Announcements
KULR RECEIVES INITIAL PASSIVE PROPAGATION RESISTANT BATTERY SAFETY ORDER FROM LOCKHEED MARTIN
SAN DIEGO / GLOBENEWSWIRE / 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 (โPPRโ) battery systems from the Lockheed Martin Corporation (NYSE: LMT) (โLMTโ). This initial order is for immediate delivery and is the starting point in the partnership as LMT leverages KULRโs technological advancements in PPR energy products for its Advanced Energy Systems.