KULR Technology Group, Inc. has announced a groundbreaking development program that will play a pivotal role in the advancement of battery technology to be deployed on space missions scheduled for this year ? 2024 ? and beyond.

KULR, internationally known for its proprietary battery safety and performance methodologies and products, has been engaged by one of the few global leaders in space travel to design, develop, and deliver battery systems tailored for the rigorous demands of space travel. These batteries will power the dramatically growing commercial space business for KULR?s partner for its immediate needs and into the future. The commercial, economic, and mission-critical requirement for on-time delivery of consistently safe, reliable, and efficient battery power solutions coupled with the complex demands of space travel led this customer to KULR.

While the program is already underway, upon achieving anticipated milestones, both KULR and its partner anticipate follow-on orders supporting a significant increase in the frequency and scale of planned space missions. With the anticipated growth in both state (US domestic and international) and privately sponsored commercial missions, dependable and secure power solutions are an essential requirement for the industry to achieve its potential. As further evidenced by the announcement of this engagement, KULR is at the forefront of delivering these solutions on commercially demanding time frames.