KULR Expands SafeCASE™ Product Line for Electric Bikes
June 15 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 that it has expanded its
SafeCASE™ product line for the consumer e-mobility market. KULR is
bringing to the consumer market the same patented technology it
provides NASA to protect astronauts on the International Space
Station and manned space missions. With over 300 million e-bikes
alone in use around the world today and growing at double-digit
percentages, the threat of battery related fires is real and
growing. When battery fires occur, they can immediately reach
temperatures in excess of 1,000 degrees Celsius. They are typically
difficult to extinguish even for professional firefighters. In
2022, in New York City alone, rechargeable batteries caused 219
fires, with 147 injuries, 6 deaths and millions of dollars in
damages.
KULR’s SafeCASE™ product can help prevent these fires from
presenting a severe threat to human health and safety, not to
mention property – including, critical infrastructure, businesses,
and residences. The Company is actively engaged in discussions with
multi-family HOA’s, lawmakers, community leaders, as well as those
that represent urban multi-story buildings to provide unique
solutions to meet or exceed current and anticipated
regulations.
In addition to being chosen by NASA for its most critical
missions, KULR’s patented SafeCASE™ technology is the only company
in the world with a product approved by the United States
Department of Transportation, specifically for storage and
transport of lithium-ion batteries up to a capacity of 2.5 Kilowatt
Hours. That is roughly equivalent to the combined energy capacity
of 5 laptop computer batteries. This is the highest capacity
approval issued to date.
Nick Petrakis, Senior Consultant of Energy Safety Response
Group, the first and only full-service emergency management, fire
investigation and hazardous material handling company focused
solely on energy storage, affirmed, “We are excited to collaborate
with KULR on the SafeCASE™ design to try and make this cutting-edge
solution available to New York City residents, businesses, and
organizations. We are working with KULR to ensure the safety of NYC
residents and First Responders. Our goal is to set the standard for
meeting and where necessary, helping to establish, stringent
guidelines set forth by NYC law makers and regulatory authorities.
Given its proven effectiveness in the most critical environments,
we commend KULR on what we believe to be a significant step towards
mitigating the hazards associated with lithium-ion mobility device
fires in NYC.”
“The Company looks forward to trying to help other cities across
the US and the world with this significant issue,” stated KULR CEO
Michael Mo. “Our products are versatile and easy to use, with
custom sizing to fit various battery configurations. We have
discovered that ease of use is critical to maintain high levels of
use compliance. KULR’s SafeCASE™ consumer applications are
versatile enough to be used across a range of applications
including e-bikes, e-scooters, drones and other consumer
electronics like cell phones, tablets, and laptops.”
To learn how KULR's SafeCASE™ product can be customized to
address specific requirements for safe storage or transportation of
lithium-ion batteries, interested parties may contact the company
at sales@kulrtechnology.com.
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 press release does
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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
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associated with our business, which include the risk factors
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change over time. In addition, the forecasts are entirely on
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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:KULR Technology Group,
Inc.Phone: 858-866-8478 x 847Email: ir@kulrtechnology.com
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