KULR Technology to Deliver Mission-Critical Power Solutions for Leading Global Space Innovator's Upcoming Missions
February 21 2024 - 8:30AM
KULR Technology Group, Inc. (NYSE American: KULR)
(the "Company" or "KULR"), a global leader in sustainable energy
management, has announced a groundbreaking development program that
will play a pivotal role in the advancement of battery technology
to be deployed on space missions scheduled for this year – 2024 –
and beyond. KULR, internationally known for its proprietary battery
safety and performance methodologies and products, has been engaged
by one of the few global leaders in space travel to design,
develop, and deliver battery systems tailored for the rigorous
demands of space travel. These batteries will power the
dramatically growing commercial space business for KULR’s partner
for its immediate needs and into the future. The commercial,
economic, and mission-critical requirement for on-time delivery of
consistently safe, reliable, and efficient battery power solutions
coupled with the complex demands of space travel led this customer
to KULR.
While the program is already underway, upon achieving
anticipated milestones, both KULR and its partner anticipate
follow-on orders supporting a significant increase in the frequency
and scale of planned space missions.
“KULR is quickly becoming the “go-to” solution for companies who
are at the forefront of the industry from both a commercial and
innovation perspective," said Dr. William Walker, CTO of KULR
Technology Group. "What we are finding is a need for rapid battery
development, in-house production, and in-house qualification to
decrease time to flight readiness. The KULR team has welcomed this
challenge and adapted both our team and our production solution
offerings to accommodate these needs. Our team is excited to be
powering the next frontier of space exploration by ensuring that
battery systems for these missions meet the highest standards of
safety, performance, and on-time delivery."
With the anticipated growth in both state (US domestic and
international) and privately sponsored commercial missions,
dependable and secure power solutions are an essential requirement
for the industry to achieve its potential. As further evidenced by
the announcement of this engagement, KULR is at the forefront of
delivering these solutions on commercially demanding time
frames.
For more information about KULR Technology Group and its role in
promoting safer battery solutions for the aerospace industry,
please visit https://www.kulrtechnology.com.
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.
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associated with our business, which include the risk factors
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from time to time. Forward-looking statements include statements
regarding our expectations, beliefs, intentions, or strategies
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such as “anticipate,” “believe,” “could,” “estimate,” “expect,”
“intend,” “may,” “should,” and “would” 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 management’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. Investor Relations:KULR
Technology Group, Inc.Phone: 858-866-8478 x 847Email:
ir@kulrtechnology.com
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