KULR partners with leading provider of drone-powered package delivery services to develop high-capacity lithium battery packs
08 August 2023
KULR Technology Group signed an agreement with a world leading provider of drone-powered package delivery services. Pursuant to the agreement, KULR will leverage its KULR ONE Design Solutions (K1-DS) platform and proprietary technology for the development of high-capacity lithium battery packs for use in last-mile delivery—the most expensive and time-consuming part of the shipping process.
The global drone delivery services market is currently estimated at $2.1 billion and is expected to grow more than 400% to $9.2 billion by 2027.
Although drones offer immense potential, their widespread adoption is hindered by safety risks associated with batteries and various technological challenges, particularly related to energy density and weight.
KULR will support the customer in addressing these concerns with its K1-DS battery pack design and testing platform, which integrates inherently safe and lightweight battery designs featuring advanced chemistry and thermal management technology. This approach empowers drone makers to achieve extended flight ranges and longer flight durations on a single charge.
In May, KULR won two orders from the US military: the first a US Army a $1.13-million contract to develop a high-energy battery storage platform for advanced aviation applications; the second, a development contract from a branch within the United States Armed Forces to develop high-energy battery packs for uninterruptible power supplies to mobile command centers.
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