KULR Technology Begins Phase 2 Battery Safety Testing for Lockheed Martin
October 25 2022 - 8:30AM
KULR Technology Group, Inc. (NYSE American: KULR)
(the "Company" or "KULR"), a leading energy management platform
accelerating the electrification of the circular economy, has
commenced Phase 2 development of its passive propagation resistant
(“PPR”) battery systems for the Lockheed Martin Corporation (NYSE:
LMT) (“Lockheed”). Following a successful Phase 1 trial in November
2021, the testing for Phase 2 began in Summer 2022, utilizing
KULR’s recently implemented bomb calorimeter and leveraging the
Company’s technological advancements in PPR energy products for its
Advanced Energy Systems.
A bomb calorimeter measures the total heat generated in a
particular reaction. Data gathered with KULR’s bomb calorimeter can
be used in combination with additional information collected from
running experiments in the Company’s Fractional Thermal Runaway
Calorimeter (“FTRC”), licensed from NASA, for similar cell types.
The FTRC supports the determination of both the total amount of
heat generated and the fraction of heat contained within the ejecta
compared to that retained in the cell body. These compiled
datapoints are critical for cell selection decisions and for
designing battery systems that are safe against the unique cell
level thermal runaway response.
In addition to serving NASA and defense contractors, the
versatile FTRC also provides significant value to commercial
leaning companies that wish to develop better battery pack and
battery management system (“BMS”) designs.
“Lockheed Martin is a valued KULR customer, and we are
encouraged to be jointly proceeding to Phase 2 in developing our
PPR energy products for their Advanced Energy Systems,” said Dr.
William Walker, KULR’s Director of Engineering. “We are confident
our state-of-the-art technological capabilities will meet their
needs and lead to a continued, longstanding partnership with one of
the leading aerospace, arms, defense, information security, and
technology companies in the world.”
KULR has developed a multitude of products to increase the
performance of aerospace and U.S. Department of Defense (“DoD”)
technologies and is continuing to research new and innovative
thermal management and energy solutions.
About KULR Technology Group Inc.KULR Technology
Group Inc. (NYSE American: KULR) is a leading energy management
platform 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
https://www.kulrtechnology.com/
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given our current contracts, current backlog of opportunities and
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included in this press release, whether as a result of new
information, future events or otherwise.Investor
Relations:Tom Colton or Matt Glover Gateway
GroupMain: (949) 574-3860 KULR@gatewayir.com
Public Relations:Robert Collins / Zach Kadletz
/ Anna Rutter Gateway GroupMain: (949)
574-3860 KULR@gatewayir.com
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