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KULR Technology | 8-K: Current report

SEC announcement · Mar 21 08:36

KULR -1.04%

Summary by Moomoo AI

On March 21, 2024, KULR Technology Group, Inc., a sustainable energy management company, announced the receipt of an additional purchase order from the United States Army, marking a significant step towards the final phase of a project due for completion in August 2024. This order increases the total contract value to $1.81 million and involves the development of advanced battery prototypes for aviation applications. KULR is set to deliver two distinct prototypes as part of the final phase, utilizing its KULR ONE Design Solutions platform, which incorporates advanced safety and thermal management technologies. CEO Michael Mo highlighted the company's commitment to innovation and the trust placed in KULR by the U.S. Army. The company, also a provider of cell screening technology for NASA, continues to strengthen its position in the energy storage and management sector.

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