KULR receives first battery resistant to passive propagation
SAN DIEGO, November 30, 2021 (GLOBE NEWSWIRE) – 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 that the Company has received an initial order totaling approximately $ 500,000 for its passive propagation. Lockheed Martin Corporation (NYSE: LMT) (“LMT”) Heavy Duty Battery Systems (“PPR”). This initial order is for immediate delivery and is the starting point of 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”), Internal Short Circuit (“ISC”), its full range of proprietary battery design and testing methodologies, and the control and monitoring system. battery cell monitoring that KULR has developed for its aerospace and US Department of Defense (“DoD”) customers.
“KULR’s legacy consists of thermal energy management hardware components incorporating our patented carbon fiber architecture,” said Michael Mo, CEO of KULR. As an industry leader serving DoD and aerospace customers, Lockheed Martin brings considerable expertise and resources to help us refine our solutions to serve the world’s most critical applications.
About KULR Technology Group Inc.
KULR Technology Group Inc. (US NYSE: 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 leveraging a strong portfolio of intellectual property, KULR enables leading manufacturers of aerospace, electronics, storage energy, 5G infrastructure and electric vehicles to make their products cooler, lighter and safer for consumers. For more information, please visit www.KULRTechnology.com.
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