🟢 KULR Technology Group Inc is trading 14% up after securing a military drone battery contract

KULR Technology Group Inc is trading 14% up today at $5.25 after announcing a new defense contract.

• The company has entered into a prototype development and fabrication agreement with a U.S.-based military drone manufacturer. [1, 6]
• KULR will design, develop, test, and deliver prototype lithium-ion battery packs for the manufacturer's unmanned aerial vehicles (UAVs) and handheld controllers. [5]
• This agreement positions KULR as a potential long-term battery source for the customer's drone platforms as they move towards deployment. [1, 5]