorideas.com

https://www.investorideas.com/Companies/HomelandDefense/Stock_List.asp#Drone 

 

About Investorideas.com - Big Investing Ideas

We publish breaking stock news, stock research, and guest posts and create original top rated investing podcasts, plus sector tag articles featuring up and coming companies and industry leaders.  Investor Idea’s original branded content includes the Crypto Corner Podcast , Play by Play Sports Podcast , Cannabis News and Stocks on the Move Podcast ,  Cleantech and Climate Change Podcast,  Exploring Mining Podcast , Betting on Gaming Stocks Podcast and the AI Eye Podcast.  We also create free investor stock directories for AI and tech, biotech, cannabis, cleantech, crypto, defense, gaming, health and wellness, mining, oil and gas, sports and water. 

 

Disclaimer/Disclosure: Our site does not make recommendations for purchases or sale of stocks, services or products.  This is not investment opinion: 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. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. Contact management and IR of each company directly regarding specific questions. Disclosure: this news article featuring KULR is a paid for news release on Investorideas.com - 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

Follow us on Twitter https://twitter.com/Investorideas

Follow us on Facebook https://www.facebook.com/Investorideas

Follow us on YouTube https://www.youtube.com/c/Investorideas

 

Contact Investorideas.com

800-665-0411

 

RenewableEnergyStocks.com: investing ideas in renewable energy stocks

Like Renewable Energy Stocks? View our Renewable Energy Stocks Directory

Get News Alerts on Renewable Energy Stocks

 

Get more Defense Stock Investor Ideas - news, articles, and stock directories

 

#Battery Innovators and the #Defense Industry: (NYSE: $KULR) (NASDAQ: $AREC) (NASDAQ: $GOEV) (NASDAQ: $LCID) @KULRTech @Amerresources @canoo @LucidMotors

 #Battery Innovators and the #Defense Industry: (NYSE: $KULR) (NASDAQ: $AREC) (NASDAQ: $GOEV) (NASDAQ: $LCID) @KULRTech  @Amerresources @canoo @LucidMotors

 

Vancouver, Kelowna, Delta, BC – June 13, 2023  - Investorideas.com, a leading investor news resource covering defense, energy and battery stocks releases a news report on the evolution of  safer and more efficient battery options featuring KULR Technology Group, Inc. (NYSE:KULR), a leading energy management platform company accelerating the global transition to a sustainable electrification economy.

 

Read this article, featuring KULR in full at: https://www.investorideas.com/news/2023/defense/06131Battery-Innovators.asp

 

According to a June 5^th post on the Department of Defense website, “Deputy Defense Secretary Kathleen H. Hicks has made clear a healthy battery supply chain is essential for military capabilities and national security — and when it comes to batteries, "America needs to lead the world." Batteries are a vital and dynamic sector at the center of national efforts to deliver effective battlefield operations, secure critical defense supply chains and ensure America's clean energy future. The Defense Department depends on batteries to communicate, operate autonomous vehicles, power directed energy weapons and electrify warfighting platforms.”

 

KULR Technology Group, Inc. (NYSE: KULR), with a long history in defense, issued a shareholder letter last week with Chief Executive Officer Michael Mo sharing key milestones and insight into the Company’s future in the battery market.

 

Excerpts: “It is a privilege to write to you as the CEO of KULR Technology Group .Over the last two years, we have worked very hard to transform KULR from a niche component supplier to NASA and the Department of Defense, to a company with multiple energy management platforms powering the electrification economy.”

 

“In 2Q 2023, we signed contracts with customers representing more revenue than we have signed in any quarter since our founding. KULR has also laid the foundation, with new products, an expanding customer base, and growing customer demand for continued significant growth. Our demanding customers continue to validate the competitive advantages of our product suite.”

 

“At CES this past January, we launched our KULR ONE Platform, which includes the KULR ONE Design Solutions ("K1DS") platform and KULR ONE battery module. K1DS consists of both products and services. On the services side, we work with clients to design, test, prototype, and achieve necessary certifications in order to bring their products to market.”

 

“With respect to K1DS, our goal is to shorten the cycle time from initial design to readiness for manufacturing for production to under one year. As more customers come to us at the initial stages of their battery design/development cycle, we can reduce timelines by utilizing K1DS. We believe that we are achieving this with the US Army battery pack, having already started the design phase in April 2023, and being on schedule to achieve manufacturing readiness by April 2024.”

 

“We recently announced receiving a $1.13 million contract from the US Army to develop a safe, high-energy battery storage platform using next generation silicon anode lithium-ion cells. We also recently received an order from the US military to develop high-energy battery packs for uninterruptible power supplies to mobile command centers.”

 

From the May 4^th news: "We are proud to support military operational readiness with advanced next-generation energy storage platforms," said KULR CEO Michael Mo. “Our breakthrough KULR ONE Design Solutions has enabled leading aerospace, electronics, and energy storage manufactures to develop lighter, safer, and more thermally efficient products. Now, by developing next generation high-energy silicon anode battery packs into smaller and lighter power sources for deployed applications, we can implement measures that enhance the capabilities and resilience of soldiers in the field. We are very excited to help solve the difficult problems facing operational preparedness for the U.S. Armed Forces and its allies.”

 

Shareholder letter continued: “Another question, I am asked often is around the size of the market and KULR’s potential within it. McKinsey estimates the global lithium battery market to be approximately $400 billion by 2030. KULR operates within the approximately $200 billion portion of the market that includes battery cells, battery packs, and recycling. Some estimates have the battery recycling market alone to reach approximately $23 billion by 2030. “

 

American Resources Corporation's (NASDAQ:AREC) subsidiary, ReElement Technologies LLC ("ReElement Technologies"), a leading provider of high performance refining capacity of battery and rare earth elements, recently announced that it has signed a partnership with American Lithium Energy Corporation to enhance the current supply chain for lithium-ion batteries to the energy storage industry by supplying battery-grade materials, investing in and co-locating advanced refining capacity with ALE's battery manufacturing. Through this agreement, ReElement Technologies will supply the high-purity lithium and other refined battery minerals to be used in creating ALE's state-of-the-art batteries that are used in a variety of applications and industries including medical, aerospace, defense, and electric vehicles.

 

From the news: American Lithium Energy ships the world's highest energy density silicon-based lithium-ion batteries with industry best safety and zero-volt stability. ALE's patented technologies eliminate the need for trade-offs between energy density, lifecycle, and safety, and ALE's products are able to deliver all three benefits. ALE's patented lithium battery safety technologies generate extremely high-power, high-energy-density lithium cells. ALE's customers include: Department of Defense, Department of Energy, and several US defense primes for over several years.

 

In February, The Defense Innovation Unit awarded Canoo (NASDAQ: GOEV), a high-tech advanced mobility company, a contract to supply battery modules for analysis and demonstration. This award supports the U.S. Department of Defense focus to incorporate scalable and adaptable capabilities in tactical environments.

 

From the news: “We are proud to be selected by the DoD and to contribute to our country's global defense technology leadership.”

 

From the news: "We are very proud to be selected by the Department of Defense and to contribute to our country's global defense technology leadership. This award is another example of our focus and commitment to innovation. We've worked hard and continue to develop our patented technologies and ability to deliver flexible, on demand energy solutions that are multi-purpose capable, to serve America's interests and its allies around the world," said Tony Aquila, Chairman & CEO at Canoo.  

 

From the news: Canoo's proprietary battery system is modular to support different vehicle configurations and engineered to provide industry leading energy density. The system is designed to be flexible and compatible with cells from leading battery providers and engineered to evolve with changes in cell size and chemistry as the industry matures, scales and reduces costs.

According to Torquenews, “ Lucid  (NASDAQ:LCID) will develop battery modules for the Department of Defense to test towards the electrification of military platforms along with Canoo, GM Defense and two other companies that are yet to be named.

 

Continued: The contracts charge Lucid and Canoo with developing batteries that can be standardized across a range of military applications. In return, the companies will receive research funding and the revenue that comes with having one of the world's largest militaries as a customer.

 

Continued: Lucid's Role The contracts aim to reduce or eliminate barriers standing between the commercial sector and the military. Lucid is tasked with developing a version of its high-voltage battery systems specifically for EV tactical military vehicles

 

The opportunity is laid out in a June 5^th post on the Department of Defense website. “Budget and strategy are also aligned in this critical mission. The President's recently released FY 2024 defense budget request makes critical investments into revitalizing the defense industrial base, driving innovation, and building enduring advantages. The budget request invests approximately $6 billion in fostering industrial base resilience, including long-term investments in five defense-critical sectors in alignment with E.O.14017, including $125 million in battery and energy storage.”

 

About Investorideas.com - Big Investing Ideas

We publish breaking stock news, stock research, and guest posts and create original top rated investing podcasts, plus sector tag articles featuring up and coming companies and industry leaders.  Investor Idea’s original branded content includes the Crypto Corner Podcast , Play by Play Sports Podcast , Cannabis News and Stocks on the Move Podcast ,  Cleantech and Climate Change Podcast,  Exploring Mining Podcast , Betting on Gaming Stocks Podcast and the AI Eye Podcast.  We also create free investor stock directories for AI and tech, biotech, cannabis, cleantech, crypto, defense, gaming, health and wellness, mining, oil and gas, sports and water. 

 

Disclaimer/Disclosure: Our site does not make recommendations for purchases or sale of stocks, services or products.  This is not investment opinion: 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. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. Contact management and IR of each company directly regarding specific questions. Disclosure: this news article featuring KULR is a paid for news release on Investorideas.com - 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

Follow us on Twitter https://twitter.com/Investorideas

Follow us on Facebook https://www.facebook.com/Investorideas

Follow us on YouTube https://www.youtube.com/c/Investorideas

 

Contact Investorideas.com

800-665-0411

 

 

 

RenewableEnergyStocks.com: investing ideas in renewable energy stocks

Like Renewable Energy Stocks? View our Renewable Energy Stocks Directory

Get News Alerts on Renewable Energy Stocks

 

 

Get more Defense Stock Investor Ideas - news, articles, and stock directories

 

 

 

 

The #Defense Industry’s Role in the #Battery #Market and the Innovators to Watch (NYSE: $KULR) (NASDAQ:$AREC) (NASDAQ: $GOEV) (NASDAQ: $LCID) @KULRTech @Amerresources @canoo @LucidMotors

 

The #Defense Industry’s Role in the #Battery #Market and the Innovators to Watch (NYSE: $KULR) (NASDAQ:$AREC) (NASDAQ: $GOEV) (NASDAQ: $LCID) @KULRTech  @Amerresources @canoo @LucidMotors

 

Vancouver, Kelowna, Delta, BC – June 12, 2023  - Investorideas.com, a leading investor news resource covering defense, energy and battery stocks releases a news report on the evolution of  safer and more efficient battery options featuring KULR Technology Group, Inc. (NYSE:KULR), a leading energy management platform company accelerating the global transition to a sustainable electrification economy.

 

Read this article, featuring KULR in full at: https://www.investorideas.com/news/2023/defense/06121Battery-Market.asp

 

According to a June 5^th post on the Department of Defense website, “Deputy Defense Secretary Kathleen H. Hicks has made clear a healthy battery supply chain is essential for military capabilities and national security — and when it comes to batteries, "America needs to lead the world." Batteries are a vital and dynamic sector at the center of national efforts to deliver effective battlefield operations, secure critical defense supply chains and ensure America's clean energy future. The Defense Department depends on batteries to communicate, operate autonomous vehicles, power directed energy weapons and electrify warfighting platforms.”

 

KULR Technology Group, Inc. (NYSE: KULR), with a long history in defense, issued a shareholder letter last week with Chief Executive Officer Michael Mo sharing key milestones and insight into the Company’s future in the battery market.

 

Excerpts: “It is a privilege to write to you as the CEO of KULR Technology Group .Over the last two years, we have worked very hard to transform KULR from a niche component supplier to NASA and the Department of Defense, to a company with multiple energy management platforms powering the electrification economy.”

 

“In 2Q 2023, we signed contracts with customers representing more revenue than we have signed in any quarter since our founding. KULR has also laid the foundation, with new products, an expanding customer base, and growing customer demand for continued significant growth.

Our demanding customers continue to validate the competitive advantages of our product suite.”

 

“At CES this past January, we launched our KULR ONE Platform, which includes the KULR ONE

Design Solutions ("K1DS") platform and KULR ONE battery module. K1DS consists of both products and services. On the services side, we work with clients to design, test, prototype, and achieve necessary certifications in order to bring their products to market.”

 

“With respect to K1DS, our goal is to shorten the cycle time from initial design to readiness for manufacturing for production to under one year. As more customers come to us at the initial stages of their battery design/development cycle, we can reduce timelines by utilizing K1DS.

We believe that we are achieving this with the US Army battery pack, having already started the design phase in April 2023, and being on schedule to achieve manufacturing readiness by April 2024.”

 

“We recently announced receiving a $1.13 million contract from the US Army to develop a safe, high-energy battery storage platform using next generation silicon anode lithium-ion cells. We also recently received an order from the US military to develop high-energy battery packs for uninterruptible power supplies to mobile command centers.”

 

From the May 4^th news: "We are proud to support military operational readiness with advanced next-generation energy storage platforms," said KULR CEO Michael Mo. “Our breakthrough KULR ONE Design Solutions has enabled leading aerospace, electronics, and energy storage manufactures to develop lighter, safer, and more thermally efficient products. Now, by developing next generation high-energy silicon anode battery packs into smaller and lighter power sources for deployed applications, we can implement measures that enhance the capabilities and resilience of soldiers in the field. We are very excited to help solve the difficult problems facing operational preparedness for the U.S. Armed Forces and its allies.”

 

Shareholder letter continued: “Another question, I am asked often is around the size of the market and KULR’s potential within it. McKinsey estimates the global lithium battery market to be approximately $400 billion by 2030. KULR operates within the approximately $200 billion portion of the market that includes battery cells, battery packs, and recycling. Some estimates have the battery recycling market alone to reach approximately $23 billion by 2030. “

 

American Resources Corporation's (NASDAQ:AREC) subsidiary, ReElement Technologies LLC ("ReElement Technologies"), a leading provider of high performance refining capacity of battery and rare earth elements, recently announced that it has signed a partnership with American Lithium Energy Corporation to enhance the current supply chain for lithium-ion batteries to the energy storage industry by supplying battery-grade materials, investing in and co-locating advanced refining capacity with ALE's battery manufacturing. Through this agreement, ReElement Technologies will supply the high-purity lithium and other refined battery minerals to be used in creating ALE's state-of-the-art batteries that are used in a variety of applications and industries including medical, aerospace, defense, and electric vehicles.

 

From the news: American Lithium Energy ships the world's highest energy density silicon-based lithium-ion batteries with industry best safety and zero-volt stability. ALE's patented technologies eliminate the need for trade-offs between energy density, lifecycle, and safety, and ALE's products are able to deliver all three benefits. ALE's patented lithium battery safety technologies generate extremely high-power, high-energy-density lithium cells. ALE's customers include: Department of Defense, Department of Energy, and several US defense primes for over several years.

 

In February, The Defense Innovation Unit awarded Canoo (NASDAQ: GOEV), a high-tech advanced mobility company, a contract to supply battery modules for analysis and demonstration. This award supports the U.S. Department of Defense focus to incorporate scalable and adaptable capabilities in tactical environments.

 

From the news: “We are proud to be selected by the DoD and to contribute to our country's global defense technology leadership.”

 

From the news: "We are very proud to be selected by the Department of Defense and to contribute to our country's global defense technology leadership. This award is another example of our focus and commitment to innovation. We've worked hard and continue to develop our patented technologies and ability to deliver flexible, on demand energy solutions that are multi-purpose capable, to serve America's interests and its allies around the world," said Tony Aquila, Chairman & CEO at Canoo.  

 

From the news: Canoo's proprietary battery system is modular to support different vehicle configurations and engineered to provide industry leading energy density. The system is designed to be flexible and compatible with cells from leading battery providers and engineered to evolve with changes in cell size and chemistry as the industry matures, scales and reduces costs.

According to Torquenews, “ Lucid  (NASDAQ:LCID) will develop battery modules for the Department of Defense to test towards the electrification of military platforms along with Canoo, GM Defense and two other companies that are yet to be named.

 

Continued: The contracts charge Lucid and Canoo with developing batteries that can be standardized across a range of military applications. In return, the companies will receive research funding and the revenue that comes with having one of the world's largest militaries as a customer.

 

Continued: Lucid's Role The contracts aim to reduce or eliminate barriers standing between the commercial sector and the military. Lucid is tasked with developing a version of its high-voltage battery systems specifically for EV tactical military vehicles

 

The opportunity is laid out in a June 5^th post on the Department of Defense website. “Budget and strategy are also aligned in this critical mission. The President's recently released FY 2024 defense budget request makes critical investments into revitalizing the defense industrial base, driving innovation, and building enduring advantages. The budget request invests approximately $6 billion in fostering industrial base resilience, including long-term investments in five defense-critical sectors in alignment with E.O.14017, including $125 million in battery and energy storage.”

 

About Investorideas.com - Big Investing Ideas

We publish breaking stock news, stock research, and guest posts and create original top rated investing podcasts, plus sector tag articles featuring up and coming companies and industry leaders.  Investor Idea’s original branded content includes the Crypto Corner Podcast , Play by Play Sports Podcast , Cannabis News and Stocks on the Move Podcast ,  Cleantech and Climate Change Podcast,  Exploring Mining Podcast , Betting on Gaming Stocks Podcast and the AI Eye Podcast.  We also create free investor stock directories for AI and tech, biotech, cannabis, cleantech, crypto, defense, gaming, health and wellness, mining, oil and gas, sports and water. 

 

Disclaimer/Disclosure: Our site does not make recommendations for purchases or sale of stocks, services or products.  This is not investment opinion: 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. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. Contact management and IR of each company directly regarding specific questions. Disclosure: this news article featuring KULR is a paid for news release on Investorideas.com - 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

Follow us on Twitter https://twitter.com/Investorideas

Follow us on Facebook https://www.facebook.com/Investorideas

Follow us on YouTube https://www.youtube.com/c/Investorideas

 

Contact Investorideas.com

800-665-0411

 

 

RenewableEnergyStocks.com: investing ideas in renewable energy stocks

Like Renewable Energy Stocks? View our Renewable Energy Stocks Directory

Get News Alerts on Renewable Energy Stocks

 

Get more Defense Stock Investor Ideas - news, articles, and stock directories