KULR Technology Group, Inc. (NYSE:KULR) has recently announced a major partnership with H55 Inc., a leader in electric propulsion technology (EPS), to develop propulsion systems that adhere to strict safety protocols while maintaining high efficiency and energy density. The initial phase of delivery began in the first quarter of 2024.
The collaboration with H55 allows KULR to play a key role in setting new safety standards in electric aviation through their partnership with H55. With the recent approval of the H55 EPS by EASA, the project has progressed to a critical stage of demonstrating compliance in its certification process. Michael Mo, CEO of KULR, emphasized the company’s commitment to this partnership and their shared goal of addressing evolving compliance requirements from regulatory bodies like EASA and the FAA.
Following this announcement, KULR shares closed higher by 7.89% at $0.41 on Monday. Investors interested in staying ahead in the stock market game can benefit from tools like Benzinga Pro, which provides comprehensive news and analysis. For the latest stock market insights, visit Benzinga to stay informed about the latest developments in the financial world.
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