KULR and United States Army Extend Previously Awarded Contract
October 30 2023 - 8:45AM
KULR Technology Group, Inc. (NYSE American: KULR)
(the "Company" or "KULR"), a global leader in sustainable energy
management, today announced an extension to its previously awarded
contract with the United States Army (“Army”) following promising
initial results. The Army has extended its collaboration with KULR
to continue the development, testing, and analysis of next
generation lithium-ion battery cells incorporating the Company’s
battery storage platform, KULR ONE Design Solutions ("K1-DS").
The development activities that began in April 2023, continue to
progress and, are slated to run through 2024.
"This extension serves as a testament to the transformative
potential of our technology and the trust the US Army has put in us
to partner with them to achieve their goal of developing
state-of-the-art energy storage solutions," said KULR CEO Michael
Mo. “To be trusted by the US Army to provide cutting edge
effectiveness and safety in energy solutions to our soldiers is an
honor. We look forward to completing our extensive K1-DS design and
testing process so the Army can move into production as soon as
possible of these next generation energy storage solutions that
meet the Army’s high technical and safety standards.”
In addition to the U.S. Army project, KULR recently announced it
became the sole provider of an automated cell screening effort for
NASA further demonstrating KULR’s track record of excellence.
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:KULR Technology Group,
Inc.Phone: 858-866-8478 x 847Email: ir@kulrtechnology.com
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