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Vancouver, Kelowna, and Delta, British Columbia- May 23, 2024) – Investorideas.com, a go-to investing platform covering electric vehicles releases a report on the evolution of the sector as the recreational market follows suit, featuring KULR Technology Group, Inc (NYSE American: KULR), a global leader in safe and high-performance energy storage solutions.

 

Read the full article on Investorideas.com
https://www.investorideas.com/News/2024/renewable-energy/05230Recreational-Market-EV.asp

 

As all industry sectors of vehicles build out their electric portfolios, battery safety is still a key issue to address. ResearchandMarkets reported, “In line with rapidly evolving electric mobility demands, the process of EV battery formation and testing is cementing its role as a critical industry segment. Technological advancements and rigorous testing measures are the linchpins for establishing stable, efficient, and secure battery operation that meets consumer expectations and strict regulatory frameworks.”

 

With battery safety as a key service and betting on a future of the electrification of multiple industries, (KULR Technology Group, Inc. (NYSE American: KULR) just added to its growing list entering the electric recreational products sector.

 

KULR just announced it has been awarded an engineering contract with Bombardier Recreational Products for the Company’s Fractional Thermal Runaway Calorimetry (FTRC) testing services. This milestone underscores KULR’s expanding influence and commitment to advancing battery safety in the rapidly growing electric recreational products sector. With an already established presence in space and military safe battery designs, KULR looks to continue discussions and market expansion with potential customers from major electric aviation, electric maritime, EV, and recreational off-road vehicle manufacturers.

 

The partnership highlights BRP’s proactive approach to thermal runaway management across all its e-mobility market verticals – including National Fire Protection Association (NFPA) 1192, while concurrently aligning with KULR’s development of the KULR ONE Design Solutions (K1-DS) platform, which focuses on regulatory compliance, including battery cell testing, propagation-resistant materials, pack and module level testing. The NFPA 1192 standard establishes fire and life safety criteria for recreational vehicles to provide protection from loss of life from fire and explosion.

 

“Securing this contract with BRP is a testament to the critical role that FTRC plays in ensuring the safety and reliability of next-generation consumer facing e-mobility products,” said Michael Mo, Chief Executive Officer of KULR. “FTRC analysis is quickly becoming the de facto method to characterize cell-level thermal runaway, and we are actively working to expand our throughput for this testing in the coming months.”

 

KULR’s exclusive worldwide license for NASA’s large format FTRC positions the company as the industry standard for battery testing and design services. Serving top automakers, space exploration companies, and electric truck manufacturers, KULR’s FTRC technology offers comprehensive thermal runaway characterization for various cell types. This crucial technology enhances battery safety across industries, providing detailed insights into thermal runaway behavior and aiding in regulatory compliance. As the global battery testing market is projected to reach USD 16.5 billion by 2030, KULR’s FTRC capabilities ensure safe, high-capacity batteries for a sustainable future.

 

BRP Inc. (Bombardier Recreational Products), a global leader in the world of powersports products, propulsion systems and boats built on over 80 years of ingenuity and intensive consumer focus, announced in February it added two new electric models available to more commercial users such as ski centers and recreational resorts, as well as consumers to play around their cabin. These new models are designed for more traction and flotation in loose snow.

 

Polaris, a global leader in powersports and its dvision, Polaris Commercial, introduced earlier this year its all-new, all-electric Pro XD Full-Size Kinetic utility vehicle (UTV) ,engineered from the inside out to withstand tough jobsite duty cycles and enable all-day operation with zero exhaust – taking operational efficiency and sustainability to the next level. The Pro XD Kinetic further expands the industry-leading line-up of commercial work UTVs that boast durability, serviceability and safety features while increasing the environments and areas these all-electric UTVs can operate.

 

From the news: Polaris has been a leader in the electric UTV space with the class-leading and award-winning RANGER XP Kinetic. The all-electric RANGER has been called game changing and the gold standard for battery EV UTVs.

 

Also addressing safety in the electric recreational vehicle market, Vision Marine Technologies, Inc., a pioneer in electric marine propulsion announced yesterday the filing of its fourth patent on May 15, 2024, for a dedicated high-voltage marine battery pack. This battery pack is a key element of the E-Motion™ Marine Powertrain Technology and will also be available as a standalone product for future recreational electric powerboats.

 

From the news: Over a rigorous five-year development period, Vision Marine meticulously tested and evaluated various batteries to power the E-Motion™ Electric Powertrain. Existing solutions fell short of the high standards for performance, security, and ease of installation required for a premier marine powertrain. Determined to address this gap, Vision Marine engineered a bespoke solution prioritizing security, performance, and user-friendly installation.

 

Continued: The Vision Marine team created a state-of-the-art marine battery surpassing automotive standards, featuring NMC (1) cells and an advanced battery management system. This unique battery is designed to endure the critical challenges of electric boating, with high voltage delivery, sophisticated electronic communications, and internal cooling tailored for the E-Motion™ Technology.

 

SolarEdge, a global leader in smart energy technology has also entered the recreational market. SolarEdge e-Mobility has developed The Modular electrification kit for trailers to overcome driving range challenges of electric vehicles and increase customer’s comfort.

 

According to the company website, “Modular e-Trailer, equipped with our system, is the key to autonomy and comfort without making compromises in environmental protection. It can support your EV, generate solar and recuperation energy, and play the role of solar residential storage, being an integral part of your home power network.”

 

As the electrification of all transportation rolls out from EV’s to aviation, recreational – battery safety and performance will remain some of the biggest issues to overcome.

 

Positioned to capitalize on these multiple markets, KULR Technology Group, Inc (NYSE American: KULR) announced in January that it “is now the only entity in the world providing comprehensive fractional thermal runaway calorimetry testing services for every cell type, regardless of capacity or format. This breakthrough win firmly establishes KULR as the de facto industry standard battery testing and design services provider in the world to the largest OEM customers across all industries.”

 

Continued: “Sole access to this all-important thermal runaway data decisively positions KULR as a crucial strategic partner for OEM customers requiring state-of-the-art battery safety design, testing, storage, and recycling throughout any part or all of the battery’s life cycle.”

 

Research electric vehicles stocks at Investorideas.com
https://www.investorideas.com/Companies/RenewableEnergy/Stock_List.asp#EV

 

About Investorideas.com – Big Investing Ideas

 

Investorideas.com is the go-to platform for big investing ideas. From breaking stock news to top-rated investing podcasts, we cover it all. Our original branded content includes podcasts such as Exploring Mining, Cleantech, Crypto Corner, Cannabis News, and the AI Eye. We also create free investor stock directories for sectors including mining, crypto, renewable energy, gaming, biotech, tech, sports and more. Public companies within the sectors we cover can use our news publishing and content creation services to help tell their story to interested investors. Paid content is always disclosed.

 

Disclaimer/Disclosure: This news article featuring KULR is a paid for news release on Investorideas.com -Our site does not make recommendations for purchases or sale of stocks, services or products. This is not investment opinion: Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investing involves risk and possible losses. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more.. Contact management and IR of each company directly regarding specific questions. – More disclaimer info: https://www.investorideas.com/About/Disclaimer.asp Learn more about publishing your news release and our other news services on the Investorideas.com newswire https://www.investorideas.com/News-Upload/ Global investors must adhere to regulations of each country. Please read Investorideas.com privacy policy: https://www.investorideas.com/About/Private_Policy.asp

 

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Source:  Investorideas.com

KULR Secures Test Engineering Contract with Bombardier Recreational Products

San Diego, CA –  May 22, 2024 – KULR Technology Group, Inc. (NYSE American: KULR) (the “Company” or “KULR”), global leader in safe and high-performance energy storage solutions, is pleased to announce it has been awarded an engineering contract with Bombardier Recreational Products (“BRP”) (NASDAQ: DOOO) for the Company’s Fractional Thermal Runaway Calorimetry (FTRC) testing services. This milestone underscores KULR’s expanding influence and commitment to advancing battery safety in the rapidly growing electric recreational products sector. With an already established presence in space and military safe battery designs, KULR looks to continue discussions and market expansion with potential customers from major electric aviation, electric maritime, EV, and recreational off-road vehicle manufacturers.

 

The partnership highlights BRP’s proactive approach to thermal runaway management across all its e-mobility market verticals – including National Fire Protection Association (NFPA) 1192, while concurrently aligning with KULR’s development of the KULR ONE Design Solutions (K1-DS) platform, which focuses on regulatory compliance, including battery cell testing, propagation-resistant materials, pack and module level testing. The NFPA 1192 standard establishes fire and life safety criteria for recreational vehicles to provide protection from loss of life from fire and explosion. “Securing this contract with BRP is a testament to the critical role that FTRC plays in ensuring the safety and reliability of next-generation consumer facing e-mobility products,” said Michael Mo, Chief Executive Officer of KULR. “FTRC analysis is quickly becoming the de facto method to characterize cell-level thermal runaway, and we are actively working to expand our throughput for this testing in the coming months.”

 

KULR’s exclusive worldwide license for NASA’s large format FTRC positions the company as the industry standard for battery testing and design services. Serving top automakers, space exploration companies, and electric truck manufacturers, KULR’s FTRC technology offers comprehensive thermal runaway characterization for various cell types. This crucial technology enhances battery safety across industries, providing detailed insights into thermal runaway behavior and aiding in regulatory compliance. As the global battery testing market is projected to reach USD 16.5 billion by 2030, KULR’s FTRC capabilities ensure safe, high-capacity batteries for a sustainable future.

 

About KULR Technology Group Inc.

KULR Technology Group Inc. (NYSE American: KULR) is a leading energy management platform company offering proven solutions that play a critical role in accelerating the electrification of the circular economy. Leveraging a foundation in developing, manufacturing, and licensing next-generation carbon fiber thermal management technologies for batteries and electronic systems, KULR has evolved its holistic suite of products and services to enable its customers across disciplines to operate with efficiency and sustainability in mind. For more information, please visit www.kulrtechnology.com.

 

Safe Harbor Statement   

This press release does not constitute an offer to sell or a solicitation of offers to buy any securities of any entity. This release contains certain forward-looking statements based on our current expectations, forecasts and assumptions that involve risks and uncertainties. Forward-looking statements in this release are based on information available to us as of the date hereof. Our actual results may differ materially from those stated or implied in such forward-looking statements, due to risks and uncertainties associated with our business, which include the risk factors disclosed in our Form 10-K filed with the Securities and Exchange Commission on April 12, 2024, as may be amended or supplemented by other reports we file with the Securities and Exchange Commission from time to time. Forward-looking statements include statements regarding our expectations, beliefs, intentions, or strategies regarding the future and can be identified by forward-looking words such as “anticipate,” “believe,” “could,” “estimate,” “expect,” “intend,” “may,” “should,” and “would” or similar words. All forecasts are provided by management in this release are based on information available at this time and management expects that internal projections and expectations may change over time. In addition, the forecasts are entirely on management’s best estimate of our future financial performance given our current contracts, current backlog of opportunities and conversations with new and existing customers about our products and services. We assume no obligation to update the information included in this press release, whether because of new information, future events or otherwise.

Investor Relations:

KULR Technology Group, Inc.

Phone: 858-866-8478 x 847

Email: ir@kulrtechnology.com

 

Source:  KULR Technology Group, Inc.

Investing in the Evolution of Batteries- An Electrifying Journey

Vancouver, BC – May 1, 2024 – Investorideas.com, a go-to investing platform covering battery stocks releases a news report drilling down on developments for better batteries, featuring KULR Technology Group, Inc. (NYSE American: KULR), a leading energy management platform company offering proven solutions that play a critical role in accelerating the electrification of the circular economy.

 

Read the full article on Investorideas:

 

https://www.investorideas.com/News/2024/renewable-energy/05010Evolution-of-Batteries.asp

 

For investors that use the ‘Follow the Money’ strategy, the big guys are betting that silicon will address some of the limitations of lithium batteries the industry is facing.

 

According to a recent article on CNBC, “Porsche, Mercedes and GM are betting on silicon-anode batteries. Batteries made with silicon instead of graphite – the commonly used material in battery anodes today – have been shown to enable significantly higher energy density and faster charging.”

 

But that is not the only path of innovation for safer and more efficient batteries. From using AI to make battery technology more efficient, and collaborations with other battery leaders, the battery race is leading us into space with companies like KULR Technology Group, Inc. (NYSE American: KULR) .

 

For investors following some of the smaller innovators in the space, the following is a news snapshot of recent developments:

 

KULR Technology Group, Inc. (NYSE American: KULR) just announced a leap forward in battery technology tailored for defense and space applications as KULR Technology Group (NYSE: KULR) and Amprius Technologies (NYSE: AMPX) officially announce their strategic partnership. This collaboration heralds the integration of Amprius’ innovative high performance cylindrical cell into KULR ONE Space and Guardian battery architectures, renowned for their high reliability and robust safety protection, for aerospace and military applications. At the heart of this partnership is Amprius’ silicon-anode SA10 cells, which are set to provide a tactical edge through superior energy density and discharge capability. The incorporation of these cells into KULR ONE Space & Guardian reference designs will ensure a propagation-resistant structure, equipped with the necessary safety measures to meet stringent specifications for defense and space operations.

 

From the news: KULR Technology Group is poised to incorporate these cutting-edge cells into forthcoming standard battery models like the BB 2590 and into commercialized variations of the KULR ONE Space 100 to 400 Wh variations, harnessing our NASA-certified screening practices, or similar, to bolster safety. This crucial step meets a fundamental requirement for battery packs destined for crewed space flights, in compliance with the NASA JSC 20793 standard and for next generation military battery packs required to satisfy extensive environmental testing requirements such as MIL-STD-810H. Working jointly with Amprius and NASA, KULR is committed to securing the essential approvals for the SA10’s use in battery packs for these vital missions and applications.

 

A recent collaborative report by the World Economic Forum and consultancy firm McKinsey & Company highlights the potential of the global space economy to address major industry and societal issues. The report forecasts that by 2035 the sector’s valuation could reach $1.8 trillion, putting it on par with the influential semiconductor industry. The study envisions space technologies becoming as integral to daily life as semiconductors are currently, driven primarily by advancements in communications positioning, navigation and timing, and Earth observation services.

 

Continued: KULR CEO Michael Mo remarked, “The innovation encapsulated within the SA10 cell, and the agility demonstrated by Amprius, align seamlessly with our commitment to serving high reliability sectors. This is an ideal strategic partnership for our KULR ONE platform utilizing their high energy density cell. Together, we are positioned to exceed the expectations of our mission-critical customers.”

 

Amprius Technologies’ CEO Dr. Kang Sun praised the alliance, stating, “KULR’s unwavering dedication to safety and innovation, coupled with their ability to rapidly produce prototypes, is indispensable. KULR’s adoption of Amprius’ industry-leading cell based on the SiCore™ product line not only allows us to enter new markets with cutting-edge technology, but it also propels ongoing development for future demands.”

 

This strategic partnership sets a new standard for battery solutions in high-stakes environments, reflecting both companies’ visions for a safer, more efficient future. The integration of Amprius’ SA10 cells into KULR’s battery packs is poised to revolutionize the landscape of power sources for the defense and aerospace sectors, offering unprecedented reliability and safety.

 

Enovix Corporation, a global high-performance battery company, recently announced it completed Factory Acceptance Testing (“FAT”) for its Gen2 Agility Line and is on track to produce first silicon battery samples from Fab2 in the second quarter of 2024.

 

From the news: “I’m proud to announce the team has completed our rigorous FAT process for all machines that make up our Agility Line,” said Ajay Marathe, Chief Operating Officer at Enovix. “SAT is also well underway. Both FAT and SAT processes ensure that we only place machines into service that meet our specifications for throughput, yield and machine uptime. I’m extremely pleased with the results so far. We’re on track to produce our first EX-1M samples for mobile and IoT customers in Q2.”

 

Continued: Enovix patented manufacturing process uses dozens of machines to produce battery cells with a unique architecture that enables the use of a 100% active silicon anode for higher energy density.

 

“I’m incredibly proud of the hard work from the entire operations team to get us to this major milestone on our Journey to Scale,” said Dr. Raj Talluri, President and CEO of Enovix. “In just 100 days, the team built a worldclass factory, putting us on the path to produce first samples of our silicon batteries from Fab2 this quarter.”

 

SES AI is the first battery company in the world to accelerate its pace of innovation by utilizing superintelligent AI across the spectrum of its business, from research and development; materials sourcing; cell design; engineering and manufacturing; to battery health and safety monitoring.

 

SES AI recently announced that it signed an agreement to enter the next phase of its existing joint development agreement (“JDA”) with Hyundai Motor Company and Kia Corporation to start developing B samples.

 

From the news:As part of the agreement with Hyundai Motor and Kia, SES AI will build a dedicated B-sample cell development, assembly and testing facility in Ui-Wang, South Korea starting later this year, and SES AI will build and operate one of the largest capacity Li-Metal lines in the world within this new facility. This collaboration is the first of its kind in the Li-Metal battery industry and represents an important milestone in achieving commercial production.

 

The expansion of the relationship with Hyundai Motor and Kia means that SES AI is the first Li-Metal battery company in the world to have two B-sample development JDAs underway. SES AI previously announced its first B-sample JDA with another major automaker in December 2023. In addition to these two B-sample lines, SES AI is also converting another A-sample line to produce Urban Air Mobility (UAM) battery cells.

 

With a mission to transform energy storage, QuantumScape Corporation, a leader in next-generation solid-state lithium-metal battery technology, today announced it started customer shipments of Alpha-2 prototype battery cells, fulfilling a goal for 2024.

 

From the news: Alpha-2 prototypes are a significant milestone on the roadmap to deliver QSE-5, QuantumScape’s first planned commercial product. QuantumScape entered the automotive qualification process in December 2022 after shipping A0 prototypes to customers. Alpha-2 prototypes integrate many of the company’s significant component improvements made over the last year. The six-layer Alpha-2 prototype is more energy-dense than the earlier 24-layer A0 prototype. This is primarily due to higher-loading cathodes (i.e., packed with more active material) and more efficient packaging that optimizes the materials and space within the cell. The packaging improvements include tighter internal margins, thinner current collectors, and a slimmer design, all of which are integral to the final product.

 

Continued: As an intermediate step between the A0 and the QSE-5 B0 prototypes planned for later this year, Alpha-2 cells feature the main functionality of the QSE-5 and are an opportunity for customers to test key performance parameters and prototype-level reliability. While Alpha-2 prototypes are being tested in customer labs, QuantumScape is working to integrate those component-level improvements into the planned QSE-5 cells, which will consist of 24 layers and use electrolyte-separators produced using the faster Raptor equipment and process.

 

“The Alpha-2 shipments represent an important milestone on our path to commercialization,” said Dr. Siva Sivaram, President and CEO of QuantumScape. “Customer feedback is the most critical input in the product development cycle as it provides insight into areas that need improvement and strengthens collaboration. The faster we can get new product iterations into customers’ hands, the faster we get to production. We are very encouraged by the initial Alpha-2 performance results and excited about the first QSE-5 cells we expect to manufacture later this year.”

 

For investors following the battery evolution, it is an electrifying journey with more to come.

 

Research battery stocks at Investorideas.com

 

https://www.investorideas.com/Companies/RenewableEnergy/Stock_List.asp#Battery-Energy-Storage-Backup-Stocks

 

About Investorideas.com – Big Investing Ideas

 

Investorideas.com is the go-to platform for big investing ideas. From breaking stock news to top-rated investing podcasts, we cover it all. Our original branded content includes podcasts such as Exploring Mining, Cleantech, Crypto Corner, Cannabis News, and the AI Eye. We also create free investor stock directories for sectors including mining, crypto, renewable energy, gaming, biotech, tech, sports and more. Public companies within the sectors we cover can use our news publishing and content creation services to help tell their story to interested investors. Paid content is always disclosed.

 

Disclaimer/Disclosure: Our site does not make recommendations for purchases or sale of stocks, services or products. This is not investment opinion: Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investing involves risk and possible losses. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. Contact management and IR of each company directly regarding specific questions. Disclosure: this news article featuring KULR is a paid for news release on Investorideas.com – More disclaimer info: https://www.investorideas.com/About/Disclaimer.asp Learn more about publishing your news release and our other news services on the Investorideas.com newswire https://www.investorideas.com/News-Upload/ Global investors must adhere to regulations of each country. Please read Investorideas.com privacy policy: https://www.investorideas.com/About/Private_Policy.asp

 

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KULR Technology Group and Amprius Technologies Form Strategic Partnership for Advanced Battery Packs

KULR ONE Space and KULR ONE Guardian Platforms to Integrate Amprius Silicon Anode SA10 Cells

 

San Diego, CA – April 30, 2024 – KULR Technology Group, Inc. (NYSE American: KULR) (the “Company” or “KULR”), a global leader in safe and high performance energy storage solutions, today announced a leap forward in battery technology tailored for defense and space applications as KULR Technology Group (NYSE: KULR) and Amprius Technologies (NYSE: AMPX) officially announce their strategic partnership. This collaboration heralds the integration of Amprius’ innovative high performance cylindrical cell into KULR ONE Space and Guardian battery architectures, renowned for their high reliability and robust safety protection, for aerospace and military applications. At the heart of this partnership is Amprius’ silicon-anode SA10 cells, which are set to provide a tactical edge through superior energy density and discharge capability. The incorporation of these cells into KULR ONE Space & Guardian reference designs will ensure a propagation-resistant structure, equipped with the necessary safety measures to meet stringent specifications for defense and space operations.

 

             

 

KULR Technology Group is poised to incorporate these cutting-edge cells into forthcoming standard battery models like the BB 2590 and into commercialized variations of the KULR ONE Space 100 to 400 Wh variations, harnessing our NASA-certified screening practices, or similar, to bolster safety. This crucial step meets a fundamental requirement for battery packs destined for crewed space flights, in compliance with the NASA JSC 20793 standard and for next generation military battery packs required to satisfy extensive environmental testing requirements such as MIL-STD-810H. Working jointly with Amprius and NASA, KULR is committed to securing the essential approvals for the SA10’s use in battery packs for these vital missions and applications.

 

A recent collaborative report by the World Economic Forum and consultancy firm McKinsey & Company highlights the potential of the global space economy to address major industry and societal issues. The report forecasts that by 2035 the sector’s valuation could reach $1.8 trillion, putting it on par with the influential semiconductor industry. The study envisions space technologies becoming as integral to daily life as semiconductors are currently, driven primarily by advancements in communications positioning, navigation and timing, and Earth observation services.

 

KULR CEO Michael Mo remarked, “The innovation encapsulated within the SA10 cell, and the agility demonstrated by Amprius align seamlessly with our commitment to serving high reliability sectors. This is an ideal strategic partnership for our KULR ONE platform utilizing their high energy density cell. Together, we are positioned to exceed the expectations of our mission-critical customers.”

 

Amprius Technologies’ CEO Dr. Kang Sun praised the alliance, stating, “KULR’s unwavering dedication to safety and innovation, coupled with their ability to rapidly produce prototypes, is indispensable. KULR’s adoption of Amprius’ industry-leading cell based on the SiCore™ product line not only allows us to enter new markets with cutting-edge technology, but it also propels ongoing development for future demands.”

 

This strategic partnership sets a new standard for battery solutions in high-stakes environments, reflecting both companies’ visions for a safer, more efficient future. The integration of Amprius’ SA10 cells into KULR’s battery packs is poised to revolutionize the landscape of power sources for the defense and aerospace sectors, offering unprecedented reliability and safety.

 

About KULR Technology Group, Inc.

KULR Technology Group Inc. (NYSE American: KULR) is a leading energy management platform company offering proven solutions that play a critical role in accelerating the electrification of the circular economy. Leveraging a foundation in developing, manufacturing, and licensing next-generation carbon fiber thermal management technologies for batteries and electronic systems, KULR has evolved its holistic suite of products and services to enable its customers across disciplines to operate with efficiency and sustainability in mind. For more information, please visit www.kulrtechnology.com.

 

About Amprius Technologies, Inc.

Amprius Technologies, Inc. is a leading manufacturer of high-energy and high-power lithium-ion batteries producing the industry’s highest known energy density cells. The company’s commercially available SiMaxx™ batteries deliver up to 450 Wh/kg and 1,150 Wh/L, with third party validation of 500Wh/kg and 1,300 Wh/L. The company’s corporate headquarters is in Fremont, California, where it maintains an R&D lab and a MWh scale manufacturing facility for the fabrication of silicon anodes and cells. To serve customer demand, Amprius entered into a lease agreement for an approximately 774,000 square foot facility in Brighton, Colorado, and expanded its product portfolio to include the SiCore™ platform. For additional information, please visit amprius.com. Also, see the company’s LinkedIn and X pages.

 

Safe Harbor Statement

This press release does not constitute an offer to sell or a solicitation of offers to buy any securities of any entity. This release contains certain forward-looking statements based on our current expectations, forecasts and assumptions that involve risks and uncertainties. Forward-looking statements in this release are based on information available to us as of the date hereof. Our actual results may differ materially from those stated or implied in such forward-looking statements, due to risks and uncertainties associated with our business, which include the risk factors disclosed in our Form 10-K filed with the Securities and Exchange Commission on April 12, 2024, as may be amended or supplemented by other reports we file with the Securities and Exchange Commission from time to time. Forward-looking statements include statements regarding our expectations, beliefs, intentions, or strategies regarding the future and can be identified by forward-looking words such as “anticipate,” “believe,” “could,” “estimate,” “expect,” “intend,” “may,” “should,” and “would” or similar words. All forecasts are provided by management in this release are based on information available at this time and management expects that internal projections and expectations may change over time. In addition, the forecasts are entirely on management’s best estimate of our future financial performance given our current contracts, current backlog of opportunities and conversations with new and existing customers about our products and services. We assume no obligation to update the information included in this press release, whether as a result of new information, future events or otherwise.

Investor Relations:

KULR Technology Group, Inc.

Phone: 858-866-8478 x 847

Email: ir@kulrtechnology.com

 

SOURCE: KULR Technology Group, Inc.

Investing in the Electric Aircraft Revolution

Vancouver, Kelowna and Delta, British Columbia–(Newsfile Corp. – April 3, 2024) – Investorideas.com, a go-to investing platform covering defense and energy stocks releases a news report on the evolving electric aircraft market and companies playing a key role, featuring KULR Technology Group, Inc (NYSE American: KULR), a leading energy management platform company offering proven solutions that play a critical role in accelerating the electrification of the circular economy.

 

Read the full article on Investorideas.com

 

According to research from MarketsandMarkets, the Electric Aircraft Market is set to achieve unprecedented growth, projecting a remarkable worth of $37.2 billion by 2030. The market, currently valued at USD 8.8 billion in 2022, is anticipated to experience a robust Compound Annual Growth Rate (CAGR) of 19.8% during the forecast period, propelled by the escalating demand for sustainable and low-emission transportation alternatives.

 

KULR Technology Group, Inc. (NYSE American: KULR), betting on the electrification of everything, will play a key role in the safety of the electric aircraft future.

 

KULR, renowned for its contributions to sustainable energy management just unveiled a commitment exceeding $1 million with H55 Inc., a pioneer and global leader in electric propulsion. H55 will employ KULR’s unique Thermal Runaway Shield within its propulsion systems that equip fleets of industry behemoths such as Pratt & Whitney and CAE Inc. (NYSE: CAE). According to the agreement, the initial delivery phase began in Q1 2024. Embedding KULR’s TRS into H55’s Electrical Propulsion System (EPS) is critical for aligning with the European Union Aviation Safety Agency’s (“EASA”) safety protocols. H55 harnesses KULR’s innovative TRS to construct systems that adhere to stringent safety measures while retaining efficiency and energy density. EASA recently approved the H55 EPS solution, paving the way for the critical compliance demonstration phase of their certification program (https://h55.ch/news/).

 

From the news: Michael Mo, CEO of KULR, reflected on the significance of this collaboration. “Working with H55 epitomizes our commitment to setting new standards for safety in electric aviation. With H55, we reinforce our role in addressing the escalating compliance requisites from regulatory bodies such as EASA and the FAA. Our goal is to ensure our technology not only fulfills but also anticipates the evolving safety needs of the electric aviation sector.”

 

From the news: According to a recent forecast, the global hybrid aircraft market is estimated to grow from USD 1.2 billion in 2023 to USD 13.2 billion by 2030, at a CAGR of 41.6% from 2023 to 2030.

 

KULR continues to pioneer revolutionary energy management solutions, propelling the electric aviation industry forward.

 

EHang (Nasdaq: EH), an urban air mobility technology platform company with a mission to enable safe, autonomous, and eco-friendly air mobility accessible to everyone, recently announced that Japan’s first UAM Center has been established in Tsukuba City, Ibaraki Prefecture. This state-of-the-art facility serves as a demonstration flight site, ground infrastructure and maintenance base for EHang’s various pilotless electric vertical takeoff and landing (“eVTOL”) aircraft in the region, including the EH216-S. This UAM center is a milestone in Japan’s advanced air mobility industry.

 

During the inauguration ceremony, attended by Mr. Tatsuo Igarashi, Mayor of Tsukuba City, the EH216-S pilotless eVTOL successfully completed its first flight in the Kanto region for aerial sightseeing.

 

From the news: The establishment of the UAM Center is the result of a strategic partnership between EHang and AirX Inc. (“AirX”), a leading Japanese air mobility digital platform company. Situated on the site of the former Helicopter Control and Command Center owned by Ibaraki Prefectural Government, the UAM Center houses hangars with capacity for approximately 25 units of EH216-S aircraft. The shared landing platform, used by both helicopters and eVTOLs, covers an area of around 30,000 square meters. Developed by AirX in collaboration with Tsukuba Airlines, the UAM Center is designed to meet the evolving needs of next-generation air mobility that encompasses pilotless eVTOL aircraft, helicopters and private jets.

 

Joby Aviation, Inc. (NYSE: JOBY), a company developing electric air taxis for commercial passenger service, recently announced it will deliver two aircraft to MacDill Air Force Base (“AFB”) in 2025 as part of the Company’s AFWERX Agility Prime contract with the US Air Force.

 

From the news: MacDill AFB is home to the U.S. Special Operations Command (“USSOCOM”), U.S. Central Command (“CENTCOM”), and units from the Air Mobility Command (“AMC”), along with numerous logistics-oriented units. Personnel will test and train with the aircraft based at MacDill AFB, on base and in the surrounding area.

 

Joby delivered its first aircraft to Edwards Air Force Base in California in September 2023, with a second aircraft expected to be placed on the base this year. At Edwards, the Joby team is working closely with the 412th Test Wing on testing and experimentation that will inform future operational testing at MacDill AFB in Tampa, Florida.

 

In mid-March, Lilium N.V. (NASDAQ: LILM), a developer of the first all-electric vertical take-off and landing (“eVTOL”) jet announced it teamed up with Atlantic Aviation, a leading fixed-based operation (FBO) and aviation services provider, to prepare Atlantic’s network of more than 100 FBOs for the Lilium Jet’s regional upcoming air mobility service launch in the United States.

 

From the new: This strategic partnership will work to ensure seamless compatibility between the Lilium Jet and Atlantic’s network of aviation assets across North America, enabling Advanced Air Mobility operations at current and future locations. Atlantic operates sites at more than 30 airport locations within Lilium’s planned launch markets in Florida, Southern California, the Northeast corridor, and Texas.

 

Lilium and Atlantic will focus on infrastructure deployment and operations, with an eye toward passenger experience, at existing and upcoming sites. Strategic planning will revolve around key drivers including aircraft flight paths, charging capabilities, passenger facilities, operations forecasting, and more. This comprehensive approach will ensure Lilium Jet operators have access to strategic points within Atlantic’s network of aviation facilities, working to both optimize the passenger experience and usher in a new era of air travel.

 

AirlineGeeks.com reports, “Several companies have thrown their hats into the electric aviation ring. From startups like Eviation with their Alice aircraft to major players like Airbus and their E-Fan X project, the race is on to develop viable electric planes. While the technology is still in its infancy, progress has been swift. Some smaller electric aircraft are already taking to the skies for test flights.”

 

In early March, Airbus (AIR.PA) presented its full electric CityAirbus NextGen prototype to the public, ahead of its maiden flight later this year. The two-tonne class CityAirbus, with a wing span of approximately 12 meters is being developed to fly with an 80 km range and to reach a cruise speed of 120 km/h, making it perfectly suited for operations in major cities for a variety of missions.

 

The unveiling coincided with the opening of the new CityAirbus test centre in Donauwörth, which will be dedicated to testing systems for electric vertical takeoff and landing vehicles (eVTOLs). The centre, which is part of Airbus’ ongoing and long-term investment in Advanced Air Mobility (AAM), began its operations with the CityAirbus NextGen’s power-on in December 2023 and it will be now used for the remaining tests required before the prototype’s maiden flight later in the year. These tests cover the electric motors with their eight rotors as well as the aircraft’s other systems such as flight controls and avionics.

 

The electrification of the skies is still in its infancy and represents significant opportunity for long term investors, but it is only one industry sector for KULR Technology Group, Inc. (NYSE American: KULR), who continues betting on electrification of the circular economy.

 

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KULR Secures Over $1M Contract from H55 for Proprietary, Patented Thermal Runaway Shield Technology

San Diego, CA – April 02, 2024 – KULR Technology Group, Inc. (NYSE American: KULR) (the “Company” or “KULR”), renowned for its contributions to sustainable energy management, today unveiled a commitment exceeding $1 million with H55 Inc. (“H55”), a pioneer and global leader in electric propulsion. H55 will employ KULR’s unique Thermal Runaway Shield (“TRS”) within its propulsion systems that equip fleets of industry behemoths such as Pratt & Whitney and CAE Inc. (NYSE: CAE). According to the agreement, the initial delivery phase began in Q1 2024. Embedding KULR’s TRS into H55’s Electrical Propulsion System (“EPS”) is critical for aligning with the European Union Aviation Safety Agency (“EASA”) safety protocols. H55 harnesses KULR’s innovative TRS to construct systems that adhere to stringent safety measures while retaining efficiency and energy density. EASA recently approved the H55 EPS solution, paving the way for the critical compliance demonstration phase of their certification program (https://h55.ch/news/).

 

Michael Mo, CEO of KULR, reflected on the significance of this collaboration. “Working with H55 epitomizes our commitment to setting new standards for safety in electric aviation. With H55, we reinforce our role in addressing the escalating compliance requisites from regulatory bodies such as EASA and the FAA. Our goal is to ensure our technology not only fulfills but also anticipates the evolving safety needs of the electric aviation sector.”

 

Martin Larose, CEO of H55, also acknowledged the positive side of this collaboration. “Tightening the relationship with KULR has marked a transformative step for us. The TRS technology from KULR has enabled us to push the safety norms and position H55 as a global leader. We are equipped to offer products that defy the rigorous requirements of EASA while preserving the high caliber and compactness our clients rely on. This synergy with KULR promises significant progress.”

 

According to a recent forecast, the global hybrid aircraft market is estimated to grow from USD 1.2 billion in 2023 to USD 13.2 billion by 2030, at a CAGR of 41.6% from 2023 to 2030.

 

KULR continues to pioneer revolutionary energy management solutions, propelling the electric aviation industry forward.

 

About KULR Technology Group Inc.

KULR Technology Group Inc. (NYSE American: KULR) is a leading energy management platform company offering proven solutions that play a critical role in accelerating the electrification of the circular economy. Leveraging a foundation in developing, manufacturing, and licensing next-generation carbon fiber thermal management technologies for batteries and electronic systems, KULR has evolved its holistic suite of products and services to enable its customers across disciplines to operate with efficiency and sustainability in mind. For more information, please visit www.kulrtechnology.com.

 

About H55

H55 S.A. is a Swiss-based company founded and led by a team of visionary engineers and aerospace experts. The company’s mission is to revolutionize the aviation industry by providing certified electric propulsion and battery management systems tailored to a diverse range of aircraft to achieve sustainable air travel. Through a commitment of providing certified solutions and its pioneering legacy as the technological spin-off of the renowned Solar Impulse electric airplane which flew around the world in 2016 with only energy from the sun, H55 is at the forefront of driving the aviation industry toward a more environmentally responsible future, setting new standards, and pushing the boundaries of what is possible in electric aviation.

 

Safe Harbor Statement

This press release does not constitute an offer to sell or a solicitation of offers to buy any securities of any entity. This release contains certain forward-looking statements based on our current expectations, forecasts and assumptions that involve risks and uncertainties. Forward-looking statements in this release are based on information available to us as of the date hereof. Our actual results may differ materially from those stated or implied in such forward-looking statements, due to risks and uncertainties associated with our business, which include the risk factors disclosed in our Form 10-K filed with the Securities and Exchange Commission on March 28, 2023, as may be amended or supplemented by other reports we file with the Securities and Exchange Commission from time to time. Forward-looking statements include statements regarding our expectations, beliefs, intentions, or strategies regarding the future and can be identified by forward-looking words such as “anticipate,” “believe,” “could,” “estimate,” “expect,” “intend,” “may,” “should,” and “would” or similar words. All forecasts are provided by management in this release are based on information available at this time and management expects that internal projections and expectations may change over time. In addition, the forecasts are entirely on management’s best estimate of our future financial performance given our current contracts, current backlog of opportunities and conversations with new and existing customers about our products and services. We assume no obligation to update the information included in this press release, whether as a result of new information, future events or otherwise.

Investor Relations:

KULR Technology Group, Inc.

Phone: 858-866-8478 x 847

Email: ir@kulrtechnology.com

 

SOURCE:  KULR Technology Group, Inc.

KULR Enters into an Agreement with Lockheed Martin for Heat Sink Advancements in Precision Missile Electronics

San Diego, CA – March 26, 2024 – KULR Technology Group, Inc. (NYSE American: KULR) (the “Company” or “KULR”), a global leader in sustainable energy management, today proudly announces receiving a six-figure contract from Lockheed Martin (NYSE: LMT) for developing phase change material (“PCM”) heat sinks that are pivotal for the thermal regulation of essential electronics within long-range precision missiles. This achievement follows a series of successful evaluations that showcased the efficiency of KULR’s solutions in cooling critical onboard systems.  With over two decades of pioneering work in heat dissipation technologies, KULR has become a trusted provider for demanding sectors, including defense, aerospace, and beyond. This latest contract with Lockheed Martin underscores KULR’s role as a source of innovative cooling solutions.

 

KULR’s PCM heat sinks stand out for their efficient, lightweight, and durable design, ideal for managing the heat loads of systems requiring intense, short bursts of power. Such capabilities are crucial for maintaining the reliability and performance of sophisticated missile electronics. Lockheed Martin’s selection of KULR for this project reflects confidence in the company’s ability to meet the high standards required for aerospace and defense applications.

 

Ted Krupp, KULR’s VP of Sales and Marketing, expressed pride in this collaboration, stating, “Our partnership with Lockheed Martin validates our drive for excellence and innovation in managing high-stakes thermal challenges. Our work is critical for enhancing the capabilities of precision-guided weaponry.” KULR remains at the forefront of thermal regulation technology, continuously evolving its solutions to support safer, more efficient electronic and battery systems across a variety of applications.

 

According to Straits Research, the global electronic warfare market size is estimated to reach an expected value of USD 27.79 billion by 2030, registering a CAGR of 5.8% during the forecast period of 2022 to 2030.

 

For more information about KULR Technology Group and its innovative solutions, please visit http://www.kulrtechnology.com.

 

About KULR Technology Group Inc.

 

KULR Technology Group Inc. (NYSE American: KULR) is a leading energy management platform company offering proven solutions that play a critical role in accelerating the electrification of the circular economy. Leveraging a foundation in developing, manufacturing, and licensing next-generation carbon fiber thermal management technologies for batteries and electronic systems, KULR has evolved its holistic suite of products and services to enable its customers across disciplines to operate with efficiency and sustainability in mind. For more information, please visit www.kulrtechnology.com.

 

Safe Harbor Statement

 

This press release does not constitute an offer to sell or a solicitation of offers to buy any securities of any entity. This release contains certain forward-looking statements based on our current expectations, forecasts and assumptions that involve risks and uncertainties. Forward-looking statements in this release are based on information available to us as of the date hereof. Our actual results may differ materially from those stated or implied in such forward-looking statements, due to risks and uncertainties associated with our business, which include the risk factors disclosed in our Form 10-K filed with the Securities and Exchange Commission on March 28, 2023, as may be amended or supplemented by other reports we file with the Securities and Exchange Commission from time to time. Forward-looking statements include statements regarding our expectations, beliefs, intentions, or strategies regarding the future and can be identified by forward-looking words such as “anticipate,” “believe,” “could,” “estimate,” “expect,” “intend,” “may,” “should,” and “would” or similar words. All forecasts are provided by management in this release are based on information available at this time and management expects that internal projections and expectations may change over time. In addition, the forecasts are entirely on management’s best estimate of our future financial performance given our current contracts, current backlog of opportunities and conversations with new and existing customers about our products and services. We assume no obligation to update the information included in this press release, whether as a result of new information, future events or otherwise.

 

Investor Relations:

KULR Technology Group, Inc.

Phone: 858-866-8478 x 847

Email: ir@kulrtechnology.com

 

Source:  KULR Technology Group, Inc.

KULR Approaches Final Milestone in Upsized U.S. Army Contract for Advanced Battery Prototypes

San Diego, CA – March 21, 2024 – KULR Technology Group, Inc. (NYSE American: KULR) (the “Company” or “KULR”), a global leader in sustainable energy management, today proudly announces the receipt of an additional purchase order from the United States Army, increasing the total contract value to $1.81 million. This latest order propels the project into its final phase, scheduled for completion by August 2024, with KULR having already achieved significant milestones in the development of next-generation battery solutions for advanced aviation applications.

 

In the concluding phase, KULR will deliver two distinct prototypes of its innovative battery systems, each tailored to meet the rigorous operational demands of the U.S. Army. This strategic development represents a culmination of the Company’s tireless efforts in navigating the initial two phases of the agreement with exceptional success.

 

The final prototypes will leverage KULR’s advanced energy management platform, KULR ONE Design Solutions, which integrates state-of-the-art safety measures and thermal management technologies. The KULR engineering team’s use of comprehensive design and testing methodologies, including Fractional Thermal Runaway Calorimetry, bomb calorimetry, and impingement zone mapping, has been instrumental in guiding the design process.

 

KULR CEO Michael Mo expressed, “As we progress to the final stages of our collaboration with the U.S. Army, our commitment to excellence and innovation remains unwavering. The trust placed in KULR to develop these advanced prototypes reflects our shared dedication to enhancing the operational capabilities of our armed forces. The forthcoming evaluation of our prototypes will set the stage for future phases, furthering our contribution to the military’s mission readiness with superior energy solutions.”

 

As the sole provider of cell screening technology for NASA, KULR continues to cultivate a solid foundation of trust while exhibiting sound technical expertise throughout its ongoing partnership with the U.S. Army. The Company continues to establish its role as a key player in advancing the safety and efficiency of energy storage and management solutions.

 

For further information about KULR Technology Group and its innovative solutions, please visit http://www.kulrtechnology.com.

 

About KULR Technology Group Inc.

KULR Technology Group Inc. (NYSE American: KULR) is a leading energy management platform company offering proven solutions that play a critical role in accelerating the electrification of the circular economy. Leveraging a foundation in developing, manufacturing, and licensing next-generation carbon fiber thermal management technologies for batteries and electronic systems, KULR has evolved its holistic suite of products and services to enable its customers across disciplines to operate with efficiency and sustainability in mind. For more information, please visit www.kulrtechnology.com.

 

Safe Harbor Statement

This press release does not constitute an offer to sell or a solicitation of offers to buy any securities of any entity. This release contains certain forward-looking statements based on our current expectations, forecasts and assumptions that involve risks and uncertainties. Forward-looking statements in this release are based on information available to us as of the date hereof. Our actual results may differ materially from those stated or implied in such forward-looking statements, due to risks and uncertainties associated with our business, which include the risk factors disclosed in our Form 10-K filed with the Securities and Exchange Commission on March 28, 2023, as may be amended or supplemented by other reports we file with the Securities and Exchange Commission from time to time. Forward-looking statements include statements regarding our expectations, beliefs, intentions, or strategies regarding the future and can be identified by forward-looking words such as “anticipate,” “believe,” “could,” “estimate,” “expect,” “intend,” “may,” “should,” and “would” or similar words. All forecasts are provided by management in this release are based on information available at this time and management expects that internal projections and expectations may change over time. In addition, the forecasts are entirely on management’s best estimate of our future financial performance given our current contracts, current backlog of opportunities and conversations with new and existing customers about our products and services. We assume no obligation to update the information included in this press release, whether as a result of new information, future events or otherwise.

 

Investor Relations:
KULR Technology Group, Inc.
Phone: 858-866-8478 x 847
Email: ir@kulrtechnology.com

 

SOURCE: KULR Technology Group, Inc.

KULR’S CELLCHECK BATTERY MONITORING SYSTEM LAUNCHES ON MICROSOFT’S AZURE CLOUD COMPUTING SERVICE

Built on Azure Cloud, the Modular Battery Management System Platform Leverages Azure Cloud’s Advanced AI Functionality to Collect and Analyze Data From all KULR products

 

CellCheck Intelligence Allows Customers to Monitor Lifetime Health of Batteries in Real-Time

 

San Diego, CA – December 13, 2022KULR Technology Group, Inc. (NYSE American: KULR) (the “Company” or “KULR”), a leading energy management platform company accelerating the global transition to a sustainable electrification economy, today announced that its CellCheck Battery Monitoring System is now running on the Azure Cloud Computing Service by Microsoft (NASDAQ: MSFT). This next-generation battery safety technology captures real-time and lifetime battery data allowing it to detect adverse electrical, environmental and physical events resulting in maximum battery safety, reliability, and performance. In its new iteration, CellCheck devices can wirelessly transmit live sensor data from the edge to the Azure Cloud where it is displayed on an extensive dashboard system.

 

“Electrifying the circular economy will generate vast streams of high-value data,” said Keith Cochran, President and COO of KULR Technology Group. “We are developing cutting-edge solutions that enable our customers to realize the full value of this data – from using predictive analytics for preventing thermal runaway, to using battery intelligence data for enhancement of operational performance, to using sustainability data to visualize ESG and climate impact. CellCheck technology will dramatically increase the safety of battery packs by providing instant analysis of current and historic health. We believe this to be a game-changing product for the $44 billion lithium-ion battery market.”

 

Through CellCheck, individuals, companies, municipalities or manufacturers can monitor the lifetime health of singular batteries, larger battery modules, or battery-powered systems remotely and in real-time using this scalable cloud infrastructure.

 

CellCheck data facilitates a path toward Battery Safety Artificial Intelligence (“AI”) and may be integrated by original equipment manufacturers (“OEM”) into battery modules for use across e-mobility, power tools, drones, vehicles, industrial equipment and local or remote UPS systems, along with a wide range of other mission-critical, battery-powered applications.

 

KULR will demonstrate CellCheck on Azure Cloud with live sensor data capture at the upcoming 2023 International Consumer Electronics Show in Las Vegas on January 5-8, 2023.

 

About KULR Technology Group Inc.

 

KULR Technology Group Inc. (NYSE American: KULR) is a leading energy management platform offering proven solutions that play a critical role in accelerating the electrification of the circular economy. Leveraging a foundation in developing, manufacturing, and licensing next-generation carbon fiber thermal management technologies for batteries and electronic systems, KULR has evolved its holistic suite of products and services to enable its customers across disciplines to operate with efficiency and sustainability in mind. For more information, please visit www.kulrtechnology.com.

 

Safe Harbor Statement

 

This release does not constitute an offer to sell or a solicitation of offers to buy any securities of any entity. This release contains certain forward-looking statements based on our current expectations, forecasts and assumptions that involve risks and uncertainties. Forward-looking statements in this release are based on information available to us as of the date hereof. Our actual results may differ materially from those stated or implied in such forward-looking statements, due to risks and uncertainties associated with our business, which include the risk factors disclosed in our Form 10-K filed with the Securities and Exchange Commission on March 28, 2022. Forward-looking statements include statements regarding our expectations, beliefs, intentions, or strategies regarding the future and can be identified by forward-looking words such as “anticipate,” “believe,” “could,” “estimate,” “expect,” “intend,” “may,” “should,” and “would” or similar words. All forecasts are provided by management in this release are based on information available at this time and management expects that internal projections and expectations may change over time. In addition, the forecasts are entirely on management’s best estimate of our future financial performance given our current contracts, current backlog of opportunities and conversations with new and existing customers about our products and services. We assume no obligation to update the information included in this press release, whether as a result of new information, future events or otherwise.

 

Investor Relations:
Tom Colton or John Yi
Gateway Group
Main: (949) 574-3860
KULR@gatewayir.com

 

Public Relations:
Robert Collins / Zach Kadletz / Anna Rutter
Gateway Group
Main: (949) 574-3860
KULR@gatewayir.com

 
Brokers and Analysts:
Chesapeake Group
Main: (410) 825-3930
info@chesapeakegp.com

 

SOURCE:  KULR Technology Group, Inc.

KULR TECHNOLOGY GROUP EXPANDS KULR VIBE WITH SCALABLE CENTRALIZED ARTIFICIAL INTELLIGENCE SERVER PLATFORM

Powered by NVIDIA Accelerators, KULR VIBE’s Expanded Technology Offers Customers Enhanced Scalability and Data Security Along with NASA-Proven Battery Safety Solutions and Energy Efficiency  

 

KULR VIBE Provides Superior Vibration Elimination for Entire Spectrum of Aviation Platforms, Industrial Motors, and Wind Energy Farms for Significant Efficiency, Longevity and Energy Output Improvements

 

San Diego, CA –  December 07, 2022 –  KULR Technology Group, Inc. (NYSE American: KULR) (the “Company” or “KULR”), a leading energy management platform company accelerating the global transition to a sustainable electrification economy, today announced that it will be expanding its vibration reduction solution KULR VIBE offering with the launch of a scalable, centralized artificial intelligence (“AI”) server platform. Powered by NVIDIA (NASDAQ: NVDA) accelerators, the updated KULR VIBE system will deliver faster processing speeds and data capture for remote access. Of particular interest and request from KULR’s enterprise customers, the cornerstone of this expansion will bring enhanced security to protect customer data, mission-critical projects and intellectual against potential cyber security risks.

 

The KULR VIBE suite of products and services has provided vibration analysis and mitigation to commercial and military helicopter application for over two decades. Advances in measurement and computing have allowed the KULR VIBE technologies to offer transformative, scalable solutions across aviation, transportation, renewable energy (wind), manufacturing, industrial, performance racing and autonomous aerial (drone) applications. The new KULR VIBE AI platform allows for advanced, trajectory-altering maintenance capable of optimizing craft performance and systems to prioritize safety, allow for lower maintenance costs and increase the lifespan of sensitive and expensive equipment in the field resulting in longer commercial use.

 

“Providing enhanced security and faster remote diagnoses for managing the vibration and balancing needs of high-performance machines and systems are essential for today’s commercial and enterprise businesses that are looking to be more competitive in the market by ensuring their systems are operating as safely as possible,” said Michael Mo, CEO of KULR. “We look forward to scaling up with our customers to bring the enhanced KULR VIBE platform further into the design, production and ongoing maintenance of their critical systems.”

 

As a leader in the global electrification movement, the KULR VIBE AI platform also allows the Company to bring optimized battery safety and improved kinetic energy efficiency to customers across industries, including electric vehicles, aircraft, e-mobility, power tools and other motorized systems. Powered by AMD (NASDAQ: AMD) CPUs and NVIDIA accelerators running in KULR’s on-premises data center, this technology expansion gives customers access to industry-standard toolsets while simultaneously engaging with KULR’s proprietary intelligent algorithms.

 

The Company will demonstrate the KULR VIBE technology with remote AI system support at the upcoming 2023 International Consumer Electronics Show.

 

About KULR Technology Group Inc.

 

KULR Technology Group Inc. (NYSE American: KULR) is a leading energy management platform offering proven solutions that play a critical role in accelerating the electrification of the circular economy. Leveraging a foundation in developing, manufacturing, and licensing next-generation carbon fiber thermal management technologies for batteries and electronic systems, KULR has evolved its holistic suite of products and services to enable its customers across disciplines to operate with efficiency and sustainability in mind. For more information, please visit https://www.kulrtechnology.com/.

 

Safe Harbor Statement

This release does not constitute an offer to sell or a solicitation of offers to buy any securities of any entity. This release contains certain forward-looking statements based on our current expectations, forecasts and assumptions that involve risks and uncertainties. Forward-looking statements in this release are based on information available to us as of the date hereof. Our actual results may differ materially from those stated or implied in such forward-looking statements, due to risks and uncertainties associated with our business, which include the risk factors disclosed in our Form 10-K filed with the Securities and Exchange Commission on March 28, 2022. Forward-looking statements include statements regarding our expectations, beliefs, intentions, or strategies regarding the future and can be identified by forward-looking words such as “anticipate,” “believe,” “could,” “estimate,” “expect,” “intend,” “may,” “should,” and “would” or similar words. All forecasts are provided by management in this release are based on information available at this time and management expects that internal projections and expectations may change over time.  In addition, the forecasts are entirely on management’s best estimate of our future financial performance given our current contracts, current backlog of opportunities and conversations with new and existing customers about our products and services. We assume no obligation to update the information included in this press release, whether as a result of new information, future events or otherwise.

 

Investor Relations:
Tom Colton or John Yi
Gateway Group
Main: (949) 574-3860
KULR@gatewayir.com

 

Public Relations:
Robert Collins / Zach Kadletz / Anna Rutter
Gateway Group
Main: (949) 574-3860
KULR@gatewayir.com

Brokers and Analysts:
Chesapeake Group
Main: (410) 825-3930
info@chesapeakegp.com

 

SOURCE:  KULR Technology Group, Inc.

KULR Receives Initial Passive Propagation Resistant Battery Safety Order  from Lockheed Martin

SAN DIEGO, CA – November 30, 2021 – KULR Technology Group, Inc. (NYSE American: KULR) (the “Company” or “KULR”), a leading developer of next-generation lithium-ion battery safety and thermal management technologies, today announced the Company has received an initial order totaling approximately $500,000 for its passive propagation resistant (“PPR”) battery systems from the Lockheed Martin Corporation (NYSE: LMT) (“LMT”). This initial order is for immediate delivery and is the starting point in the partnership as LMT leverages KULR’s technological advancements in PPR energy products for its Advanced Energy Systems.

 

KULR’s PPR energy products include the Thermal Runaway Shield (“TRS”), the Internal Short Circuit (“ISC”), its full suite of proprietary battery design and testing methodologies, as well as the battery cell screening and monitoring system KULR developed for its aerospace and U.S. Department of Defense (“DoD”) customers.

 

“KULR’s heritage is hardware thermal energy management components incorporating our patented carbon fiber architecture,” stated KULR CEO Michael Mo. “We are very pleased and honored to have Lockheed Martin Corporation as a partner advancing our integrated battery design, testing and management platform. As the industry leader serving DoD and aerospace customers, Lockheed Martin brings tremendous expertise and resources to help us perfect our solutions to serve the most mission critical applications in the world.”

 

About KULR Technology Group Inc.

 

KULR Technology Group Inc. (NYSE American: KULR) develops, manufactures and licenses next-generation carbon fiber thermal management technologies for batteries and electronic systems. Leveraging the company’s roots in developing breakthrough cooling solutions for NASA space missions and backed by a strong intellectual property portfolio, KULR enables leading aerospace, electronics, energy storage, 5G infrastructure, and electric vehicle manufacturers to make their products cooler, lighter and safer for the consumer. For more information, please visit www.KULRTechnology.com.

  

Safe Harbor Statement

 

This release does not constitute an offer to sell or a solicitation of offers to buy any securities of any entity. This release contains certain forward-looking statements based on our current expectations, forecasts and assumptions that involve risks and uncertainties. Forward-looking statements in this release are based on information available to us as of the date hereof. Our actual results may differ materially from those stated or implied in such forward-looking statements, due to risks and uncertainties associated with our business, which include the risk factors disclosed in our Form 10-K filed with the Securities and Exchange Commission on March 19, 2021. Forward-looking statements include statements regarding our expectations, beliefs, intentions, or strategies regarding the future and can be identified by forward-looking words such as “anticipate,” “believe,” “could,” “estimate,” “expect,” “intend,” “may,” “should,” and “would” or similar words. All forecasts are provided by management in this release are based on information available at this time and management expects that internal projections and expectations may change over time.  In addition, the forecasts are entirely on management’s best estimate of our future financial performance given our current contracts, current backlog of opportunities and conversations with new and existing customers about our products and services.  We assume no obligation to update the information included in this press release, whether as a result of new information, future events or otherwise.

 

Media Contact:

Derek Newton

Head, Media Relations

Main: (786) 499-8998

Derek.Newton@KULRTechnology.com

 

Investor Relations:

Tom Colton or Matt Glover

Gateway Investor Relations

Main: (949) 574-3860

KULR@gatewayir.com

 

SOURCE:  KULR Technology Group Inc.

KULR Technology Group Partners with Airbus to Provide Battery Safety Solutions

Partnership with leading global aerospace company underscores KULR’s commitment to battery safety worldwide

 

San Diego, CA – October 6, 2020 KULR Technology Group, Inc. (OTCQB: KULR), (the “Company” or “KULR”) today announces it is partnering with Airbus Defense and Space to provide KULR’s passive propagation resistant (PPR) battery design solutions for ongoing research into lithium-ion battery testing and safety for flight applications. The electrical engineers at Airbus (OTC: EADSY) (Euronext: AIR) do research and develop safe battery solutions for defense, space, helicopter, and aircraft applications.

 

KULR’s PPR design combines HYDRA Thermal Runaway Shield (TRS), LYRA internal short circuit, and NASA’s Fractional Thermal Runaway Calorimeter cell analysis technologies to provide an integrated total solution for battery testing and safety. HYDRA TRS is a sleeve-like shield that surrounds and separates individual cells in multi-cell packs and contains carbon fiber core and liquid coolant. The unique combination and configuration of the shield passively draws intense heat of cell failures away from nearby cells while dousing the failed area in a cooling and fire-prevention liquid.

 

Though weight and volume of thermal management solutions are the most critical constraints in flight applications, KULR’ carbon fiber architecture offers superior mass and weight advantages.

 

“We are excited to work with Airbus to refine and enhance its battery safety research, an agreement that further demonstrates our commitment to battery safety in consumer and commercial applications,” said Michael Mo, CEO of KULR.  “We believe our TRS technology can provide a lightweight and effective solution to mitigate thermal runaway propagation risk for Airbus’ high-performance batteries.”

 

KULR’s HYDRA TRS is proven by various government testing authorities to stop or mitigate the impacts of dangerous lithium-ion battery failures known as thermal runaway propagation. Last year, Leidos (NYSE: LDOS) and NASA used KULR’s HYDRA TRS technology to safely ship to and store batteries aboard the International Space Station. In addition, NASA’s Marshall Space Flight Center (MSFC) recently awarded KULR a dual-use technology development agreement to build 3D printed battery systems for manned and robotic space applications.

 

About KULR Technology Group, Inc.
KULR Technology Group, Inc. (OTCQB: KULR) develops, manufactures and licenses next-generation carbon fiber thermal management technologies for batteries and electronic systems. Leveraging the company’s roots in developing breakthrough cooling solutions for NASA space missions and backed by a strong intellectual property portfolio, KULR enables leading aerospace, electronics, energy storage, 5G infrastructure, and electric vehicle manufacturers to make their products cooler, lighter and safer for the consumer. For more information, please visit www.kulrtechnology.com.

 

Safe Harbor Statement

 

This release does not constitute an offer to sell or a solicitation of offers to buy any securities of any entity. This release contains certain forward-looking statements based on our current expectations, forecasts and assumptions that involve risks and uncertainties. Forward-looking statements in this release are based on information available to us as of the date hereof. Our actual results may differ materially from those stated or implied in such forward-looking statements, due to risks and uncertainties associated with our business, which include the risk factors disclosed in our Form 10-K filed on May 14, 2020. Forward-looking statements include statements regarding our expectations, beliefs, intentions or strategies regarding the future and can be identified by forward-looking words such as “anticipate,” “believe,” “could,” “estimate,” “expect,” “intend,” “may,” “should,” and “would” or similar words. All forecasts are provided by management in this release are based on information available at this time and management expects that internal projections and expectations may change over time.  In addition, the forecasts are entirely on management’s best estimate of our future financial performance given our current contracts, current backlog of opportunities and conversations with new and existing customers about our products and services.  We assume no obligation to update the information included in this press release, whether as a result of new information, future events or otherwise.

 

Media Contact:
Derek Newton
Head, Media Relations
Main: (786) 499-8998
derek.newton@kulrtechnology.com

 

Investor Relations:

KULR Technology Group, Inc.

Main: (888) 367-5559

ir@kulrtechnology.com

 

Source:  KULR Technology Group, Inc.

KULR Technology Group and Hazmat Safety Consulting Begin Work to Improve Industry Standards for Commercial Shipments of Batteries

Comes on the heels of KULR’s recent announcement on its participation in meetings with the United Nations Transport of Dangerous Goods Sub-Committee Informal Working Group

  

San Diego, CASeptember 02, 2020 KULR Technology Group, Inc. (OTCQB: KULR) (the “Company” or “KULR”) today announced that the Company has commenced work on helping establish updated industry safety standards for lithium battery packaging used to ship batteries commercially. In April 2020, the Company announced a partnership with Hazmat Safety Consulting (“Hazmat”), an organization with over 60 years of combined experience in developing, influencing, and interpreting lithium battery safety regulations for the safe transport of lithium batteries.

 

This week, KULR is participating in meetings of the United Nations Transport of Dangerous Goods Sub-Committee Informal Working Group to establish test methods and criteria by which lithium batteries can be more effectively regulated based on their inherent hazards. On September 15, 2020, the Company will present to a subcommittee of the Transportation Research Board on the Prevention of Thermal Runaway Propagation in Lithium Batteries. KULR’s passive propagation resistant (PPR) design solutions prevent dangerous cell-to-cell thermal runaway propagation. KULR’s PPR solutions were recently adopted by NASA for use in future space missions.

 

Lithium battery fires — such as the incidents that destroyed a UPS plane in 2010 and a FedEx truck in 2016– have increasingly become a public safety concern. The National Transportation Safety Board (NTSB) has called for stricter testing and shipping standards for lithium batteries and submitted safety recommendations to the Pipeline and Hazardous Materials Safety Administration (PHMSA), a division of the Department of Transportation responsible for developing, issuing, and enforcing safety regulations for the transport of hazardous materials, in May 2020.

 

“Bob Richard, President of Hazmat, who formerly served as the Deputy Associate Administrator for the PHMSA and Chairman of the UN Sub-Committee of Experts on the Transport of Dangerous Goods, will be instrumental in guiding us through the steps required to implement minimum packaging standards required to ship lithium batteries,” said Michael Mo, CEO of KULR. “Our PPR technologies are world-class solutions for preventing dangerous battery fires, and we share the NTSB’s, concerns about current safety standards. Requiring that lithium batteries be shipped in packaging capable of preventing thermal runaway propagation makes logical sense and should be taken into serious consideration by the PHMSA.”

 

According to Verified Market Research, the global lithium ion battery market was valued at $36.35 Billion in 2019 and is projected to reach $115.98 Billion by 2027, growing at a CAGR of 15.6% from 2020 to 2027.

 

Last year, NASA used the Company’s PPR technology to safely transport to and store lithium batteries aboard the International Space Station as well as collaborated with KULR on NASA’s high-voltage battery safety guide. Earlier this year, KULR licensed its technologies to Americase, which provides the world’s most widely used return packaging solution for damaged, defective, or recalled batteries.

 

About KULR Technology Group, Inc.

 

KULR Technology Group, Inc. develops, manufactures and licenses next-generation carbon fiber thermal management technologies for batteries and electronic systems. Leveraging the company’s roots in developing breakthrough cooling solutions for NASA space missions and backed by a strong intellectual property portfolio, KULR enables leading aerospace, electronics, energy storage, 5G infrastructure, and electric vehicle manufacturers to make their products cooler, lighter and safer for the consumer. For more information, please visit www.kulrtechnology.com.

 

 About Hazmat Safety Consulting
HSC has over 60 years of combined experience in developing, influencing, and interpreting lithium battery safety regulations for the safe transport of lithium batteries. The Company specializes in applying years of experience working with US and international regulators, shippers, carriers, freight forwarders, standards body officials and others related to the transport of dangerous goods.  For more information, please visit, https://www.hazmatsafety.com.

 

Safe Harbor Statement

This release does not constitute an offer to sell or a solicitation of offers to buy any securities of any entity. This release contains certain forward-looking statements based on our current expectations, forecasts and assumptions that involve risks and uncertainties. Forward-looking statements in this release are based on information available to us as of the date hereof. Our actual results may differ materially from those stated or implied in such forward-looking statements, due to risks and uncertainties associated with our business, which include the risk factors disclosed in our Form 10-K filed on May 14, 2020. Forward-looking statements include statements regarding our expectations, beliefs, intentions or strategies regarding the future and can be identified by forward-looking words such as “anticipate,” “believe,” “could,” “estimate,” “expect,” “intend,” “may,” “should,” and “would” or similar words. All forecasts are provided by management in this release are based on information available at this time and management expects that internal projections and expectations may change over time.  In addition, the forecasts are entirely on management’s best estimate of our future financial performance given our current contracts, current backlog of opportunities and conversations with new and existing customers about our products and services.  We assume no obligation to update the information included in this press release, whether as a result of new information, future events or otherwise.

 

Investor Relations:

Keith Pinder

Landon Capital

Main: (404) 995-6671

kpinder@landoncapital.net

 

Media Contact:
Derek Newton
Head, Media Relations
Main: (786) 499-8998
derek.newton@kulrtechnology.com

 

Source:  KULR Technology Group, Inc.

KULR Technology Group to Participate in United Nations Working Group on Lithium Battery Classification

Company to apply its experience and expertise on UN Working Group’s new lithium battery classification system

 

San Diego, CA – August 31, 2020 – KULR Technology Group, Inc. (OTCQB: KULR) (the “Company” or “KULR”) today announces that it will participate in meetings of the United Nations Transport of Dangerous Goods Sub-Committee Informal Working Group to establish test methods and criteria by which lithium batteries can be more effectively regulated based on their inherent hazards. The event will take place in Brussels, Belgium, and virtually online on August 31- September 2, 2020.

 

Regulatory agencies and international organizations are increasingly concerned with the prevention of battery fires in transport, such as those that have sporadically occurred aboard aircrafts and trucks. The UN Working Group is considering regulations and a new classification system of lithium batteries based on risk factors such as chemistry, form factor, quantities of flame, heat and gas released, and whether they propagate when a cell is intentionally forced into thermal runaway.

 

A new classification system would require lithium battery manufacturers to test batteries to assess and better understand the risk they pose in transport. The objective is to incentivize battery manufacturers to understand the risks posed and to design safer batteries.

 

Of particular interest to regulatory bodies are KULR’s passive propagation resistant (PPR) design and proprietary internal short circuit (ISC) battery safety testing technology. As a provider of space-proven expertise in the design, manufacturing, testing and development of innovative risk mitigation solutions to enhance lithium battery safety, KULR strongly supports regulatory initiatives that promote the development of safer lithium batteries.

 

“KULR agrees with regulators and industry experts that sound battery design, testing and packaging play a critical role in reducing the likelihood of cells and batteries experiencing thermal events. These factors are also crucial in reducing the hazards when a cell or battery experiences a thermal event,” said Michael Mo, CEO of KULR. “Reducing the probability and limiting the effects of mass thermal runaway propagation is an absolute must. KULR is strategically suited to support the UN Working Group’s initiatives and is eager to provide solutions to meet current and future regulatory requirements. We look forward to participating in this incredible meeting to pursue next-level safety standards for today’s battery technology.”

 

About KULR Technology Group, Inc.KULR Technology Group, Inc. (OTCQB: KULR) develops, manufactures and licenses next-generation carbon fiber thermal management technologies for batteries and electronic systems. Leveraging the company’s roots in developing breakthrough cooling solutions for NASA space missions and backed by a strong intellectual property portfolio, KULR enables leading aerospace, electronics, energy storage, 5G infrastructure, and electric vehicle manufacturers to make their products cooler, lighter and safer for the consumer. For more information, please visit www.kulrtechnology.com.

 

Safe Harbor Statement

This release does not constitute an offer to sell or a solicitation of offers to buy any securities of any entity. This release contains certain forward-looking statements based on our current expectations, forecasts and assumptions that involve risks and uncertainties. Forward-looking statements in this release are based on information available to us as of the date hereof. Our actual results may differ materially from those stated or implied in such forward-looking statements, due to risks and uncertainties associated with our business, which include the risk factors disclosed in our Form 10-K filed on May 14, 2020. Forward-looking statements include statements regarding our expectations, beliefs, intentions or strategies regarding the future and can be identified by forward-looking words such as “anticipate,” “believe,” “could,” “estimate,” “expect,” “intend,” “may,” “should,” and “would” or similar words. All forecasts are provided by management in this release are based on information available at this time and management expects that internal projections and expectations may change over time.  In addition, the forecasts are entirely on management’s best estimate of our future financial performance given our current contracts, current backlog of opportunities and conversations with new and existing customers about our products and services.  We assume no obligation to update the information included in this press release, whether as a result of new information, future events or otherwise.

 

Investor Relations:
Keith Pinder
Landon Capital
Main: (404) 995-6671
kpinder@landoncapital.net

 

Media Contact:
Derek Newton
Head, Media Relations
Main: (786) 499-8998
derek.newton@kulrtechnology.com

 

Source: KULR Technology Group, Inc.

About KULR Technology Group

DISRUPTIVE THERMAL MANAGEMENT SOLUTIONS

KULR’s disruptive thermal management technologies strive to fulfill an addressable $24 Billion thermal management systems market. KULR’s integrated design approach offers comprehensive solutions in thermal interface materials, lightweight heat exchangers, and protection against lithium-ion battery thermal runaway propagation. Our high-performance solutions can be designed to fit almost any power or electronic configuration, including extremely demanding spaces or for applications where size and weight restrictions are a concern.

 

MAKING THE WORLD OF ELECTRONICS COOLER, LIGHTER, AND SAFER

Since 2016 we have witnessed dramatic changes in the world of electronics with an automotive industry transitioning into the electrification of vehicles and the advent of 5G communications technologies that will accelerate cloud computing growth. Such applications have progressively become more powerful and often require improved forms of thermal management or electronics and battery cooling technologies.

Our plan of execution starts with providing our customers with the best battery testing methodologies as well as cost-effective cooling technologies that outperform traditional solutions, delivering a reliable, safer, and more energy-efficient product to the end-user.

 

MANAGEMENT

KULR Technology Group, Inc. was founded by some of the foremost experts in energy, thermal management, semiconductor and industrial manufacturing. Our investors and advisors include industry leaders from the US, Japan, and China, all from a variety of different fields, including electric vehicles, communications, energy management, and semiconductors.

 

MICHAEL MO
Chief Executive Officer

Mr. Mo is a technology entrepreneur and successful investor with over 20 years of experience in technology management, product development and marketing. From 2007 to 2015, Mr. Mo served as Senior Director of Business Development at Amlogic, Inc. Prior to Amlogic, he was co-founder and CEO of Sympeer Technology, a peer-to-peer network company. Mr. Mo received a Master’s degree in Electrical Engineering from UC Santa Barbara in 1995.

 

DR. TIMOTHY KNOWLES
Chief Technology Officer

Dr. Knowles has over 30 years of thermal management R&D experience having led teams that developed high-performance thermal management products for numerous high-caliber aerospace and industrial applications. Previously, he served as president of Energy Science Laboratories, where his team developed the core Carbon Fiber Cooling technology utilized in KULR’s products today. Dr. Knowles received a Ph.D. in Physics from UC San Diego in 1977.

 

SIMON WESTBROOK
Chief Financial Officer

In 2009, Mr. Westbrook founded Aargo, Inc., a company specializing in financial consulting services to corporations in various tech-related industries. Prior to Aargo, Mr. Westbrook was CFO of Amber Networks, Inc., and the Chief Financial Officer of Sage, Inc. (NASDAQ: SAGI), a Silicon Valley company specializing in flat panel displays. Before Sage, Mr. Westbrook held senior level financial positions at Creative Technology (NASDAQ: CREAF) and Atari Corp (AMEX: ATC). Simon is a Chartered Accountant and holds a Master’s degree in Economics from Trinity College, Cambridge University.

 

MICHAEL G. CARPENTER
Vice President of Engineering

Mr. Carpenter was former Director and Safety Officer of Energy Science Laboratories PCM Heatsink Group. He also served as Quality Manager and Facility Security Officer in the Defense Industrial Security Program from 1988 to 1995. Mr. Carpenter received a B.S. in Applied Mechanics from UC San Diego in 1983.

 

SARA FEULNER
Vice President of Human Resources

Ms. Feulner has 20 years of HR and Operations experience in the technology industry. The majority of her career was spent at ARM as the Global Vice President of Human Resources. During her tenure the organization grew from 500 to 3000 employees and $100M to over $1Bn in revenue. She has lived and worked internationally and now specializes in leading edge HR and operations consulting for small to medium size tech companies. Sara is an alumnus of Harvard Business School’s Program for Leadership Development and holds a Master’s Degree from Trinity University in San Antonio, Texas.

 

SOURCE:  https://kulrtechnology.com/

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