KULR - KULR Secures Multi-Million Dollar Follow-On Defense Contract Reinforcing Aerospace Innovation | Benzinga
SAN DIEGO, Nov. 28, 2023 (GLOBE NEWSWIRE) -- KULR Technology Group, Inc. (NYSE:KULR) (the "Company" or "KULR"), a global leader in sustainable energy management, is pleased to announce the receipt of a follow-on contract from a leading Department of Defense ("DoD") contractor for advanced thermal management systems in a next-generation air-to-air missile program. This contract signifies KULR's expanding position in the defense sector as the Company anticipates consistent demand for its solutions through 2030, opening avenues for additional opportunities in similar fields. The multi-year follow-on engagement has an estimated total contract value to KULR of over $8 million.
Today's announcement further strengthens KULR's longstanding track record of successful collaborations with leading DoD contractors, highlighting the Company's ongoing dedication, strong presence, and expansion within the aerospace and defense sector.
At the heart of this initiative is KULR's innovative Fiber Thermal Interface ("FTI") materials. Designed and produced in the USA, these carbon-based fiber materials tackle thermal management challenges in high-power systems by enhancing thermal contact and minimizing surface irregularities. This breakthrough results in increased power densities, thermal stability, and reliability, especially in harsh conditions. Additionally, its low contact pressure and high bond line thickness contribute ...