KULR Approaches Final Milestone in Upsized U.S. Army Contract for Advanced Battery Prototypes
March 21 2024 - 8:30AM
KULR Technology Group, Inc. (NYSE American: KULR)
(the "Company" or "KULR"), a global leader in sustainable energy
management, today proudly announces the receipt of an additional
purchase order from the United States Army, increasing the total
contract value to $1.81 million. This latest order propels the
project into its final phase, scheduled for completion by August
2024, with KULR having already achieved significant milestones in
the development of next-generation battery solutions for advanced
aviation applications.
In the concluding phase, KULR will deliver two distinct
prototypes of its innovative battery systems, each tailored to meet
the rigorous operational demands of the U.S. Army. This strategic
development represents a culmination of the Company's tireless
efforts in navigating the initial two phases of the agreement with
exceptional success.
The final prototypes will leverage KULR's advanced energy
management platform, KULR ONE Design Solutions, which integrates
state-of-the-art safety measures and thermal management
technologies. The KULR engineering team's use of comprehensive
design and testing methodologies, including Fractional Thermal
Runaway Calorimetry, bomb calorimetry, and impingement zone
mapping, has been instrumental in guiding the design process.
KULR CEO Michael Mo expressed, "As we progress to the final
stages of our collaboration with the U.S. Army, our commitment to
excellence and innovation remains unwavering. The trust placed in
KULR to develop these advanced prototypes reflects our shared
dedication to enhancing the operational capabilities of our armed
forces. The forthcoming evaluation of our prototypes will set the
stage for future phases, furthering our contribution to the
military's mission readiness with superior energy solutions."
As the sole provider of cell screening technology for NASA, KULR
continues to cultivate a solid foundation of trust while exhibiting
sound technical expertise throughout its ongoing partnership with
the U.S. Army. The Company continues to establish its role as a key
player in advancing the safety and efficiency of energy storage and
management solutions.
For further information about KULR Technology Group and its
innovative solutions, please visit
http://www.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.
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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
disclosed in our Form 10-K filed with the Securities and Exchange
Commission on March 28, 2023, as may be amended or supplemented by
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from time to time. Forward-looking statements include statements
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“intend,” “may,” “should,” and “would” or similar words. All
forecasts are provided by management in this release are based on
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of our future financial performance given our current contracts,
current backlog of opportunities and conversations with new and
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Investor Relations:KULR Technology Group,
Inc.Phone: 858-866-8478 x 847Email: ir@kulrtechnology.com
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