KULR - KULR and United States Army Extend Previously Awarded Contract | Benzinga
SAN DIEGO, Oct. 30, 2023 (GLOBE NEWSWIRE) -- KULR Technology Group, Inc. (NYSE:KULR) (the "Company" or "KULR"), a global leader in sustainable energy management, today announced an extension to its previously awarded contract with the United States Army ("Army") following promising initial results. The Army has extended its collaboration with KULR to continue the development, testing, and analysis of next generation lithium-ion battery cells incorporating the Company's battery storage platform, KULR ONE Design Solutions ("K1-DS").
The development activities that began in April 2023, continue to progress and, are slated to run through 2024.
"This extension serves as a testament to the transformative potential of our technology and the trust the US Army has put in us to partner with them to achieve their goal of developing state-of-the-art energy storage solutions," said KULR CEO Michael Mo. "To be trusted by the US Army to provide cutting edge effectiveness and safety in energy solutions to our soldiers is an honor. We look forward to completing our extensive K1-DS design and testing process ...