EXCLUSIVE: KULR Offers Battery Testing Solutions to Leading Manufacturer of Electric Vertical Take-Off and Landing Aircrafts

KULR Technology Group, Inc KULR inked a deal to undertake a series of battery cell testing projects with a top 5 global manufacturer in the electric vertical take-off and landing ("eVTOL") sector. 

What Happened? The tests will complete in the third quarter of 2023. They will further advance eVTOL battery safety as federal regulators look to put forward certification rules for the emerging eVTOL air taxi market. 

Why Does It Matter? The Company's testing protocols incorporate its extensive spaceflight expertise and proprietary KULR ONE Design Solutions ("K1DS") to deliver what it believes to be the world's most rigorous testing platform for battery safety. 

Ultimately, through its artificial intelligence (AI) applications learning from this data, KULR anticipates delivering continued best-in-class solutions for battery safety across applications, including the emerging eVTOL industry.  

Michael Mo, CEO of KULR Technology Group, said, "In fact, we expect second quarter 2023 revenues to be a company record, setting us up for the strongest half-year in the Company's history. If the second quarter of 2023 delivers as expected, we will generate more revenue in the first half of 2023 than we did in all of 2022."

Price Action: KULR shares traded higher by 1.52% at $0.67 premarket on the last check Wednesday.