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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This press release does not constitute an offer to sell or a solicitation of offers to buy the securities of an entity. This press release contains certain forward-looking statements based on our current expectations, forecasts and assumptions that involve risks and uncertainties. The forward-looking statements contained in this press 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 these forward-looking statements, due to the 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 about our expectations, beliefs, intentions or strategies regarding the future and may be identified by forward-looking words such as “anticipate”, “believe”, “could”, “estimate”, “” expect “,” intend “,” may “,” should “and” would “or similar words. All forecasts provided by management in this release are based on information available at that time and management expects internal projections and expectations to change over time. In addition, the forecast is based entirely on management’s best estimate of our future financial performance, given our current contracts, the current backlog of opportunities and conversations with new and existing customers about our products and services. We assume no obligation to update any information included in this press release, whether as a result of new information, future events or otherwise.

Media contact:
Derek newton
Manager, Media Relations
Main: (786) 499-8998
[email protected]

Investor Relations:
Tom Colton or Matt Glover
Investor Relations Gateway
Main: (949) 574-3860
[email protected]


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