KULR Technology Group Inc (NASDAQ:KULR) shares are gaining after the company announced a development contract from a United States Armed Forces branch to develop battery packs for uninterruptible power supplies to mobile command centers.
KULR Technology stock is gaining on heavy volume, with a session volume of 1.412 million shares traded, compared to the trailing 100-day volume of 416.619K shares.
The deal terms were not disclosed. It is the second KULR ONE Design Solutions contract within a month.
KULR Technology offers electronics and lithium-ion batteries with applications in energy storage systems, e-Mobility, transportation logistics, battery safety testing, vibration reduction services, and aerospace and defense.
Price Action: KULR shares are up 29.2% at $0.75 on the last check Monday.
