Archer Aviation Inc ACHR shares are trading higher after it penned a Space Act Agreement with the National Aeronautics and Space Administration (NASA).
As part of the joint efforts around battery characterization, NASA and Archer will focus on further testing the battery cells’ safety, energy and power performance capabilities by performing tests using one of the most advanced high speed X-ray facilities in the world, the European Synchrotron Radiation Facility (ESRF).
The collaboration will begin with a project that studies high-performance battery cells and safety testing targeted for Advanced Air Mobility (AAM) and space applications.
Archer plans to provide a high-performing battery pack to its Midnight electric air taxi, to validate that these cells are tailor-made for aerospace applications, including electric vertical take-off and landing (eVTOL), electric conventional take-off and landing (eCTOL) aircraft and potential usage in space.
NASA will test Archer’s battery system design for its Midnight aircraft, with specific results being released to advance the entire AAM industry.
Price Action: ACHR shares are up 5.43% at $5.34 on the last check Monday.
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