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An update from KULR Technology Group ( (KULR) ) is now available.
KULR Technology Group, Inc. is set to successfully wrap up its initial deal with the U.S. Army by the third quarter of 2024, with the Army increasing its battery contract value to $2.4 million. This increase will fund the development and rigorous MIL-STD-810E environmental testing of new silicon anode lithium-ion battery cell prototypes. The move bolsters KULR’s strategy to enhance its technological impact, particularly through its KULR ONE platform, and anticipates accelerated product sales in 2025. This partnership not only showcases KULR’s commitment to meeting the Army’s high standards for safety and reliability but also positions the company for broader adoption of its energy solutions in the defense and aerospace sectors.
Find detailed analytics on KULR stock on TipRanks’ Stock Analysis page.
