KULR Technology Secures Contract With Leidos to Provide Purpose-Built Materials for Ongoing Defense Fieldwork

CAMPBELL, Calif., Nov. 01, 2018 (GLOBE NEWSWIRE) -- KULR Technology Group, Inc. (OTCQB: KUTG), (the “Company” or “KULR”), today announced that it will provide specific-use thermal management material to Leidos (NYSE: LDOS) for ongoing testing, research and development on defense-related projects.

Details of the agreement, the specific materials, and proposed projects are under security restrictions and will not be released but company leaders highlighted the importance of the relationship to continued programs within Leidos and with other partners.

“Whether in space, aerospace, defense or in consumer electronics, managing the heat of high-performance, high-demand components is always mission critical – too much heat, or not enough of it, in the wrong place at the wrong time can impair system performance or in the worst case be catastrophic,” said Dr. Timothy Knowles, co-founder and Chief Technology Officer at KULR. “We are proud to continue our work on safe and efficient thermal solutions with industry and research leaders such as Leidos.”

“The design and development of next-generation products and systems requires next-generation energy management or thermal management solutions,” said Vice President Billy Schaefer, Leidos Business Manager for Directed Energy. “Partnering with KULR will help us create these innovative products from conception to implementation for the customer.”

Though it’s not the company’s only thermal product, KULR’s core technology is a space-used, vertically-aligned carbon fiber material that is lighter, more flexible, and more efficient than traditional thermal management products. As pure carbon, KULR fiber is perfectly heat efficient and because it behaves like a flexible fabric it can fit with just about any power or electronic configuration in extremely demanding spaces with minimal contact pressure. Partners, including NASA and multiple defense agencies and contractors, have contributed decades of research and development on KULR’s thermal technology solutions.

“New areas of defense technology like directed energy systems, for example, require upgraded, optimal thermal systems, even just to test them,” said Michael G. Carpenter, Vice-President of Engineering at KULR Technology. “That’s why agreements with companies such as Leidos are so exciting for us.” Directed energy research programs are similar to those being promoted by the Directed Energy Professional Society.

SOURCE: GlobeNewswire

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