KULR Technology Group, Inc. (NISE:KULR) has recently announced a commitment of over $1 million from H55 Inc., a leader in electric propulsion (EPS) technology. This partnership is critical to meeting the safety standards set by the European Union Aviation Safety Agency (EASA). The initial delivery phase began in the first quarter of 2024.

The collaboration with H55 enables KULR to play a key role in the development of propulsion systems that adhere to strict safety protocols while maintaining high efficiency and energy density. With the recent approval of the H55 EPS by EASA, the project has progressed to the critical phase of demonstrating compliance in the certification process. Michael Mo, CEO of KULR, highlighted the company’s commitment to setting new safety standards in electric aviation through their partnership with H55. Together, they aim to address growing compliance requirements from regulatory bodies such as EASA and FAA to ensure their technology meets the safety needs of the electric aviation sector.

Following the announcement, KULR shares rose 7.89% to $0.41 on Monday. Investors interested in staying ahead of the stock market game can benefit from tools like Benzinga Pro, which provides comprehensive news and analysis for investors looking for insights into emerging technologies like electric aviation. For more information about Benzinga Pro and its features visit Benzinga today to stay informed about exciting developments in this fast-paced financial world.

By Samantha Johnson

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