“Safe transportation of lithium-ion batteries on aircrafts is fundamental to accelerating the adoption of sustainable energy sources across industries,” commented Michael Mo, CEO and Co-Founder of KULR Technology Group.
Acquisition Provides Advanced Carbon Fiber Heatsink Solutions for High Power Computing Applications
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 (“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 CEO Michael Mo is scheduled to present on Monday, December 6th at 8:00 AM Eastern time, with one-on-one meetings to be held throughout the conference. The presentation will be webcast live and available for replay here.
KULR’s Q3 revenue increased by over 300% year-over-year as the Company began to steadily expand the commercialization of its products.
CellCheck captures real time and lifetime battery intelligence, sensing adverse electrical, environmental, and physical events to analyze and control for maximum battery safety, reliability, and performance.
KULR will hold a conference call on Thursday, November 18th at 4:30PM ET to discuss its financial results for the third quarter of 2021.
KULR Partners with Largest Global Producer of Lead Acid Batteries for DoE Initiative
The combined entity will operate under the Retriev Technologies name as it leverages its extensive reach into the original equipment manufacturer (“OEM”) recycling market Retriev serves. In addition to the existing partnership’s customer programs in the e-bike and scooter markets
The authorized modification ensures the Company’s KULR-Tech Safe Case addresses batteries of any condition: new, used, recycled, refurbished, reused, prototyped or DDR (damaged, defective, or recalled). The special permit provides exceptions from shipping papers and employee training when shipping lithium batteries up to 2.1 kilowatt-hours (“kWh”). The permit also authorizes the exceptions based on using KULR’s specially designed thermally protective packaging which incorporates the Company’s patented thermal runaway shield (“TRS”) technology.
