KULR Technology Group Inc (NYSE:KULR) announced that it has secured an initial deployment order totaling over $500,000 from a leading Department of Defense (DoD) contractor.
The developer of next-generation lithium-ion battery safety and thermal management technologies said the initial deployment order is for immediate delivery with the potential for a multi-million-dollar deployment order to run through 2023.
“We are proud to continue our support with partners in the defense industry, providing some of the most innovative and high-performance thermal management solutions to advance key new deployments,” KULR Technology Group CEO Michael Mo said in a statement.
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“Aerospace and defense have long been and continue to be a cornerstone market for KULR. As we deepen our relationships in this important space, we look forward to providing transformative technology and expanded product offerings to a growing client base,” Mo added.
KULR noted that today’s announcement builds upon the company’s established history of successful partnerships with prime DoD contractors and underscores its continued commitment, presence and growth within the aerospace and defense marketplace.
KULR’s technology will be utilized by the American manufacturer of spacecraft components and instruments for national defense, civil space and commercial space applications to support its Air-to-Air Missile shipping program, the company added.
KULR manufactures and licenses next-generation carbon fiber thermal management technologies for batteries and electronic systems. By leveraging its roots in developing breakthrough cooling solutions for NASA space missions and its IP portfolio, KULR enables leading aerospace, electronics, and electric vehicle manufacturers to make their products cooler, lighter and safer for the consumer.
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