NUBURU (NYSE:BURU) shares are surging higher today after the industrial blue laser technology provider bagged a contract from the National Aeronautics and Space Administration (NASA) to demonstrate the feasibility of power beaming in space.
NUBURU will utilize its blue laser technology to showcase its feasibility. The contract has been awarded via NASA’s Small Business Innovation Research funding initiative. Power is a critical element for remote lunar or planetary bases and transporting copper or aluminum wires for the effort can be a costly affair. NUBURU’s solution will be aimed at mitigating these challenges.
This could mean substantially lower size and weight of the equipment used in missions and Mark Zediker, the CEO of NUBURU commented, “Power beaming is one of the only effective and economical solutions to the power management challenges facing NASA and other space operators today.”
Along with power transmission, NUBURU’s solution could also offer visual guidance for astronauts as well as high bandwidth laser communication.
Shares of the company have skyrocketed nearly 225% with this important contract win today. Nonetheless, the stock still remains nearly 81% lower over the past year.
Read full Disclosure
