KULR Technology Group, Inc. announced an initial engagement with a Tier-1 aerospace and defense manufacturer. The contract, with a revenue potential of between $6 million to $7 million over multiple years, involves the development of a Phase Change Material Module designed to ensure thermal stability for critical components used in space environments. KULR's proprietary PCMM will be a key element in the broader program, serving to maintain precise temperature control under the extreme conditions of space operations.

A prototype unit will be developed first, enabling the Tier-1 Manufacturer to conduct thorough performance evaluations in preparation for the subsequent flight units. The collaboration highlights KULR's commitment to delivering high-quality, reliable thermal management technology, and lays the groundwork for potential future engagements.