DoD Selects NUBURU for Position on Contract for High Energy Laser Systems

April 5, 2023

(24/7 MARKET NEWS) – NUBURU, Inc. (NASDAQ:BURU) announced, this morning, that the U.S. Department of Defense (DOD) selected NUBURU for a position on the multiple award Indefinite Delivery/Indefinite Quantity (IDIQ) contract for the fabrication and delivery of prototypes and equipment in support of solid-state high energy laser (HEL) weapon systems.

NUBURU is trading at $3.98, up $1.26 (+46.32%), on 340 thousand premarket shares.

Its 52-week trading range is $2.55 to $14.00. It’s gapping above its recent resistance points and if it can take out the $4.80 and $5.90 targets, on strong trading volume, it would have minimum resistance to possibly the $8 trading level.

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