Breaking Renewable Energy Stock News: KULR (NYSE: $KULR) Receives up to $1.5M Satellite Battery Systems Order from South Korea's Nara Space for Artemis II CubeSat Mission; @KULRTech

 Breaking Renewable Energy Stock News: KULR (NYSE: $KULR) Receives up to $1.5M Satellite Battery Systems Order from South Korea's Nara Space for Artemis II CubeSat Mission; @KULRTech

 

Houston. TX - September 10, 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 an initial contract valued close to $1M, with additional options bringing total contract value up to $1.5M, to supply 20793-rated battery systems to South Korea's Nara Space (NARA) for their CubeSat mission aboard Artemis II. This project is part of a larger collaboration involving the Korea Astronomy and Space Science Institute (KASI) and the National Aeronautics and Space Administration (NASA), where Nara Space is providing the CubeSat to KASI, as part of the Artemis program.

 

This award highlights KULR's growing influence in the aerospace sector and reinforces its position as a trusted partner in developing cutting-edge energy solutions for space applications. Recent analysis by Pro Market Reports projects the Space Battery Market to reach USD 25.14 billion by 2032.

 

KULR's successful delivery of a 20793-rated battery to NARA in record time marks a significant milestone in our battery design service initiatives. This achievement reflects the Company's strategic investment in offering a comprehensive suite of design services, including cell selection and screening, thermal modeling, passive propagation-resistant design, and multi-fault tolerant strategies tailored for space and defense applications. Leveraging the KULR ONE Space (K1S) architecture, we are able to facilitate an expedited four-month turnaround for NARA to receive a fully 20793-compliant system.

 

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/2024/09101KULR-Satellite-Battery-Systems-Order-for-Artemis-II-CubeSat-Mission.asp

 

We are excited to announce the availability of the K1S architecture to customers seeking to accelerate their path to 20793 certification. This customizable solution allows for faster time to market and enhanced cost efficiency. By offering a ready-made platform, KULR enables customers to reduce development time and achieve compliance with greater speed and effectiveness.

 

The awarded contract underscores KULR's continued commitment to developing advanced energy solutions for space and defense applications, which often require challenging combinations of safety and performance. Leveraging its existing research and development efforts for space-rated battery systems, KULR will deliver a scalable battery architecture specifically designed to meet the rigorous safety and performance standards required for human spaceflight (20793 compliance). The options included in the contract will be exercised pending further evaluation with NASA to determine the necessity of additional testing.

 

Dr. Will Walker, CTO of KULR Technology Group, stated, "Our turn-key design approach with KULR ONE Space (K1S) has been the focal point for our battery design teams for the last 12 months, and our resulting position to support NARA's timeline, which is driven by NASA, represents a major advancement in simplifying and reducing the cost of battery integration for future human-rated space missions. By delivering a fully compliant and scalable solution, we are helping to pave the way for more efficient and reliable space exploration."

 

Ted Krupp, VP of Sales and Marketing at KULR Technology Group, added, "NARA's decision to partner with KULR was driven by our ability to rapidly bring products to market and our strong relationships within NASA. These factors are critical in optimizing the certification process for both NARA and KASI, an affiliated research institute of the Korea AeroSpace Administration (KASA), ensuring that their CubeSat is ready for its role in the Artemis II mission. The NARA 20793-rated battery will be delivered in record time for this classification of energy storage system."

 

For more information about KULR Technology Group and its innovative solutions, please visit http://www.kulrtechnology.com.

 

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/

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August Wrap-up; New Stocks in biotech, transportation, tech, mining and defense; (Nasdaq: $QNTM) (Nasdaq: $ELEV) (NYSE American: $OSTX) (NYSE: $DAL) (Nasdaq: $SNCY) (NYSE: $LUMN) (TSXV: $FAS) (NYSE: $PRM)

  August Wrap-up; New Stocks in biotech, transportation, tech, mining and defense; (Nasdaq: $QNTM) (Nasdaq: $ELEV) (NYSE American: $OSTX) (NYSE: $DAL) (Nasdaq: $SNCY) (NYSE: $LUMN) (TSXV: $FAS) (NYSE: $PRM) 

 

 

 

 

August 30, 2024 – (Investorideas.com Newswire) Investorideas.com, a global news source and expert investing resource, announces today’s roundup of stocks to watch in the biotech, transportation, tech, mining and defense sectors.

 

The newest biotech companies treat neurodegenerative and metabolic disorders and cancers respectively.

 

The latest transportation companies are airlines, while the newest tech company provides telecom and related services.

 

The latest mining company mines for silver in Peru and the newest defense company provides Fire Safety and Specialty Products.

 

Read this in full at https://www.investorideas.com/news/2024/main/08301Stocks.asp

 

Investor Ideas is always researching and searching for new stocks to add to our growing list of free stock directories. The directories are not meant as recommendations but as a research tool to discover opportunities and trading ideas in a particular sector.

 

New Stocks Added to the Biotech Directories:

Quantum BioPharma Ltd (Nasdaq:QNTM; CSE:QNTM) - Formerly FSD Pharma Inc - is a biopharmaceutical company dedicated to building a portfolio of innovative assets and biotech solutions for the treatment of challenging neurodegenerative and metabolic disorders and alcohol misuse disorders with drug candidates in different stages of development. Through its wholly owned subsidiary, Lucid Psycheceuticals Inc. ("Lucid"), FSD is focused on the research and development of its lead compound, Lucid-MS (formerly Lucid-21-302) ("Lucid-MS"). Lucid-MS is a patented new chemical entity shown to prevent and reverse myelin degradation, the underlying mechanism of multiple sclerosis, in preclinical models. FSD Pharma invented unbuzzd™ and spun it out its OTC version to a company, Celly Nutrition, led by industry veterans. FSD retains ownership of 25.71% (March 31, 2024) of Celly Nutrition Corp. at www.cellynutrition.com. The agreement with Celly Nutrition also includes royalty payments of 7% of sales from unbuzzd ™ until payments to FSD Pharma total $250 million. Once $250 million is reached, the royalty drops to 3% in perpetuity. Additionally, FSD Pharma retains a large tax loss carry forward of approximately CAD$130 million and could be utilized in the future to offset tax payable obligations against future profits. FSD Pharma retains 100% of the rights to develop similar product or alternative formulations specifically for pharmaceutical / medical uses. FSD Pharma maintains a portfolio of strategic investments through its wholly owned subsidiary, FSD Strategic Investments Inc., which represent loans secured by residential or commercial property.

 

Elevation Oncology, Inc. (Nasdaq: ELEV) is an innovative oncology company focused on the discovery and development of selective cancer therapies to treat patients across a range of solid tumors with significant unmet medical needs. We are leveraging our antibody-drug conjugate (ADC) expertise to advance a novel pipeline, initially targeting two clinically validated targets in oncology, Claudin 18.2 and HER3. Our lead candidate, EO-3021, is a potential best-in-class ADC designed to target Claudin 18.2 and is currently being evaluated in a Phase 1 trial (NCT05980416) in patients with advanced, unresectable or metastatic solid tumors likely to express Claudin 18.2 including gastric, gastroesophageal junction, pancreatic or esophageal cancers. Additionally, we expect to nominate a development candidate for our second program, a HER3-targeting ADC for the treatment of patients with solid tumors that overexpress HER3, in 2024.

 

OS Therapies, Inc. (NYSE American:OSTX) is a clinical stage oncology company focused on the identification, development and commercialization of treatments for Osteosarcoma (OS) and other solid tumors. OST-HER2, the Company's lead asset, is an immunotherapy leveraging the immune-stimulatory effects of Listeria bacteria to initiate a strong immune response targeting the HER2 protein. The Company has completed enrollment for a 41-patient Phase 2b clinical trial of OST-HER2 in resected, recurrent osteosarcoma, with results expected in the fourth quarter of 2024. OST-HER2 has completed a Phase 1 clinical study primarily in breast cancer patients, in addition to showing strong preclinical efficacy data in various models of breast cancer. In addition, OS Therapies is advancing its next generation Antibody Drug Conjugate (ADC) platform, known as tunable ADC (tADC), which features tunable, tailored antibody-linker-payload candidates. This platform leverages the Company's proprietary silicone linker technology, enabling the delivery of multiple payloads per linker.

 

New Stocks Added to the Transportation Directories:

Delta Air Lines, Inc. (NYSE:DAL) Headquartered in Atlanta, Delta operates significant hubs and key markets in Amsterdam, Atlanta, Bogota, Boston, Detroit, Lima, London-Heathrow, Los Angeles, Mexico City, Minneapolis-St. Paul, New York-JFK and LaGuardia, Paris-Charles de Gaulle, Salt Lake City, Santiago (Chile), Sao Paulo, Seattle, Seoul-Incheon and Tokyo.

As the leading global airline, Delta's mission to connect the world creates opportunities, fosters understanding and expands horizons by connecting people and communities to each other and to their own potential. Powered by innovative and strategic partnerships with Aeromexico, Air France-KLM, China Eastern, Korean Air, LATAM, Virgin Atlantic and WestJet, Delta brings more choice and competition to customers worldwide. Delta's premium product line is elevated by its unique partnership with Wheels Up Experience. Delta is America's most-awarded airline thanks to the dedication, passion and professionalism of its people. In addition to the awards from J.D. Power and Cirium, Delta has been recognized as the top U.S. airline by the Wall Street Journal; among Fast Company's Most Innovative Companies; the World's Most Admired Airline and one of the Best 100 Companies to Work For according to Fortune; and as one of Glassdoor's Best Places to Work. In addition, Delta has been named to the Civic 50 by Points of Light for the past seven years as one of the most community minded companies in the U.S.

 

Sun Country Airlines Holdings, Inc. (Nasdaq: SNCY) is a new breed of hybrid low-cost air carrier, whose mission is to connect guests to their favorite people and places, to create lifelong memories and transformative experiences. Sun Country dynamically deploys shared resources across our synergistic scheduled service, charter, and cargo businesses. Based in Minnesota, we focus on serving leisure and visiting friends and relatives (“VFR”) passengers and charter customers and providing cargo service to Amazon, with flights throughout the United States and to destinations in Mexico, Central America, Canada, and the Caribbean.

 

New Stocks Added to the Tech Directories:

Lumen Technologies (NYSE: LUMN) connects the world. We are igniting business growth by connecting people, data, and applications – quickly, securely, and effortlessly. Everything we do at Lumen takes advantage of our network strength. From metro connectivity to long-haul data transport to our edge cloud, security, and managed service capabilities, we meet our customers' needs today and as they build for tomorrow.

 

New Stocks Added to the Mining Directories:

FIRST ANDES SILVER LTD. (TSXV: FAS) (OTC Pink: MSLVF) (FSE: 9TZ) is a British Columbia company that holds a 100% interest in the high-grade Santas Gloria silver property, located in Peru.

 

New Stocks Added to the Defense Directories:

Perimeter Solutions, SA (NYSE: PRM)  is a leading global solutions provider, providing high-quality firefighting products and phosphorus-based specialty chemicals. The Company's business is organized and managed in two reporting segments: Fire Safety and Specialty Products. The Fire Safety business consists of formulating, manufacture and sale of fire retardants and firefighting foams that assist in combating various types of fires, including wildland, structural, flammable liquids and others. Our Fire Safety business also offers specialized equipment and services, typically in conjunction with our fire management products, to support our customers' firefighting operations. Our specialized equipment includes airbase retardant storage, mixing, and delivery equipment; mobile retardant bases; retardant ground application units; mobile foam equipment; and equipment that we custom design and manufacture to meet specific customer needs. Our service network can meet the emergency resupply needs of over 150 air tanker bases in North America, as well as many other customer locations in North America and internationally. The segment is built on the premise of superior technology, exceptional responsiveness to our customers' needs, and a "never-fail" service network. The segment sells products to government agencies and commercial customers around the world. The Specialty Products business produces and sells high quality Phosphorus Pentasulfide ("P2S5") primarily used in the preparation of lubricant additives, including a family of compounds called Zinc Dialkyldithiophosphates ("ZDDP") that provide critical anti-wear protection to engine components. P2S5 is also used in pesticide and mining chemicals applications.

 

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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

 

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/

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Global Silicon-Based Anode Battery Market Size Is Expected To Reach $3.4 Billion By End Of 2031; (NYSE: $KULR) (NASDAQ: $ENVX) (NASDAQ: $SLDP) (NYSE: $FREY) (NYSE: $QS) @FNMgroup @KULRTech

 Global Silicon-Based Anode Battery Market Size Is Expected To Reach $3.4 Billion By End Of 2031; (NYSE: $KULR) (NASDAQ: $ENVX) (NASDAQ: $SLDP) (NYSE: $FREY) (NYSE: $QS) @FNMgroup @KULRTech

 

Palm Beach, FL – April 30, 2024 – FN Media Group News Commentary – A recent breakthrough in technology has experts saying that new heights are soon to be in sight for Lithium-ion battery performance. Batteries made with silicon instead of graphite — the commonly used material in battery anodes today — have been shown to enable significantly higher energy density and faster charging. A report from Transparence Market Research projected that the global silicon-based anode market size is estimated to grow at a CAGR of 69.9% through 2031 and reach us$ 3.4 Billion by the end of 2031.  Also a recent report on CNBC said that: “Silicon anode has 10 times higher energy density than graphite,” according to CEO Kang Sun of Amprius Technologies, one of the companies working on the technology.  “We’ve demonstrated that we can charge to 80 percent in under six minutes,” added Jon Bornstein, the company’s chief operating officer. Amprius is already working with Airbus, the U.S. Army, AeroVironment and BAE Systems on early iterations of its silicon-anode batteries.   Sila Nanotechnologies, which was started by a group of ex-Tesla battery engineers, is also working on silicon-anode technology. The company has been in the market since 2021 with its Titan Silicon product used in the Whoop fitness tracker. It is now scaling into automotive production.  “Our first automotive customer is going to be Mercedes,” CEO and co-founder Gene Berdichevsky said. “They announced a supply agreement with us to put us in their electric vehicles and they’re going to start with the iconic G Wagon.”   Active defense stocks in news today include:  KULR Technology Group, Inc. (NYSE: KULR), Enovix Corporation (NASDAQ: ENVX), Solid Power, Inc. (NASDAQ: SLDP), FREYR Battery (NYSE: FREY), QuantumScape Corporation (NYSE: QS).

 

Read this in full at https://www.financialnewsmedia.com/global-silicon-based-anode-battery-market-size-is-expected-to-reach-3-4-billion-by-end-of-2031/

 

Porsche also plans to use silicon-anode technology in its vehicles, and has invested in Washington state-based Group14 Technologies.  “The head of R&D for Porsche … said, at Porsche, the soul of the vehicle has been the engine and the transmission … they believe the next soul of the vehicle is going to be the battery cell,” Group14 CEO and co-founder Rick Luebbe said.  All three companies have announced plans to build domestic gigawatt-hour scale manufacturing facilities in the next few years. Funding support has come from the U.S. Department of Energy as part of President Biden’s infrastructure bill to boost America’s battery supply chains and production.”

 

KULR Technology Group, Inc. (NYSE American: KULR) and Amprius Technologies Form Strategic Partnership for Advanced Battery Packs – KULR ONE Space and KULR ONE Guardian Platforms to Integrate Amprius Silicon Anode SA10 Cells – KULR Technology Group, (the “Company” or “KULR”), a global leader in safe and high performance energy storage solutions, today announced a leap forward in battery technology tailored for defense and space applications as KULR Technology Group and Amprius Technologies (NYSE: AMPX) officially announce their strategic partnership. This collaboration heralds the integration of Amprius’ innovative high performance cylindrical cell into KULR ONE Space and Guardian battery architectures, renowned for their high reliability and robust safety protection, for aerospace and military applications. At the heart of this partnership is Amprius’ silicon-anode SA10 cells, which are set to provide a tactical edge through superior energy density and discharge capability. The incorporation of these cells into KULR ONE Space & Guardian reference designs will ensure a propagation-resistant structure, equipped with the necessary safety measures to meet stringent specifications for defense and space operations.

 

KULR Technology Group is poised to incorporate these cutting-edge cells into forthcoming standard battery models like the BB 2590 and into commercialized variations of the KULR ONE Space 100 to 400 Wh variations, harnessing our NASA-certified screening practices, or similar, to bolster safety. This crucial step meets a fundamental requirement for battery packs destined for crewed space flights, in compliance with the NASA JSC 20793 standard and for next generation military battery packs required to satisfy extensive environmental testing requirements such as MIL-STD-810H. Working jointly with Amprius and NASA, KULR is committed to securing the essential approvals for the SA10’s use in battery packs for these vital missions and applications.

 

A recent collaborative report by the World Economic Forum and consultancy firm McKinsey & Company highlights the potential of the global space economy to address major industry and societal issues. The report forecasts that by 2035 the sector’s valuation could reach $1.8 trillion, putting it on par with the influential semiconductor industry. The study envisions space technologies becoming as integral to daily life as semiconductors are currently, driven primarily by advancements in communications positioning, navigation and timing, and Earth observation services.

 

KULR CEO Michael Mo remarked, “The innovation encapsulated within the SA10 cell, and the agility demonstrated by Amprius align seamlessly with our commitment to serving high reliability sectors. This is an ideal strategic partnership for our KULR ONE platform utilizing their high energy density cell. Together, we are positioned to exceed the expectations of our mission-critical customers.”

 

Amprius Technologies’ CEO Dr. Kang Sun praised the alliance, stating, “KULR’s unwavering dedication to safety and innovation, coupled with their ability to rapidly produce prototypes, is indispensable. KULR’s adoption of Amprius’ industry-leading cell based on the SiCore™ product line not only allows us to enter new markets with cutting-edge technology, but it also propels ongoing development for future demands.”

 

This strategic partnership sets a new standard for battery solutions in high-stakes environments, reflecting both companies’ visions for a safer, more efficient future. The integration of Amprius’ SA10 cells into KULR’s battery packs is poised to revolutionize the landscape of power sources for the defense and aerospace sectors, offering unprecedented reliability and safety.  CONTINUED…  Read this entire press release and more news for KULR at:  https://www.financialnewsmedia.com/news-kulr/

In other defense industry developments of note:

 

Enovix Corporation (NASDAQ: ENVX), a global high-performance battery company, recently announced it has completed Factory Acceptance Testing (“FAT”) for its Gen2 Agility Line and is on track to produce first silicon battery samples from Fab2 in the second quarter of 2024.

 

“I’m proud to announce the team has completed our rigorous FAT process for all machines that make up our Agility Line,” said Ajay Marathe, Chief Operating Officer at Enovix. “SAT is also well underway. Both FAT and SAT processes ensure that we only place machines into service that meet our specifications for throughput, yield and machine uptime. I’m extremely pleased with the results so far. We’re on track to produce our first EX-1M samples for mobile and IoT customers in Q2.”  Enovix patented manufacturing process uses dozens of machines to produce battery cells with a unique architecture that enables the use of a 100% active silicon anode for higher energy density.

 

Solid Power, Inc. (NASDAQ: SLDP), a developer of solid-state battery technology, recently announced that it will release its first quarter 2024 results after market close on Tuesday, May 7, 2024, to be followed by a conference call at 2:30 p.m. MT (4:30 p.m. ET) on the same day.

Interested investors and other parties can listen to a webcast of the live conference call through Solid Power’s Investor Relations website at www.solidpowerbattery.com/investor-relations.

 

The conference call can also be accessed live over the phone by dialing +1-844-808-7138 (domestic) or +1-412-317-0536 (international).  A recording of the conference call will be available approximately three hours after the completion of the call at www.solidpowerbattery.com/investor-relations or by dialing +1-844-512-2921 (domestic), or +1-412-317-6671 (international). The pin number for the replay is 10187372. The replay will be available until 9:59 p.m. MT (11:59 p.m. ET) on May 21, 2024.

 

FREYR Battery (NYSE: FREY), a developer of next-generation battery cell production capacity, recently announced that it will publish a press release detailing first quarter 2024 results and conduct a conference call on May 8, 2024.

 

The first quarter 2024 press release will be issued by 6:00 am U.S. Daylight Time (12:00 pm Central European Time). The conference call is scheduled to begin at 8:30 am Eastern Daylight Time (2:30 pm Central European Time).

 

To access the conference call, listeners should contact the conference call operator at the appropriate number listed below approximately 10 minutes prior to the start of the call.

Participant conference call dial-in numbers: United States (646) 307-1963; United Kingdom +44.20.3481.4247; Norway +47.57.98.94.30; Denmark +45.32.74.07.10; Spain +34.910.489.958

;Germany +49.69.589964217; Sweden +46.8.505.246.90

The participant passcode for the call is: 7135736

 

QuantumScape Corporation (NYSE: QS), a leader in developing next-generation solid-state lithium-metal batteries, recently announced its business and financial results for the first quarter of 2024, which ended March 31.  The company posted a letter to shareholders on its Investor Relations website, ir.quantumscape.com, that details first-quarter financial results and provides a business update.

 

QuantumScape will host a live webcast today at 2 p.m. Pacific Time (5 p.m. Eastern Time), accessible via its IR Events page. Siva Sivaram, chief executive officer, and Kevin Hettrich, chief financial officer, will participate on the call.  An archive of the webcast will be available shortly after the call for 12 months.

 

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