KULR Technology Partners With Gamma Technologies
October 27 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, today
announced a strategic partnership with
Gamma
Technologies, a global leader and innovator in
multi-physics system simulation software.
Through the partnership, KULR will integrate Gamma
Technologies’ GT-SUITE multi-scale, multi-physics analysis platform
into the Company’s robust, holistic suite of products and services.
GT-SUITE’s simulation capabilities enable engineering teams to
create highly optimized, next generation battery designs, and in
doing so, allows KULR to ensure its customers have access to
state-of-the-art solutions.
“Analysis has always been the backbone of design
improvement,” said KULR’s Director of Engineering, Dr. William
Walker. “However, moving away from single physics models and into
the realm of multi-physics models allows for endless possibilities
when it comes to design improvement and product performance
enhancement. KULR is excited to expand our capabilities with Gamma
Technologies’ industry-leading simulation platform.”
“We are excited to be working with battery safety
industry leader, KULR, as we focus in on the critical needs of the
eVTOL industry,” said CRO of Gamma Technologies, Chris Walsh.
“Modern rotorcraft designs have an extremely thermally demanding
mission profile that includes power intensive flight segments for
which deep analysis early in the design process is required.”
KULR will utilize GT’s electrochemical simulation
solution, GT-AutoLion3D, on the GT-SUITE platform. The integrated
solution will be used to deliver cell and pack-level aging and
cycling models.
KULR recently participated in the 2022 GT
Technical Conference, where Dr. Walker delivered a keynote lecture
titled, “Test and Analysis-Driven Approach to Design of Safe and
Reliable Battery Systems.”
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/.
About Gamma Technologies Inc. GT
develops and licenses GT-SUITE, a leading multi-physics CAE
simulation software. GT-SUITE includes a complete library of
physics-based modeling templates covering fluid flow, thermal
systems, mechanics, electrics, magnetics, chemistry, and controls.
It supports the entire development cycle from concept to
validation. GT-SUITE applications include a wide variety of
engineering systems such as conventional and hybrid vehicles,
powertrains, engines, motors, compressors, catalysts, acoustics,
cooling, thermal management, HVAC, hydraulics, lubrication,
multi-body mechanics and much more.
GT also develops GT-AutoLion, the leading
lithium-ion battery simulation software used by battery suppliers
and OEMs for both 1D and 3D battery analysis and design. It is a
predictive, physics-based simulation tool that models battery
electrochemical processes. The integration of GT-AutoLion and
GT-PowerForge into GT-SUITE further enhances this leading platform
for full xEV analysis. Additional information is available at
www.gtisoft.com.
Safe Harbor Statement This
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 Matt
Glover Gateway Group Main: (949) 574-3860
KULR@gatewayir.com
Public Relations: Robert Collins
/ Zach Kadletz / Anna Rutter Gateway Group Main: (949)
574-3860 KULR@gatewayir.com
Brokers and Analysts: Chesapeake
Group Main: (410) 825-3930 info@chesapeakegp.com
KULR Technology (AMEX:KULR)
Historical Stock Chart
From Aug 2024 to Sep 2024
KULR Technology (AMEX:KULR)
Historical Stock Chart
From Sep 2023 to Sep 2024