KULR Awarded Initial $1.13M U.S. Army Contract to Develop Next Generation High-Energy Battery Packs with KULR ONE Design Solutions
May 04 2023 - 8:30AM
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 United States Army
awarded a $1.13M contract to KULR for developing a safe,
high-energy battery storage platform using next generation silicon
anode lithium-ion cells. KULR will utilize KULR ONE Design
Solutions platform to fast track this new design through
prototyping phases and into manufacturing readiness for U.S. Army’s
advanced aviation applications. Development activities had begun at
the end of April 2023 and are slated to run through early 2024.
KULR ONE Design Solutions (K1DS) platform incorporates the most
comprehensive design and testing methodology for battery safety
that includes: Fractional Thermal Runaway Calorimetry (“FTRC”),
bomb calorimetry, and impingement zone mapping, performing a
comprehensive cell level characterization of the thermal runaway
behavior of the customer’s cells. Testing data gathered during this
process will guide the design decisions by the KULR engineering
team.
The Phase One contract is an important milestone for the
Company. We are focused on commercializing the safety architecture
boasted by the KULR ONE platform, which utilizes the latest
high-power battery cells from E-One Moli Energy. Furthermore, the
cells used for the U.S. Army production batteries will be screened
by KULR's newly completed cell screening automation line. Last
week, it was announced that the Company shall be the sole provider
for an automated cell screening project from NASA.
"We are proud to support military operational readiness with
advanced next-generation energy storage platforms," said KULR CEO
Michael Mo. “Our breakthrough KULR ONE Design Solutions has enabled
leading aerospace, electronics, and energy storage manufactures to
develop lighter, safer, and more thermally efficient products. Now,
by developing next generation high-energy silicon anode battery
packs into smaller and lighter power sources for deployed
applications, we can implement measures that enhance the
capabilities and resilience of soldiers in the field. We are very
excited to help solve the difficult problems facing operational
preparedness for the U.S. Armed Forces and its allies.”
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.
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Investor Relations:Mark
KomonoskiPartnerIntegrous CommunicationsPhone: 1-877-255-8483Email:
kulr@integcom.us
Media Relations:Further PREmail:
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