KULR ANNOUNCES LITHIUM-ION BATTERY SAFETY SOLUTIONS FOR MARITIME PASSENGER INDUSTRY
KULR-Tech Safe Case Targets U.S. Coast Guard’s Upcoming Safety Requirements for the Passenger Vessel Market
KULR-Tech Safe Case Targets U.S. Coast Guard’s Upcoming Safety Requirements for the Passenger Vessel Market
The initial deployment order totals approximately $1.6 million for immediate delivery with higher volume shipments expected throughout 2022 for KULR’s PPR solution, which includes the patented thermal runaway shield (“TRS”) product.
“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.