KULR Technology Group Inc. (NYSE: KULR) shares rose 28.1% following new contract wins in the drone and space sectors.
The company is currently integrating Factorial Inc.’s solid-state and lithium-metal battery cells into its next-generation drone battery packs.
Argo Space Corp. also selected KULR to supply NASA-standard KULR ONE Space battery systems for an upcoming orbital mission.
These developments demonstrate the commercial application of KULR’s thermal management technology and reinforce the market narrative regarding its scalable product platform.