KULR Technology Group Delivers Customized Battery Solution for U.S. Army, Enhancing Tactical Command Operations

KULR Technology Group Delivers Customized Battery Solution for U.S. Army, Enhancing Tactical Command Operations

SAN DIEGO / GLOBENEWSWIRE / April 10, 2024 / KULR Technology Group, Inc. (NYSE American: KULR) (the “Company” or “KULR”), an innovator in energy management systems, proudly announces the successful delivery of its custom-designed KULR ONE battery packs to the United States Army, a crucial step in bolstering the longevity and efficiency of Uninterruptible Power Supplies (“UPS”) in tactical command settings.

Under a multi-year contract, KULR has achieved a significant milestone by tailoring its KULR ONE battery pack specifically for the Armyโ€™s effort to modernize future command posts. This specialized pack combines high-performance 21700 power cells with state-of-the-art thermal management technology to enhance propagation resistance while minimizing size and weight. The customization has resulted in an impressive 80% improvement in UPS run times, providing a strategic edge in tactical command operations. 

Michael Mo, CEO of KULR, expressed his pride in the project’s success: โ€œDelivering these customized battery packs to the United States Army represents a significant achievement for KULR. It underscores our commitment to developing specialized solutions that meet the exacting needs of our clients, particularly in critical, high-stakes environments. The KULR ONE pack exemplifies our dedication to innovation, safety, and performance in energy management.โ€

The Army is appraising the custom KULR ONE battery packs for their next-generation command posts, aiming to significantly improve mobility and survivability. These assessments are critical to optimizing the use of these advanced energy solutions. KULR remains closely involved, supporting the Army’s mission to enhance the efficiency and durability of its operational capabilities. This effort emphasizes KULR’s significant impact on battery technology innovation, reinforcing its commitment to supplying specialized, high-caliber energy solutions for vital tactical needs.

For more information about KULR Technology Group and its specialized energy solutions, please visit https://www.kulrtechnology.com/.

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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 โ€ฏย 
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 โ€œanticipate,โ€ โ€œbelieve,โ€ โ€œcould,โ€ โ€œestimate,โ€ โ€œexpect,โ€ โ€œintend,โ€ โ€œmay,โ€ โ€œshould,โ€ and โ€œwouldโ€ 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 managementโ€™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.โ€ฏ

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Investor Relations:
KULR Technology Group, Inc.
Phone: 858-866-8478 x 847
Email: [email protected]

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