• Thu. Apr 18th, 2024

Electric Propulsion Safety Standards Set to Rise with H55 and KULR Partnership

BySamantha Jones

Apr 2, 2024
KULR awarded more than $1 million contract from H55 for their exclusive Thermal Runaway Shield Technology

H55 Inc., a leader in electric propulsion technology (EPS), has recently committed over $1 million to KULR Technology Group, Inc. (NYSE:KULR) for their partnership to develop propulsion systems that adhere to strict safety protocols. The initial phase of delivery began in the first quarter of 2024. This collaboration is crucial for meeting safety standards set by the European Union Aviation Safety Agency (EASA).

KULR’s Thermal Runaway Shield (TRS) will be incorporated into the propulsion systems of major companies such as Pratt & Whitney and CAE Inc. (NYSE:CAE). The partnership with H55 allows KULR to play a key role in developing electric aviation technology that meets stringent safety requirements while maintaining high efficiency and energy density. With the recent approval of 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 setting new safety standards in electric aviation through their partnership with H55. Together, they aim to address evolving compliance requirements from regulatory bodies like EASA and the FAA to ensure their technology meets the safety needs of the electric aviation sector.

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.

By Samantha Jones

As a content writer at newsnnk.com, I weave words into captivating stories that inform and engage our readers. With a passion for storytelling and an eye for detail, I strive to deliver high-quality and engaging content that resonates with our audience. From breaking news to thought-provoking features, I am dedicated to providing informative and compelling articles that keep our readers informed and entertained. Join me on this journey as we explore the world through the power of words.

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