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A Look At KULR Technology Group’s Valuation After New Defense Drone Battery Agreement
Why KULR’s new drone battery contract matters for investors
KULR Technology Group (KULR) has signed a prototype development and fabrication agreement with a U.S. defense drone manufacturer, putting its lithium ion battery technology directly into unmanned aerial vehicle and controller programs.
Under this contract, KULR is responsible for system level battery design, architecture, prototyping, testing, certification support, and production readiness for the customer’s UAVs and ground control...