SAN DIEGO - KULR Technology Group, Inc. (NYSE American: KULR), a company specializing in lithium-ion battery safety and thermal management, has been awarded a contract valued over $865,000 by Nanoracks, part of Voyager Space's Exploration Segment.
This agreement, announced today, signifies KULR's involvement in the development and early production of a specialized space battery designed to enhance CubeSat applications for Voyager.
The initial phase of the contract, which is expected to be completed in April 2024, has already seen KULR deliver a prototype battery at the end of 2023. This achievement demonstrates KULR's capability to meet stringent project requirements within an accelerated timeline, ensuring that its battery technology will be integral in powering next-generation satellite applications.
Michael Mo, CEO of KULR, commented on the new partnership, highlighting its importance for both companies in terms of innovation and potential for future collaboration. Robbie Harris, Voyager Space's Director of Advanced Concepts (Exploration), also noted the partnership's focus on pushing the boundaries of battery technology to ensure safety, reliability, and performance.
KULR's ONE Space Platform, designed to meet NASA's standards for manned spaceflight, is anticipated to grow in influence within the aerospace sector. The company, with facilities in Webster, Texas, and San Diego, California, is positioned to meet the evolving demands of the aerospace industry, emphasizing the advancement of safe battery technology.
This information is based on a press release statement from KULR Technology Group, Inc.
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