KULR awarded more than $1 million contract from H55 for their exclusive Thermal Runaway Shield Technology

KULR Technology Group, Inc. (NYSE:KULR) has announced a commitment of over $1 million from H55 Inc., a leader in electric propulsion technology (EPS). This partnership is crucial for meeting safety standards set by the European Union Aviation Safety Agency (EASA). The initial phase of delivery began in the first quarter of 2024.

Through this collaboration, KULR will play a key role in developing propulsion systems that adhere to strict safety protocols while maintaining high efficiency and energy density. With the recent approval of the H55 EPS by EASA, the project has progressed to a critical stage of demonstrating compliance in its certification process.

Michael Mo, CEO of KULR, emphasized the company’s commitment to setting new safety standards in electric aviation through their partnership with H55. Together, they aim to address the evolving compliance requirements from regulatory bodies like EASA and the FAA to ensure their technology meets the safety needs of the electric aviation sector.

Following this announcement, KULR shares closed higher by 7.89% at $0.41 on Monday. Investors interested in staying ahead in the stock market game can benefit from tools like Benzinga Pro, which provides comprehensive news and analysis. For the latest stock market insights, visit Benzinga to stay informed about the latest developments in the financial world.

By Sophia Gonzalez

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