Breaking Renewable Energy Stock News: KULR
(NYSE: $KULR) Secures Expanded U.S. Army Battery Contract to $2.4M, Paving Way
for KULR ONE Guardian Battery Production in 2025; @KULRTech
Houston,
TX - September 25, 2024 (Investorideas.com Newswire) KULR Technology Group, Inc. (NYSE American: KULR) (the "Company" or "KULR"), a
global leader in sustainable energy management, today announced that it is on
track to successfully complete its initial engagement with the United States
Army by Q3 2024. Building on the momentum of this ongoing partnership, the Army
will expand its battery contract with the Company to $2.4M. This contract
includes the development of additional prototypes and comprehensive
environmental qualification testing in accordance with MIL-STD-810E standards.
This expanded contract underscores KULR's commitment
to advancing the performance and reliability of silicon anode lithium-ion
battery cells under the most demanding conditions. These prototypes will
undergo rigorous testing to ensure that the increased energy density does not
compromise safety or reliability in active-duty environments. By maintaining
stringent standards, KULR aims to support the Army's mission readiness and
operational efficiency.
As part of its broader growth
strategy, KULR sees this collaboration as a key driver for expanding the
deployment of its innovative technologies, such as the KULR ONE platform. This
engagement with the U.S. Army enhances product capabilities and lays the
groundwork for a growing adoption of KULR ONE, with product sales expected to
accelerate in 2025. The Company's forward-looking strategy is centered on
delivering solutions that drive both technological advancements and cost
efficiencies for its partners.
This news is paid advertisement/ news
disseminated on behalf of/issued on behalf of KULR Technology Group, Inc.
Read this news, featuring KULR in full at https://www.investorideas.com/news/2024/09251KULR-ONE-Guardian-Battery.asp
Michael Mo, CEO of KULR
Technology Group, commented, "This expanded contract is a crucial step in
our collaboration with the U.S. Army. By pushing the boundaries of energy
density while maintaining the highest safety and reliability standards, we are
laying the foundation for future adoption across the Army's technological
infrastructure. Our focus remains on delivering innovative solutions that meet
the operational demands of our armed forces in the harshest environments."
This contract aligns with KULR's
long-term strategy of forming strong partnerships and developing technologies
that enhance energy efficiency and resilience in critical military
applications. Success in these efforts only reinforces KULR's role as a key
contributor to mission readiness in the defense and aerospace sectors. For more
information about KULR Technology Group and its cutting-edge energy management
solutions, please visit http://www.kulrtechnology.com.
About
KULR Technology Group, Inc.
KULR Technology Group Inc. (NYSE
American: KULR) delivers cutting edge energy storage solutions for space,
aerospace, and defense by leveraging a foundation of in-house battery design
expertise, comprehensive cell and battery testing suite, and battery
fabrication and production capabilities. The Company's holistic offering allows
delivery of commercial-off-the-shelf and custom next generation energy storage
systems in rapid timelines for a fraction of the cost compared to traditional
programs. For more information, please visit www.kulrtechnology.com.
Safe
Harbor Statement
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of any entity. This release contains certain forward-looking statements based
on our current expectations, forecasts and assumptions that involve risks and
uncertainties. Forward-looking statements in this release are based on
information available to us as of the date hereof. Our actual results may differ
materially from those stated or implied in such forward-looking statements, due
to risks and uncertainties associated with our business, which include the risk
factors disclosed in our Form 10-K filed with the Securities and Exchange
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"intend," "may," "should," and "would"
or similar words. All forecasts are provided by management in this release are
based on information available at this time and management expects that
internal projections and expectations may change over time. In addition, the
forecasts are entirely on management's best estimate of our future financial
performance given our current contracts, current backlog of opportunities and
conversations with new and existing customers about our products and services.
We assume no obligation to update the information included in this press
release, whether because of new information, future events or otherwise.
Investor
Relations:
KULR Technology Group, Inc.
Phone: 858-866-8478 x 847
Email: ir@kulrtechnology.com
KULR
Technology Group, Inc. (NYSE: KULR) is a featured renewable energy stock on
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