Tuesday, May 14, 2019 11:25:08 AM
CAMPBELL, Calif., May 14, 2019 (GLOBE NEWSWIRE) -- KULR Technology Group, Inc. (OTCQB: KUTG), (the “Company” or “KULR”), today announced it will provide its space-developed thermal technology for a purpose-built phase change (PCM) heat sink to leading aerospace and defense company Lockheed Martin (NYSE: LMT).
The PCM developed by KULR delivers concentrated heat capacity from phase change, utilizing the company’s proprietary carbon fiber core to provide tailored thermal conductivity and proven durability in a light-weight package. The PCM device may serve as a structural element in the system and either absorb or release heat according to the application. This fully passive device offers a cost-effective alternative to more complex cooling methodologies.
Details on how Lockheed Martin will use the customized PCM heat sinks was not disclosed, nor were specific terms of the agreement. Company leaders did highlight the importance of their partnership in developing and using the best thermal management technologies for crucial aerospace, defense and other systems.
“In nearly every advanced technology, heat is a killer. And the more advanced, the more precise something has to be, the more important it is to isolate and redirect heat away from the source – and that’s what we do,” said Michael Mo, CEO of KULR. “We are very proud to be working with Lockheed Martin to design and deliver thermal management solutions to their demanding specifications – solutions that allow Lockheed Martin to meet and exceed the needs of their customers,” he said.
KULR’s PCM solutions are expected to be delivered through 2019.
About KULR Technology Group, Inc.
KULR Technology Group, Inc., through its wholly-owned subsidiary KULR Technology Corporation ("KULR"), develops and commercializes high-performance space-used thermal management technologies for electronics, batteries, and other components across an array of applications such as electric vehicles and autonomous driving (collectively as E-Mobility), AI/Cloud computing, energy storage, and 5G communication technologies. KULR's proprietary, core technology is a carbon fiber material with roots in aerospace and defense that provides superior thermal conductivity and heat dissipation in an ultra-lightweight and pliable material. By leveraging this break-through cooling solution and its longstanding development partnerships with NASA, the Jet Propulsion Lab and others, KULR makes E-Mobility and other products safer and cooler. https://www.kulrtechnology.com
Safe Harbor Statement
This release does not constitute an offer to sell or a solicitation of offers to buy 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 forward-looking statements, due to risks and uncertainties associated with our business, which include the risk factors disclosed in our parent entity’s Form 10-K filed on April 17, 2018. Forward-looking statements include statements regarding our expectations, beliefs, intentions or strategies regarding the future and can be identified by forward-looking words such as "anticipate," "believe," "could," "estimate," "expect," "intend," "may," "should," and "would" or similar words. We assume no obligation to update the information included in this press release, whether as a result of new information, future events or otherwise.
Source: http://www.globenewswire.com/news-release/2019/05/14/1823773/0/en/KULR-Technology-Partners-With-Lockheed-Martin-to-Provide-Thermal-Management-Solutions.html
Recent KULR News
- Form 8-K - Current report • Edgar (US Regulatory) • 09/16/2024 12:30:18 PM
- KULR Releases New KULR ONE Space Presentation, CTO to Participate in Upcoming Live Reddit Q&A Discussion • GlobeNewswire Inc. • 09/16/2024 12:30:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 09/10/2024 12:30:16 PM
- KULR Receives up to $1.5M Satellite Battery Systems Order from South Korea’s Nara Space for Artemis II CubeSat Mission • GlobeNewswire Inc. • 09/10/2024 12:30:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/28/2024 03:01:21 PM
- KULR Releases New Investor Presentation • GlobeNewswire Inc. • 08/28/2024 02:47:49 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/21/2024 12:30:18 PM
- KULR Changes Designation of Principal Executive Office to Texas, Announces Leadership Transition • GlobeNewswire Inc. • 08/21/2024 12:30:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/20/2024 12:30:13 PM
- KULR Partners with Amprius Technologies to Develop Reference Design to Enhance Battery Safety and Performance in Advanced Air Mobility • GlobeNewswire Inc. • 08/20/2024 12:30:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/12/2024 08:56:54 PM
- KULR Technology Group Reports Second Quarter 2024 Financial Results • GlobeNewswire Inc. • 08/12/2024 08:15:00 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 08/12/2024 08:14:35 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/05/2024 12:30:33 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 07/08/2024 12:00:20 PM
- KULR Lands Initial $400K NASA Contract for Automated Battery Cell Testing, $2M in Total Orders Anticipated Over Several Quarters • GlobeNewswire Inc. • 07/08/2024 12:00:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/07/2024 01:30:09 AM
- Form 8-K - Current report • Edgar (US Regulatory) • 06/03/2024 12:00:18 PM
- KULR Announces Expiration of SEPA Facility and Compliance with NYSE Guidelines on Audit Opinion Disclosure • GlobeNewswire Inc. • 06/03/2024 12:00:00 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 05/31/2024 09:14:04 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/29/2024 12:30:17 PM
- KULR Experiences Fast-Growing Demand for Next-Gen EV Battery Safety and Testing Solutions with Order from Top Japanese Automaker • GlobeNewswire Inc. • 05/29/2024 12:30:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/25/2024 01:30:16 AM
VHAI - Vocodia Partners with Leading Political Super PACs to Revolutionize Fundraising Efforts • VHAI • Sep 19, 2024 11:48 AM
Dear Cashmere Group Holding Co. AKA Swifty Global Signs Binding Letter of Intent to be Acquired by Signing Day Sports • DRCR • Sep 19, 2024 10:26 AM
HealthLynked Launches Virtual Urgent Care Through Partnership with Lyric Health. • HLYK • Sep 19, 2024 8:00 AM
Element79 Gold Corp. Appoints Kevin Arias as Advisor to the Board of Directors, Strengthening Strategic Leadership • ELMGF • Sep 18, 2024 10:29 AM
Mawson Finland Limited Further Expands the Known Mineralized Zones at Rajapalot: Palokas step-out drills 7 metres @ 9.1 g/t gold & 706 ppm cobalt • MFL • Sep 17, 2024 9:02 AM
PickleJar Announces Integration With OptCulture to Deliver Holistic Fan Experiences at Venue Point of Sale • PKLE • Sep 17, 2024 8:00 AM