(NYSE: KULR) $1.5M Satellite Battery Systems Order from South Korea’s Nara Space for Artemis II CubeSat Mission

Possible Midday Bounce Play (NYSE: KULR) KULR Technologies Receives up to $1.5M Satellite Battery Systems Order from South Korea’s Nara Space for Artemis II CubeSat Mission FDR Member, Breaking news was released on ticker KULR this morning. Please read below.  [Receives up to $1.5M Satellite Battery Systems Order from South Korea’s Nara Space for Artemis II CubeSat Mission](  HOUSTON, Sept. 10, 2024 (GLOBE NEWSWIRE) -- [KULR Technology Group, Inc.]( (NYSE American: KULR) (the "Company" or "KULR"), a global leader in sustainable energy management, today announced it has been awarded an initial contract valued close to $1M, with additional options bringing total contract value up to $1.5M, to supply 20793-rated battery systems to South Korea’s [Nara Space]( (NARA) for their CubeSat mission aboard Artemis II. This project is part of a larger collaboration involving the [Korea Astronomy and Space Science Institute]( (KASI) and the [National Aeronautics and Space Administration]( (NASA), where Nara Space is providing the CubeSat to KASI, as part of the Artemis program.  Dr. Will Walker, CTO of KULR Technology Group, stated, “Our turn-key design approach with KULR ONE Space (K1S) has been the focal point for our battery design teams for the last 12 months, and our resulting position to support NARA’s timeline, which is driven by NASA, represents a major advancement in simplifying and reducing the cost of battery integration for future human-rated space missions. By delivering a fully compliant and scalable solution, we are helping to pave the way for more efficient and reliable space exploration.”  Ted Krupp, VP of Sales and Marketing at KULR Technology Group, added, “NARA’s decision to partner with KULR was driven by our ability to rapidly bring products to market and our strong relationships within NASA. These factors are critical in optimizing the certification process for both NARA and KASI, an affiliated research institute of the [Korea AeroSpace Administration]( ensuring that their CubeSat is ready for its role in the Artemis II mission. The NARA 20793-rated battery will be delivered in record time for this classification of energy storage system.”  For more information about KULR Technology Group and its innovative solutions, please visit [](.  We've featured KULR Technology Group (NYSE: KULR) before, and it's time to do it again. Why? Winners are winners, and in this case, KULR stock is doing more than rewarding both strategies; its increase in value this month is also significantly trouncing the broader averages.  KULR Is Targeting Massive Markets... Utility Dive's research includes the prediction that electric vehicles will account for 62% to 86% of global sales by 2030, with China reaching an EV market share of at least 90% by then. This is a massive opportunity, and KULR is well-positioned to capitalize on it. Yes, reports and expectations about EV adoption vary, but make no mistake—they all point to the sales curve steepening significantly, and KULR is ready to ride that wave. Thus, with KULR now committing to expanding its testing services business, its projection of that unit becoming a standalone business able to generate annual revenue of $8 to $10 million by 2025 without additional investment may prove conservative. That's a bullish assessment. However, KULR deserves it. This potential growth is a testament to KULR's strong market position and its ability to capitalize on emerging trends in the battery safety and clean energy technology sector. Primetimers, we know that KULR stock gets beat up at times. However, few, if any, argue against KULR being one of the most important innovators and early contributors to battery safety and clean energy technology. Analysts covering KULR stock certainly won't.  [Analysts Model For 1840% Upside...Â]( [Analysts covering KULR are not just optimistic, they are uber-bullish about the company's near and long-term future. They maintain BUY and Speculative BUY ratings with price targets as high as $7.00, representing an upside of over 1840% from its current $0.36. Even achieving the average consensus target of $3.07 would mean an over 8X increase from here. These targets are not mere speculation; they are grounded in deep-dive analysis that values KULR's robust operational and fundamental strengths. This is a clear vote of confidence in KULR's potential.]( There has been plenty to factor into their appraisals. Before its newest deal with the top Japanese automaker was announced, on May 22nd, KULR announced securing a test engineering contract with Bombardier Recreational Products. Earlier that month, KULR expanded its battery safety shipping platform with United Parcel Service and formed a strategic partnership with Safeware. These developments culminate in a successful 200 Amp-Hour battery test for an electric vehicle customer and support for NASA's R5 program. These operational advances are not isolated events; they are part of a broader trend of growth and innovation. More than a trend; they're value drivers. In April, KULR reported a 146% surge in revenue to approximately $9.8 million, driven by a 47% increase in billed customer count. Noteworthy achievements included delivering a power cell battery deployment order for AI-enabled drones in Ukraine and a strategic partnership with Amprius Technologies, enhancing KULR's footprint in the defense and space sectors. That's not all. A fair appraisal of KULR must also include factoring in other value drivers, including retiring convertible debt, securing new permits from the U.S. Department of Transportation, and advancing critical contracts with the U.S. Army. All of that positions KULR for substantial growth. And with KULR's innovative solutions, such as the SafeCASE™ and SafeSLEEVE™, revolutionizing battery safety, recycling, and addressing critical multi-market needs, that growth will likely happen faster than many think. These operational advances are not isolated events; they are part of a broader trend of growth and innovation. More than a trend; they're value drivers. That's the strength of KULR.  Factoring All of KULR's Parts... Remember, member's, the permits and contracts that KULR earned so far aren't just money makers but technology validators. That's the most important value driver going forward, especially in a global business landscape where clients rely on market speed, capital preservation, and proven product reliability and performance.   In other words, similar to how Wall Street brokerage houses follow the lead of an unrelated analyst, automakers, defense, and space industry clients will migrate toward technology that has completed rigorous field testing. We can find no company that has checked more of those validation boxes in the battery safety sector than KULR. Better still, from an investor's perspective, many additional milestones could be scored in the coming weeks and quarters. Combining the value they may deliver to already impressive 2024 accomplishments, the lid on KULR stock could be blown off, with a deserved reclaiming of its $0.90 April high share price as an initial target. Members, embrace that type of gain. It's a phenomenal 143% increase if reached. But keep this in mind, too. Fundamentally and operationally stronger today than when it traded above the $2.00 level in 2022, the next stop for KULR shares could be appreciably higher. If so, once again, short and long-term investors could be smiling. To Your Trading Success, Michael Reece Editor, Financial Driven Research Sources: [ [ [1wk&period1=1561052269&period2=1718905051]( [( [( [( [( [( [( [( [( [( [( [( © 2024 Financial Driven Research, All Rights Reserved. Financial Driven Research (“FDR” or “Company”) is a financial publisher that does not offer any personal financial advice or advocate the purchase or sale of any security or inves∙tment for any specific individual. FDR full disclosure is to be read and fully understood before using FDR website or joining FDR email or sms list. 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