KULR - KULR Technology Group Announces a Strategic Contract with Nanoracks for Advanced Space Battery Development | Benzinga
SAN DIEGO, March 14, 2024 (GLOBE NEWSWIRE) -- KULR Technology Group, Inc. (NYSE:KULR) (the "Company" or "KULR"), renowned for its leading-edge lithium-ion battery safety and thermal management technologies, today announced in a landmark development it has been awarded a pivotal contract exceeding $865,000 from Nanoracks (now part of Voyager Space's Exploration Segment). Based in Webster, Texas, Voyager's Exploration team is a prominent provider of commercial space services, specializing in satellite deployment, space station research, and the development of space habitats. This collaboration marks a significant milestone in KULR's journey, with the initial contract poised to conclude in April of this year, and production slated to commence later.
The contract underscores KULR's role in spearheading the accelerated development, testing, and early production of a specialized space battery, aimed at enhancing Voyager's CubeSat applications. This partnership not only showcases the aerospace industry's trust in the KULR ONE Space Platform but also highlights the company's commitment to innovation and reliability.
KULR has already achieved the first milestone of this contract by delivering the first article prototype battery at the end of 2023, demonstrating its ability to meet rigorous project demands under an accelerated timeline. This initial phase ensures KULR's battery technology will play a crucial role in powering next-generation satellite applications during critical periods.
Michael Mo, CEO of KULR, expressed his enthusiasm about the collaboration, stating, "Our partnership with Voyager's Exploration team represents a significant win-win scenario. For Voyager, it brings KULR's cutting-edge, safe, and innovative battery designs to the forefront of space technology, under ...