KULR Opens New Research and Development Center in Texas
March 13 2023 - 8:45AM
KULR Technology Group, Inc. (NYSE American: KULR)
(the "Company" or "KULR"), a leading energy management platform
company accelerating the global transition to a sustainable
electrification economy, today announced the opening of a new
research and development center in Webster, Texas, a suburb of
Houston, to accommodate for increasing battery development
engagements in the year 2023 and beyond.
“Our new R&D center will usher in the next phase of KULR's
expansion and growth,” said Dr. Will Walker, KULR Chief Technology
Officer. “The building that integrates the R&D center will be
outfitted with state-of-the-art prototyping equipment and tools
necessary for an agile engineering team to deliver prototype
designs in rapid turnaround. The facility will create dozens of new
STEM and other attractive jobs as KULR begins to contribute to the
economic engine of Texas. Our team pushes for excellence in
technology innovation and execution as we gain momentum in the
design, development, and manufacturing of next-generation carbon
fiber thermal management technologies for batteries and electronic
systems.”
Late last month, KULR announced that it had secured a follow-on
$2.68 million contract as the exclusive supplier of fail-safe
battery safety solutions for an industrial scale energy storage
system manufacturer. KULR's growing team was also instrumental in
this project, which is expected to be one of the first in a robust
pipeline of grid-scale energy storage projects incorporating the
Company's passive propagation resistant solutions enabling energy
storage systems longer life cycles and completely self-contained
safe battery solutions.
KULR's sales, marketing, project management, quality control,
and customer care divisions will continue to be headquartered in
San Diego, California. However, the Webster facility's design can
accommodate future expansion as the Company continues to invest in
people and assets in Texas. The new facility is located within
close proximity to other leading engineering organizations and
firms including NASA, Axiom, Oceaneering International, KBR Wiley,
Lockheed Martin, Jacobs, and many more.
KULR expects the Webster facility to be fully operational by
April 2023.
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.
Safe Harbor StatementThis release does not
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forward-looking statements based on our current expectations,
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Investor Relations:Mark
KomonoskiPartnerIntegrous CommunicationsPhone: 1-877-255-8483Email:
kulr@integcom.us
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