KULR Technology (KULR) said Tuesday it was awarded $6.7 million by the Texas Space Commission as part of a $26 million grant to support the state's role in space exploration and technology.
The funding supports KULR's program to develop lithium-ion battery systems for use in cold environments on the Moon and Mars, in partnership with NASA's Johnson Space Center and battery materials company South 8 Technologies, the company said.
KULR said it will lead the design, testing, and manufacturing of lithium-ion cells using South 8's liquefied gas electrolyte, which can function in extremely cold temperatures.
Shares of the company were up 7.5% in recent trading.
Price: 1.22, Change: +0.09, Percent Change: +7.52
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。