KULR Partners with World Leading Provider of Drone-Powered Package Delivery Services to Develop High-Capacity Lithium Battery Packs
August 07 2023 - 8:00AM
KULR Technology Group, Inc. (NYSE American: KULR)
, a global leader in sustainable energy management, today announced
it has signed an agreement to partner with a world leading provider
of drone-powered package delivery services. Pursuant to the
agreement, KULR will leverage its KULR ONE Design Solutions
(“K1-DS”) platform and proprietary technology for the development
of high-capacity lithium battery packs for use in last-mile
delivery, which is the most expensive and time-consuming part of
the shipping process. The KULR K1-DS is globally recognized for the
safety and efficiency it brings to batteries and battery-powered
products and equipment. It is used by some of the world’s most
demanding aerospace and defense customers.
The global drone delivery services market is currently estimated
at $2.1 billion and is expected to grow over 400% to $9.2 billion
by 2027.
Although drones offer immense potential, their widespread
adoption is hindered by safety risks associated with batteries and
various technological challenges, particularly related to energy
density and weight. The Company will support the customer in
addressing these concerns with its cutting-edge K1-DS battery pack
design and testing platform, which integrates inherently safe and
lightweight battery designs featuring advanced chemistry and
thermal management technology. This approach empowers drone makers
to achieve extended flight ranges and longer flight durations on a
single charge.
“Our state-of-the-art KULR ONE Design Solutions platform has
enabled leading aerospace, electronics, and energy storage
manufacturers to develop lighter, safer, and more thermally
efficient products,” stated KULR CEO Michael Mo. “We are excited to
collaborate with global e-commerce companies to increasingly
disrupt the last-mile delivery market by incorporating our
solutions for development of high-energy battery packs into smaller
and lighter power sources for drone delivery applications.”
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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otherwise. Investor Relations:KULR
Technology Group, Inc.Phone: 858-866-8478 x 847Email:
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