KULR Technology to Host G-27 Lithium Battery Packaging Performance Committee Meeting for Society of Aerospace Engineers
November 03 2022 - 8:45AM
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 that it is hosting a meeting of the Society of Aerospace
Engineers (“SAE") G-27 Lithium Battery Packaging Performance
Committee in San Diego next week.
As part of their charter to establish technical
standards that advance safety, quality, and interoperability,
across aerospace, automotive, commercial vehicle, and systems
management sectors, the SAE meeting will focus on innovative ways
to update, develop and maintain lithium-ion (“Li-ion”) battery
package standards to permit safe transport via aircraft and
accelerate the electrification movement.
Underscoring the core theme of the meeting, KULR
will showcase its suite of battery safety solutions,
including SafeCase, its reusable, safe, and high-energy
battery transportation and storage solution that addresses the
current aviation regulations on the transport of lithium-ion
batteries. KULR's SafeCase and Thermal Runway Shield (“TRS”)
provide a viable safety risk management framework and have
previously secured Department of Transportation special permits for
shipping Li-ion batteries.
The carriage of lithium batteries via air transport continues to
present a significant safety risk, with current regulations set
forth by the International Civil Aviation Organization (“ICAO”)
prohibiting the transport of Li-ion batteries as cargo on passenger
aircrafts until approved safety solutions, expressly including
performance-based packaging, are implemented. Consequently,
airlines, shippers, and manufacturers have been working hard to
ensure lithium batteries can be carried onboard airlines safely. As
such, next week's SAE meeting is uniquely situated to help
transform the existing regulatory landscape through proven solution
approaches and new policies that safely facilitate the transport of
Li-ion batteries via aircraft.
KULR’s decision to host this meeting is also a key step in
introducing its suite of battery safety products and services to a
number of influential organizations including the International Air
Transport Association (“IATA”), International Federation of Airline
Pilots Association (IFALPA), International Coordination Council for
Aerospace Industry Association (“ICCAIA”), European Association for
Advanced Rechargeable Batteries (“RECHARGE”), Rechargeable Battery
Association (“PRBA”), Battery Association of Japan (“BAJ”), Medical
Device Transport Council (“MDTC”) defense agencies, and regulatory
authorities.
SAE Lithium Battery Packaging Performance Committee
Event Details Date: Tuesday, November 8,
2022 – Friday, November 11, 2022Location: Hyatt
Regency La Jolla at Aventine – 3777 La Jolla Village Drive, San
Diego, CA
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/.
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
Brokers and Analysts:Chesapeake Group Main:
(410) 825-3930 info@chesapeakegp.com
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