Monday, October 26, 2020 9:24:27 AM
KULR provides NASA space-grade battery technology to leading battery manufacturer and electronics component supplier to leading global 5G mobile devices
SAN DIEGO, CA / ACCESSWIRE / October 26, 2020 / KULR Technology Group, Inc. (OTCQB:KULR), (the "Company" or "KULR") announces it has entered into a legally binding MOU (memorandum of understanding) with a leading global electronics component and battery manufacturer (the "Partner"), which is a leading supplier of a key electrical component in smartphones such as the Apple iPhone, to pursue business relationships building Internal Short Circuit (ISC) battery testing technology and for KULR to license its passive propagation resistant Thermal Runaway Shield (TRS) technology to the Partner in a commercial phase.
"We are proud to work with a leading innovator, whose technology is trusted by globally recognized brands. Through this partnership, we will share our breakthrough ISC and TRS technologies to make our Partner's batteries safer and more efficient for both commercial and consumer application," said Michael Mo, CEO of KULR. "Our Partner's reputation in the world of rechargeable batteries is unparalleled, and we look forward to advance its research into battery reliability and safety."
Under the agreement, KULR will provide its ISC devices for making ISC trigger cells based on Partner's battery portfolio. KULR will also license its passive propagation resistant (PPR) technology portfolio and intellectual property to the Partner in order to help build and modify the TRS technology for Partner's battery applications, which include energy storage, electric mobility, consumer electronics, and mobile devices among others.
About KULR Technology Group, Inc.
KULR Technology Group, Inc. (OTCQB:KULR) develops, manufactures and licenses next-generation carbon fiber thermal management technologies for batteries and electronic systems. Leveraging the company's roots in developing breakthrough cooling solutions for NASA space missions and backed by a strong intellectual property portfolio, KULR enables leading aerospace, electronics, energy storage, 5G infrastructure, and electric vehicle manufacturers to make their products cooler, lighter and safer for the consumer. For more information, please visit 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 Form 10-K filed on May 14, 2020. 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. All forecasts are provided by management in this release are based on information available at this time and management expects that internal projections and expectations may change over time. In addition, the forecasts are entirely on management's best estimate of our future financial performance 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.
Source: https://finance.yahoo.com/news/kulr-partners-leading-global-electronics-120000237.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