KULR Pockets $500K Initial Order From Lockheed Martin For PPR Battery Systems

KULR Technology Group Inc KULR has received an initial order totaling ~$500 thousand for its passive propagation resistant battery systems from the Lockheed Martin Corp LMT.
The order is for immediate delivery and is the starting point in the partnership as LMT leverages KULR's technological advancements in PPR energy products for its Advanced Energy Systems.
KULR's PPR energy products include the Thermal Runaway Shield, the Internal Short Circuit, and the monitoring system KULR developed for its aerospace and U.S. Department of Defense customers.
Price Action: KULR shares are trading higher by 1.16% at $3.49, and LMT lower by 1.18% at $337.20 during the premarket session on Tuesday.