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

KULR Technology Group, Inc. (NYSE:KULR) recently announced a major 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). H55 plans to incorporate KULR’s Thermal Runaway Shield (TRS) into the propulsion systems of major companies such as Pratt & Whitney and CAE Inc. (NYSE:CAE).

The collaboration with H55 allows KULR to 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 Riley Johnson

As a content writer at newsmol.com, I dive into the depths of information to craft compelling stories that captivate and inform readers. With a keen eye for detail and a passion for storytelling, I strive to create engaging content that resonates with our audience. Whether it's breaking news, in-depth features, or thought-provoking opinion pieces, I am dedicated to delivering high-quality, informative content that keeps readers coming back for more. My goal is to bring a fresh perspective to every article I write and to make a meaningful impact through the power of words.

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