KULR Technology Joins NAATBatt, the Premiere Trade Association for Advanced Battery Technology
September 14 2022 - 8:30AM
KULR Technology Group, Inc. (NYSE American: KULR)
(the "Company" or "KULR"), a leading developer of next-generation
lithium-ion (“Li-ion”) battery safety and thermal management
technologies, today announced it has joined NAATBatt International
(NAATBatt), the premiere trade association of developers,
manufacturers, suppliers and users of battery technology in North
America. As a platinum member, KULR will regularly participate in
board meetings, allowing the company to connect with top policy
makers in the space, discuss and develop cutting-edge technological
advancements and remain at the forefront of battery technology.
“KULR is at an inflection point as we position our thermal
safety solutions platform to become further entrenched in the
marketplace, ultimately providing us with an opportunity to
optimize logistics as we continue investing in the localization of
our production and supply chain to North America,” said Michael Mo,
Co-Founder and CEO of KULR Technology Group. “Becoming a member of
NAATBatt allows us to further that mission. We’ll learn and
participate in the development of innovative solutions for the
advancement of battery technologies, become better positioned to
meet market needs and benefit from local policy support.”
Jim Greenberger, Executive Director of NAATBatt International,
said: “NAATBatt is delighted to welcome KULR Technology Group as
NAATBatt’s newest Platinum level member and KULR’s CEO, Michael Mo,
to NAATBatt’s board of directors. Under Michael’s leadership, KULR
has been working on the critically important issue of thermal
management in advanced battery systems. New innovations in thermal
management, which affect both the safety and performance of
batteries, are likely to become an important differentiator in the
ongoing competition to build better, safer and cheaper advanced
batteries. I am looking forward to having Michael’s expertise
available to our board.”
The Company’s new membership in NAATBatt follows KULR's July
2022 announcement that it is procuring 75MWh of lithium-ion battery
cell capacity from Taiwan Cement Corporation’s subsidiary E-One
Moli Energy Corporation (“Molicel”), which it will use to build
battery applications. The engagement with Molicel, known as the
first manufacturer of Li-ion cells in North America, and the
expanded network from NAATBatt signal KULR’s prioritized efforts to
position itself as a centerpiece of North America supply
chains.
About KULR Technology Group Inc. KULR
Technology Group Inc. (NYSE American: KULR) develops, manufactures
and licenses next-generation carbon fiber thermal management
technologies for batteries and electronic systems. Leveraging the
company’s roots in developing breakthrough cooling solutions for
NASA space missions and backed by a strong intellectual property
portfolio, KULR enables leading aerospace, electronics, energy
storage, 5G infrastructure, and electric vehicle manufacturers to
make their products cooler, lighter and safer for the consumer. For
more information, please visit www.kulrtechnology.com.Safe
Harbor StatementThis 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, 2022. 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 “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:Tom Colton or John Yi Gateway GroupMain:
(949) 574-3860 KULR@gatewayir.com
Public Relations:Robert Collins / Zach Kadletz
/ Anna Rutter Gateway GroupMain: (949)
574-3860 KULR@gatewayir.com
KULR Technology (AMEX:KULR)
Historical Stock Chart
From May 2024 to Jun 2024
KULR Technology (AMEX:KULR)
Historical Stock Chart
From Jun 2023 to Jun 2024